Basic-Fit - Results in line, prudent club growth outlook
2023 was an erratic year for Basic-Fit but in the end they were able to land in line with market expectationsFor this year, sales expectations are in line with the market but the outlook on total clubs (1,575) is somewhat below consensusResults were in line but leverage (including IFRS 16) remains high and hinders bottom line results. We stick to our Hold rating and EUR 30.3 TPBasic-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.
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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