Report
Robert Jan Vos

Basic-Fit N.V. : Q3 2023 broadly in line with our estimates; memberships below consensus

>Revenue and memberships a notch below our forecasts - Basic-Fit reported net sales of € 765m, 1,376 clubs, 3.71m memberships, and a yield (average monthly revenue per membership) of € 23.28 at 9M 2023. Revenue and memberships came in a notch (less than 1%) lower than our forecasts. Some might argue that memberships were particularly disappointing because the number of clubs was higher (+1%) than expected. However, most of the 73 new clubs were opened in September, im...
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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