Until the end of September, Basic-Fit opened 78 clubs and closed 4 clubs, resulting in an increase of its network by 74 clubs to 493 clubs. The majority of the net new club openings were in France (62), six in Belgium, three in the Netherlands, two in Spain and one in Luxembourg. Since its IPO in mid 2016 the company has grown by almost 150 clubs.

Rene Moos, CEO Basic-Fit commented "We had again a very strong quarter in which the number of club openings and the pipeline developed in line with the club roll-out plan. Also, the increase in memberships was robust and increased by 108 thousand in the quarter to nearly 1.5 million. We remain confident to grow our network by around 100 clubs in 2017."

With 493 clubs, Basic-Fit is one of the largest fitness operator in Europe. The company operates a straightforward membership model and offers a high-quality, value-for-money fitness experience in five countries. A typical subscription costs EUR 19.99 and gives people access to all our clubs in Europe and a pass which can be shared with family members.

Source: Basic-Fit
Pictures: Basic-Fit