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BASIC-FIT TRADING UPDATE FIRST THREE MONTHS 2021

23/4/2021

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FIRST THREE MONTHS HIGHLIGHTS
- Number of clubs in the network was unchanged in the quarter at 905; an increase of 77 clubs year on year
- Number of memberships decreased by 10% in the first quarter to 1.80 million (Q4 2020: 2.00 million)
- Revenue of € 10.7 million (Q1 2020: €137.5 million) with 94% of our clubs being closed due to government measures
- €37 million investments in the installation of smart camera systems, club layout improvements, software and new product development and expansion capex
- €142 million liquidity available at quarter end

OUTLOOK 2021
- Current government roadmaps indicate possible reopening of our clubs in the Netherlands on 11 May and in Belgium and France shortly thereafter
- Our clubs can reopen with strict protocols offering our members a safe place to work out in, as soon as government measures for fitness clubs are lifted
- When we have reopened our clubs and have more visibility on the development of COVID-19 and memberships, we will update the market on our expectations regarding club openings for 2021 and 2022

Lees het volledige rapport hier:
210422_trading_update_q1_2021_bfit.pdf
File Size: 285 kb
File Type: pdf
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