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Basic-Fit grows its membership base by 10 per cent in Q3
POSTED 29 Oct 2021 . BY Tom Walker
The number of Basic-Fit members increased by 10 per cent during the third quarter of 2021 Credit: Basic-Fit
Basic-Fit further recovered and grew its membership levels in Q3
The recovery was driven by a return to 'normality', following the easing of lockdown restrictions
As from 9 June 2021, all of Basic-Fit's clubs have been open
The operator also remains on track to reach the 1,250 club mark by the end of 2022
A return to 'normality' following the easing of lockdown restrictions has enabled European fitness giant Basic-Fit further recover and grow its membership levels.

As from 9 June 2021, all of Basic-Fit's clubs have been open and most restrictions in the countries it operates have been lifted.

As a result, the number of memberships during the third quarter of 2021 increased by 10 per cent – or by 200,000 members – from 2.01 to 2.21 million.

The only restrictions that currently impact the operators' clubs are the introduction of pass sanitaire (or "COVID-19 passports") to access fitness clubs in France and in parts of Belgium.

Rene Moos, basic-Fit CEO, said: "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 club mark by the end of 2022."

Publishing its Q3 2021 results, the operator also said revenue reached €133 million during the quarter, almost similar to the same period last year, while there is currently €428m available liquidity in the business.
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  Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos


Basic-Fit lost 10 per cent of its members during Q1 2021, as 94 per cent of its clubs remained closed due to government measures.
  Rene Moos: 2020 Basic-Fit's 'toughest year', but outlook is encouraging


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NEWS
Basic-Fit grows its membership base by 10 per cent in Q3
POSTED 29 Oct 2021 . BY Tom Walker
The number of Basic-Fit members increased by 10 per cent during the third quarter of 2021 Credit: Basic-Fit
Basic-Fit further recovered and grew its membership levels in Q3
The recovery was driven by a return to 'normality', following the easing of lockdown restrictions
As from 9 June 2021, all of Basic-Fit's clubs have been open
The operator also remains on track to reach the 1,250 club mark by the end of 2022
A return to 'normality' following the easing of lockdown restrictions has enabled European fitness giant Basic-Fit further recover and grow its membership levels.

As from 9 June 2021, all of Basic-Fit's clubs have been open and most restrictions in the countries it operates have been lifted.

As a result, the number of memberships during the third quarter of 2021 increased by 10 per cent – or by 200,000 members – from 2.01 to 2.21 million.

The only restrictions that currently impact the operators' clubs are the introduction of pass sanitaire (or "COVID-19 passports") to access fitness clubs in France and in parts of Belgium.

Rene Moos, basic-Fit CEO, said: "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 club mark by the end of 2022."

Publishing its Q3 2021 results, the operator also said revenue reached €133 million during the quarter, almost similar to the same period last year, while there is currently €428m available liquidity in the business.
RELATED STORIES
Basic-Fit reaches 1,000 club milestone – plans 250 new clubs by end of 2022


Basic-Fit has officially opened its 1,000th club, with the launch of a new site in the Dutch city of Tilburg.
Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos


Basic-Fit lost 10 per cent of its members during Q1 2021, as 94 per cent of its clubs remained closed due to government measures.
Rene Moos: 2020 Basic-Fit's 'toughest year', but outlook is encouraging


Rene Moos, CEO of European health club giant Basic-Fit, has described 2020 as the most difficult faced by the group – but remains positive about the outlook for the fitness industry.
Rene Moos: 2020 Basic-Fit's 'toughest year', but outlook is encouraging


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