Basic-Fit N.V. : Memberships ultimately the main driver for cash generation
>Sales in line, results weak, but membership growth strong in H1 2022 - Basic-Fit’s H1 2022 revenue was in line with our forecast. However, the results came in lower than expected as throughout the P&L, operating costs (i.e., personnel, other costs) were higher than forecasts. Membership growth came in strong though, particularly considering this was achieved despite slightly fewer club openings than we had forecast. In the Netherlands and France, memberships in matur...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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