- Positive developments disrupted by new COVID-19 measures

FIRST NINE MONTHS HIGHLIGHTS
Number of memberships increased by 6% year on year to 2.25 million (YTD 2019: 2.13 million)
Number of clubs in the network increased to 902; an increase of 118 clubs year to date and 150 clubs year on year (YTD 2019: 752 clubs)
Revenue decreased by 14% year on year to €318 million (YTD 2019: €372 million)
RECENT DEVELOPMENTS
353 of our French clubs and 109 of our Belgian clubs have been temporary closed as a result of government measures
446 clubs in the Netherlands, Belgium, Luxembourg, France and Spain are open
René Moos, CEO Basic-Fit:
“Following the reopening of our clubs in June and July we saw a strong membership development, until the resurgence of COVID-19 and subsequent club closures in France in the second half of September.

Since the reopening of our clubs in June and July, we have applied strict hygiene protocols and have had more than 30 million visits in our clubs of which 15 million in France without any reported outbreak of COVID-19. The absence of clusters of COVID-19 has also been seen throughout the industry which has helped governments to apply intelligent and more granular measures than during the first wave.

We will continue to apply strict hygiene protocols and cooperate with (local) governments to battle COVID-19 and at the same time enable as many people as possible to continue to work on their fitness and strengthen their immune system.
Due to the continued uncertainties regarding COVID-19 and potential further government measures, we have decided to postpone the construction of additional new clubs for the time being. The clubs that are currently in an advanced stage of construction will be finished in the coming months. We expect to end the year with 913 clubs in our network.

We continue to expect to reach our medium-term club target of 1,250 clubs by 2022. We have a strong financial position with approximately €170 million liquidity. In light of the current uncertainties regarding the development of COVID-19 we will be particularly focusing on cost control and cash flow management in the short-term. Once COVID-19 is under control we will be optimally positioned to further strengthen our leading position in the European fitness market.”

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tijd 09.02
De Midcap 817,40 -10,01 -1,21% Basic Fit EUR 20,95 -1,60 vol. 54.113

Een te duur fonds.(red.).