Continued strong growth in revenue and memberships
FIRST NINE MONTHS HIGHLIGHTS
Revenue increased by 27% year on year to €371.5 million (YTD 2018: €291.5 million)
Number of clubs in the network increased to 752; an increase of 123 clubs year to date and 166 clubs year on year (YTD 2018: 586 clubs)
Number of memberships increased by 20% year on year to 2.13 million (YTD 2018: 1.78 million)
Average revenue per member per month increased by 6% to €20.24 (YTD 2018: €19.14)
Basic-Fit reported revenue of €371.5 million over the first nine months of 2019, an increase of 27% compared to the €291.5 million in the same period in 2018. This is the result of the increases in fitness revenue (up 27% to €361.7 million) and other revenue (up 37% to €9.8 million). The strong fitness revenue growth is explained by a 20% increase in memberships and a 6% increase in average revenue per member per month to €20.24.
Rene Moos, CEO Basic-Fit:
“The revenue growth was very strong in the period, supported by the new membership structure that we introduced at the end of last year. The great value that we offer with our Premium membership is clearly appreciated by our new members. The percentage of joiners that select the Premium membership has further increased to 30%; 14% of our base now has this membership.
We maintained the fast pace of club rollout and the club openings pipeline continues to be well-filled. We are therefore confident that we will grow our network by around 155 clubs this year.”
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