Report
Robert Jan Vos

Basic-Fit N.V. : Flex and relax

>Short-term developments fell short, but long-term model fully valid - The delay in club openings and management’s misjudged extrapolation of membership growth trends post COVID-19 into H2 2022 do not improve confidence in management, in our view. That said, Basic-Fit stuck to its long-term goals, and we conclude that the pipeline for new clubs is well-filled, and that the ramp-up of clubs towards mature membership levels remains on a healthy path. Furthermore, the ta...
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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Robert Jan Vos

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