In the first nine months of 2021 Basic-Fit increased its club network by 90 clubs to 995 (95 openings and 5 closures). At the end of September, it operated 511 clubs in France, 216 in the Netherlands, 205 in Belgium, 53 in Spain and 10 in Luxembourg. At the end of September 2021, the company had 2.21 million memberships which is a 10% increase compared to the end of June 2021 when it reported 2.01 million memberships. Compared to the same period last year our membership base decreased by 2% due to the longer period of club closures (Q3 2020: 2.25 million). Basic-Fit enjoyed a relatively strong summer period, with small net membership gains in the typically slow months of July and August. The month of September turned out to be our second-best month ever in terms of joiner rates with more than 250 thousand joiners.

In the third quarter of 2021, revenue of EURm 132.7 was almost similar to that in the same period in 2020 (EURm 136.4). Both segments, Benelux and France & Spain recorded revenue in line with last year. The small year on year decrease in the third quarter of 2021 reflects the lower number of memberships at the start of the period which was nearly fully mitigated by a higher revenue per member in the period.

Rene Moos, CEO of Basic-Fit, comments: “The third quarter was the first quarter in two years’ time in which all our clubs were open. The recovery of the membership base after the reopening of our clubs continued despite the pass sanitaire in France, which has a negative effect both on joiner numbers and cancellations. The net increase of our membership base by 200,000 in the quarter is a great achievement. The positive development of our membership base and the increased vaccination rates in our countries give us further confidence to continue with our accelerated club rollout plans. Early October we reached an important milestone with the opening of our 1,000th club. We remain on track to reach the 1,250 clubs mark by the end of 2022”.

Source: Basic-Fit
Picture: Basic-Fit