Degroof Petercam - Basic-Fit NV (BFIT) Basic-Fit - No membership growth but in line with CSS

Report

Degroof Petercam

Kris Kippers

Basic-Fit - No membership growth but in line with CSS

H1 witnessed stalling membership growth but sales continued to increaseCost inflation impacts H1 but this ought to improve in H2. For 2024-2025, the renegotiated energy contracts provide some cost inflation relief as wellLeverage remains high and limited available cash entails focus on cash flow generation to continue

25/07/2023 1 EN

Underlying

Basic-Fit NV

Basic-Fit NV is an operator of fitness centers based in the Netherlands. The Company operates more than 350 fitness clubs in the Netherlands, Belgium, France and Spain.

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NL0011872650 Euronext Amsterdam Netherlands

Provider

Degroof Petercam

We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

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Analysts

Kris Kippers

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