Basic-Fit N.V. : Growth ambitions increased further, eyeing close to 1,500 clubs in 2023
>With clubs closed 81% of the time, H1 2021 of limited relevance - Basic-Fit’s clubs were closed for 81% of the time during H1 2021, and this obviously impacted the group’s H1 2021 significantly. That said, revenue, EBIT(DA) and net profit came in below our estimates (there was no consensus available for H1 2021). The number of clubs stood at 973 at H1 2021, in line with company guidance. Memberships were lower than expected, but Basic-Fit reported a 15% ramp-up in me...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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