Basic-Fit N.V. : Liquidity sufficient, and Planet Fitness no immediate threat
>Liquidity of € 215m at end-2023 sufficient for Basic-Fit’s growth plans - In its 2023 results update (14 March), Basic-Fit reported € 215m in liquidity as at end-2023. At the time, we concluded this was sufficient for Basic-Fit’s growth plans in 2024. However, post the results update, our discussions with several investors revealed there was concern about this level of liquidity. Some suggested it may be too low and that additional liquidity was needed. In this note,...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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