Operational and financial measures implemented to ensure solid position after the COVID-19 crisis
Hoofddorp, 22 April 2020 – Basic-Fit N.V. (Basic-Fit), Europe’s largest and fastest growing fitness chain, provides a trading update on the developments in the first quarter of 2020 and recent events in light of the circumstances following the COVID-19 outbreak.

BASIC-FIT UPDATES THE MARKET ON Q1 2020 DEVELOPMENTS AND RECENT EVENTS
Operational and financial measures implemented to ensure solid position after the
COVID-19 crisis
Hoofddorp, 22 April 2020 – Basic-Fit N.V. (Basic-Fit), Europe’s largest and fastest growing fitness
chain, provides a trading update on the developments in the first quarter of 2020 and recent
events in light of the circumstances following the COVID-19 outbreak.
THREE MONTHS HIGHLIGHTS
Revenue increased by 15% year on year to €137.5 million (Q1 2019: €119.4 million)
Number of memberships increased by 18% year on year to 2.32 million (Q1 2019: 1.96
million)
Number of clubs in the network increased by 44 in Q1 to 828 clubs, a record 177 increase
year on year (Q1 2019: 651clubs)
RECENT EVENTS
Following the decisions by the different governments in our countries, Basic-Fit has
temporarily closed all its clubs of mid-March
Measures taken to minimise cash outflow to maximum of around €15 million per month
o Operating costs reduced by around 65%
o Expansion and maintenance capex put on hold
o Strong support from business partners and members
75% of our members paid membership fees for March and April and will be compensated
based on their preferred compensation option
All employees continue to be retained; utilizing the facilities provided by the national
governments to assist companies through the crisis
Agreement on €40 million additional financing and in process of obtaining an additional €60
million in government backed financing
REVENUE DEVELOPMENT
While all clubs have been closed since mid-March, our revenue grew strongly in the first two
months of 2020. Over the first three months of 2020, Basic-Fit reported revenue of €137.5
million. This is an increase of 15% compared to the €119.4 million in the same period in 2019.
The increase is explained by the increase in fitness revenue (up 15% to €134.0 million) and
higher other revenue (up 13% to €3.5 million). The increase in fitness revenue is explained by an
18% increase in memberships. At the same time, the average revenue per member per month was 3% lower at €19.67, due to the compensation that we are giving to our members for the
closure of our clubs after the COVID-19 outbreak. The closure of clubs led to a full stop of
partner revenue and revenues from vending machines in our clubs, explaining the limited
growth of other revenue.


While all clubs have been closed since mid-March, our revenue grew strongly in the first two months of 2020. Over the first three months of 2020, Basic-Fit reported revenue of €137.5 million. This is an increase of 15% compared to the €119.4 million in the same period in 2019. The increase is explained by the increase in fitness revenue (up 15% to €134.0 million) and higher other revenue (up 13% to €3.5 million). The increase in fitness revenue is explained by an 18% increase in memberships. At the same time, the average revenue per member per month was 3% lower at €19.67, due to the compensation that we are giving to our members for the closure of our clubs after the COVID-19 outbreak. The closure of clubs led to a full stop of partner revenue and revenues from vending machines in our clubs, explaining the limited growth of other revenue.

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