Basic-Fit N.V. : Busy Basic-Fit reported Q1 2021, hosted its AGM and raised € 200m
>Q1 2021 sales and members below our expectations - With 94% of its clubs closed due to government Corona virus measures, Basic-Fit’s Q1 2021 revenues declined to € 10.7m, below our € 15-20m indication. According to Basic-Fit, the decrease reflects the temporary club closures in its three largest markets, the Netherlands, Belgium, and France. With a few temporary exceptions, all its 45 clubs in Spain were allowed to stay open during Q1 2021, while the 10 clubs in Luxe...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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