Basic-Fit N.V. : Getting back to basics despite uncertain geopolitical environment
>With clubs closed for 36% of the year, 2021 results of limited relevance - Basic-Fit’s clubs were closed for 36% of 2021, only a small improvement compared with the 41% of 2020. Hence, both Basic-Fit’s results, as well as the non-IFRS numbers such as club EBITDA, underlying club EBITDA, underlying EBIT(DA) and underlying net results, are of limited relevance for analysing the group’s business model, in our view. Basic-Fit ended the year with 1,015 clubs (as expected...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.
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.
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