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NEWS
New clubs see Basic-Fit memberships jump 25 per cent in nine months
POSTED 03 Nov 2017 . BY Deven Pamben
The majority of the new club openings were in France

The increase in memberships was robust and increased by 108,000 in the quarter to nearly 1.5m. We remain confident to grow our network by around 100 clubs in 2017
– René Moos, chief executive of Basic-Fit
Increased memberships from club openings have helped boost revenues at Europe’s largest fitness operator, Basic-Fit.

In its Q3 trading update, the business reported that in the nine months to the end of September, membership numbers rose 25 per cent year on year, to 1.47m.

This helped revenues increase 26 per cent year on year, to €238m (US$277.7m, £211.8m) from €189m (US$220.5m, £168.2m) in 2016.

The rise in membership numbers and revenues is a result of club openings. In the first three quarters of 2017, the brand opened 78 clubs and closed four, taking its total number of sites to 493.

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.

Commenting on the third quarter results, René Moos, Basic-Fit chief executive, said: “We had again a very strong quarter in which the number of club openings and the pipeline developed in line with the club rollout plan.

“Also, the increase in memberships was robust and increased by 108,000 in the quarter to nearly 1.5m. We remain confident to grow our network by around 100 clubs in 2017.”
RELATED STORIES
  Basic-Fit on track to open 100 gyms this year


European low-cost gym chain Basic-Fit is on target to open 100 clubs this year after it reported revenue growth of 26 per cent in the first six months of 2017 to €156m (US$183.2m, £142.1m), up from €124m (US$145.6m, £113m) during the same period in 2016.
  Basic-Fit and TomTom join forces to improve physical activity insight


Low-cost European fitness operator Basic-Fit has teamed up with TomTom in a deal that will see personal trainers use wearables to help provide gym members better physical activity advice.
  Basic-Fit to replace van der Vis with new chairman


Ronald van der Vis, chairman of low-cost European fitness firm Basic-Fit, will step down next month and be replaced by Cornelis van der Graaf.
  The €1bn gym chain: Basic-Fit floats on stock market


Basic-Fit enjoyed a bumpy start to life on the Amsterdam Stock Exchange today (10 June) as shares slid by three per cent in early trading.
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Jobs    News   Products   Magazine
NEWS
New clubs see Basic-Fit memberships jump 25 per cent in nine months
POSTED 03 Nov 2017 . BY Deven Pamben
The majority of the new club openings were in France
The increase in memberships was robust and increased by 108,000 in the quarter to nearly 1.5m. We remain confident to grow our network by around 100 clubs in 2017
– René Moos, chief executive of Basic-Fit
Increased memberships from club openings have helped boost revenues at Europe’s largest fitness operator, Basic-Fit.

In its Q3 trading update, the business reported that in the nine months to the end of September, membership numbers rose 25 per cent year on year, to 1.47m.

This helped revenues increase 26 per cent year on year, to €238m (US$277.7m, £211.8m) from €189m (US$220.5m, £168.2m) in 2016.

The rise in membership numbers and revenues is a result of club openings. In the first three quarters of 2017, the brand opened 78 clubs and closed four, taking its total number of sites to 493.

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.

Commenting on the third quarter results, René Moos, Basic-Fit chief executive, said: “We had again a very strong quarter in which the number of club openings and the pipeline developed in line with the club rollout plan.

“Also, the increase in memberships was robust and increased by 108,000 in the quarter to nearly 1.5m. We remain confident to grow our network by around 100 clubs in 2017.”
RELATED STORIES
Basic-Fit on track to open 100 gyms this year


European low-cost gym chain Basic-Fit is on target to open 100 clubs this year after it reported revenue growth of 26 per cent in the first six months of 2017 to €156m (US$183.2m, £142.1m), up from €124m (US$145.6m, £113m) during the same period in 2016.
Basic-Fit and TomTom join forces to improve physical activity insight


Low-cost European fitness operator Basic-Fit has teamed up with TomTom in a deal that will see personal trainers use wearables to help provide gym members better physical activity advice.
Basic-Fit to replace van der Vis with new chairman


Ronald van der Vis, chairman of low-cost European fitness firm Basic-Fit, will step down next month and be replaced by Cornelis van der Graaf.
The €1bn gym chain: Basic-Fit floats on stock market


Basic-Fit enjoyed a bumpy start to life on the Amsterdam Stock Exchange today (10 June) as shares slid by three per cent in early trading.
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World Firefighters Games creates new opportunities for collaboration with the fitness sector
Italian Exhibition Group – the organiser behind industry events Dubai Active and Dubai Muscle Show – has been appointed to deliver the Health and Wellness Expo and Fire and Safety Expo at the 16th World Firefighters Games.
Planet Fitness deal hints at blueprint for global expansion
Private investment company, Franchise Equity Partners, has acquired Bravo Fit, the Planet Fitness franchisee in Australia, from existing shareholders.
Fitness First UK unveils makeover of Highbury club with new recovery and Pilates offerings
Fitness First UK has raised the bar with its latest refurbishment, in Highbury, London, as it continues to premiumise its estate.
Total Fitness research charts the fitness industry’s post-pandemic transformation
It’s been five years since the fitness industry reopened after the last lockdown – long enough to look back on the impact the pandemic had on the sector and what might come next. 
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