THREE MONTHS HIGHLIGHTS
Group revenue increased by 29% year on year to €119.4 million (Q1 2018: €92.6 million)
Number of memberships increased by 19% year on year to 1.96 million (Q1 2018: 1.65 million)
Number of clubs in the network increased by 22 in Q1 to 651 clubs (Q1 2018: 533 clubs)
On track to open around 125 clubs in 2019
REVENUE DEVELOPMENT

Basic-Fit reported revenue of €119.4 million over the first three months of 2019. This is an increase of 29% compared to the €92.6 million in the same period in 2018. The increase is explained by the increase in fitness revenue (up 29% to €116.3 million) and higher other revenue (up 22% to €3.1 million). The strong increase in fitness revenue is explained by the 19% increase in memberships and the €20.43 average revenue per member per month, which is an increase of 8% compared to the same period last year.

Rene Moos, CEO Basic-Fit:
“We had a good start of the year with revenue increasing strongly. The positive impact of the changes in our membership structure are becoming clearly visible.

There has been a strong demand for the premium memberships in the first quarter. We now see that more than 25% of the joiners are subscribing for this membership type. More than 130,000 friends[1] have already joined our Premium members on their work-outs which is an indicator of the demand for working out together. Although this limits the growth of individual memberships, it does have a clear positive effect on revenue.

In the first quarter we increased our network by 22 clubs of which 13 in March. Our club openings pipeline remains well-filled and we remain confident to grow our network by around 125 clubs in 2019.”


[1] With a Premium membership, members can bring someone along for free each time they visit a club.


tijd 09.31
De Midcap 820,93 -2,94 -0,36% Basic Fit EUR 31,10 -55ct vol. 23.615