Average revenue per member €23.28; on track to surpass €23.50 for the full year

FIRST NINE MONTHS HIGHLIGHTS

Revenue increased by 36% to €765 million in first nine months (9M 2022: €563 million)
Number of clubs increased by 19% (up 216) to 1,376 versus a year ago (up 176 year to date)
Number of memberships increased by 18% to 3.71 million (9M 2022: 3.15 million)
Average revenue per member per month increased to €23.28 (9M 2022: €22.50)
At quarter end, Premium memberships accounted for 44% of memberships (Q3 2022: 30%); Premium membership uptake of more than 55%



OUTLOOK

Basic-Fit reiterates outlook for 2023:

Revenue of at least €1 billion
Club network to increase by at least 200 clubs
At least 3.8 million memberships
Average revenue per member per month of at least €23.50
ROIC of mature clubs of well over 30

RENE MOOS, CEO BASIC-FIT

“We had a good start of the post-holiday season with memberships increasing to more than 3.7 million. The growing membership numbers in combination with the further increasing yield per member resulted in a revenue growth of 36% in the first nine months of 2023 compared to the same period last year. The average revenue per member will continue to increase the coming years. For this year we continue to expect an average yield per member of at least €23.50. For 2024 we expect the yield to show a further gradual increase to more than €24.50. The yield increase should more than compensate for cost inflation and contribute to the further improvement of underlying club EBITDA margins.

The majority of the 73 net club openings in the quarter took place in September. This is in line with our adjusted strategy to open new clubs predominantly during the seasonally busier periods. I am proud to mention an outstanding performance of our teams by successfully opening a record 55 new clubs within one single week in September.

We look forward to presenting an update on our strategy and growth plans at our forthcoming Capital Markets Day on 9 November.”

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tijd 15.28
Basic Fit EUR 26.30 -94ct vol. 112.655