Basic-Fit N.V. : Reconfirming its growth characteristics; Outperform and TP reiterated
>In-line or better-than-expected performance on key metrics in H1 2024 - Basic-Fit reported clubs, memberships, sales, underlying EBITDA and EBIT in line with or better than our estimates for H1 2024. Moreover, the fitness chain reported a small profit in H1 2024, while we had forecast a small net loss. On an underlying basis, net profit came in at € 13m, which was in line with our expectations. Management mentioned sound membership growth trends in the Benelux and Sp...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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