FIRST NINE MONTHS HIGHLIGHTS
Group revenue increased by 22% year on year to €291 million (YTD 2017: €238 million)
Number of memberships increased by 21% year on year to 1.78 million (YTD 2017: 1.47 million)
Number of clubs increased by 65 year to date to 586 clubs, an increase of 93 clubs compared to a year ago (YTD 2017: 493 clubs)
On track to open at least 100 clubs in 2018
Total number of memberships to grow by around 23% (YE 2017: 1.52 million)
Basic-Fit reported revenue of €291.5 million over the first nine months of 2018, an increase of 22% compared to the €238.4 million in the same period in 2017. This is explained by the increase in memberships (up 21% to 1.78 million) and higher other revenue (up 39% to €7.1 million), which were partly offset by a 1% lower average revenue per member per month (due to the larger stake of France with a 20% VAT rate) and a €0.9 million non-cash negative impact of IFRS 15.
Rene Moos, CEO Basic-Fit:
“Basic-Fit had another strong quarter. In September we started to advertise nationally in France to further strengthen our brand and brand positioning. Overall the number of memberships increased by 21% compared to a year ago. This is an excellent result in light of the 19% increase in clubs.
At the end of September, we had 41 clubs under construction, which are all expected to open in the fourth quarter. We are on track to open at least 100 clubs in 2018 and continue to execute our ambitious growth strategy.”
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