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Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos
22 Apr 2021 . BY Tom Walker
The continued gym closures across Europe meant that Basic-Fit's revenues were just €37m during the quarter / Basic-Fit
The current period of club closures in our larger markets are lasting longer than expected and we believe also longer than needed
– 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.

The closures across Europe meant that the company recorded revenues of just €37m during the quarter, down from €137.5m in Q1 2020.

The group said it has €142m liquidity available at the end of the quarter.

Announcing the figures, René Moos, Basic-Fit CEO, criticised European governments for keeping gyms in lockdown, despite the sector's safety measures and the proven benefits of physical activity in the fight against COVID-19.

“The current period of club closures in our primary markets are lasting longer than expected and we believe also longer than needed," Moos said.

"While we all know that being fit and active helps to strengthen people’s immune system, this received little attention from the governments and policymakers in these countries.

"With our online reservation system, we are able to manage the flow of people to our clubs and the number of people in our clubs at any given time.

"This in combination with clear signage in the club ensures that social distancing can be maintained.

"In addition, our large clubs are equipped with optimised ventilation systems and we can, therefore, reopen our clubs and offer our members a safe place to work out.

"We proved this last year when we had more than 30 million visits without any reported outbreaks of COVID-19.

"The good news is that due to the vaccination programmes we're getting closer to the reopening of the economy and our clubs. In the coming months we expect to be able to reopen our clubs; first in the Netherlands on 11 May, followed by Belgium and France soon thereafter.

"We are ready to welcome our members back to our clubs and welcome all those new joiners who are eager to become active again and work on their fitness after all these inactive months.”

Basic-Fit also revealed that it had raised €204m through selling shares, as a way of financing growth opportunities once its gyms reopen.

The sale saw 6 million ordinary shares being placed at a price of €34 – a discount of 3.7 per cent to the closing price of €35.32 – and represented 10 per cent of the existing issued ordinary share capital of Basic-Fit.
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Jobs   News   Products   Magazine
PRODUCT NEWS
Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos
22 Apr 2021 . BY Tom Walker
The continued gym closures across Europe meant that Basic-Fit's revenues were just €37m during the quarter / Basic-Fit
The current period of club closures in our larger markets are lasting longer than expected and we believe also longer than needed
– 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.

The closures across Europe meant that the company recorded revenues of just €37m during the quarter, down from €137.5m in Q1 2020.

The group said it has €142m liquidity available at the end of the quarter.

Announcing the figures, René Moos, Basic-Fit CEO, criticised European governments for keeping gyms in lockdown, despite the sector's safety measures and the proven benefits of physical activity in the fight against COVID-19.

“The current period of club closures in our primary markets are lasting longer than expected and we believe also longer than needed," Moos said.

"While we all know that being fit and active helps to strengthen people’s immune system, this received little attention from the governments and policymakers in these countries.

"With our online reservation system, we are able to manage the flow of people to our clubs and the number of people in our clubs at any given time.

"This in combination with clear signage in the club ensures that social distancing can be maintained.

"In addition, our large clubs are equipped with optimised ventilation systems and we can, therefore, reopen our clubs and offer our members a safe place to work out.

"We proved this last year when we had more than 30 million visits without any reported outbreaks of COVID-19.

"The good news is that due to the vaccination programmes we're getting closer to the reopening of the economy and our clubs. In the coming months we expect to be able to reopen our clubs; first in the Netherlands on 11 May, followed by Belgium and France soon thereafter.

"We are ready to welcome our members back to our clubs and welcome all those new joiners who are eager to become active again and work on their fitness after all these inactive months.”

Basic-Fit also revealed that it had raised €204m through selling shares, as a way of financing growth opportunities once its gyms reopen.

The sale saw 6 million ordinary shares being placed at a price of €34 – a discount of 3.7 per cent to the closing price of €35.32 – and represented 10 per cent of the existing issued ordinary share capital of Basic-Fit.
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Leisure centres open their doors for free in aid of Armed Forces Day
Service men and women across the country are being invited to get active for free at Everyone Active centres in celebration of Armed Forces Day.
More digital for the restart of fitness clubs
After months of lockdown, people all over the world are returning to the gym with great enthusiasm. They are doing it rapidly and with an unprecedented digital awareness, gained over the past year.
FunXtion enhance interactive workouts with the launch of Virtual Player
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Eleiko to build state-of-the-art logistics centre in Halmstad
Eleiko, a leading manufacturer and supplier of strength equipment, is set to build a new 18,000 sqm state-of-the-art logistics centre expanding its footprint in Halmstad, Sweden.
Feel better for longer with Power Plate
Aligning fitness and healthcare as part of the wider health and wellbeing needs of the ageing population has never been more important.
Is broken gym equipment killing your business potential?
You’re pumped and ready for your workout. Then you see it, the dreaded ‘out of order’ signs hanging from treadmills, weight machines or cross-trainers.
Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
Celebrating the return of group exercise – Les Mills to host free ‘Fastest Way Back’ livestream event for the industry
Last month (May) saw the welcomed return of group exercise classes. Group exercise is the heartbeat for so many clubs, with in-studio and instructor-led live experiences at the pinnacle.
Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Active IQ launches two industry-ready health and fitness diplomas
Active IQ has launched two new qualifications – the Level 2 Diploma in Health and Fitness and Level 3 Diploma in Health and Fitness – to help engage learners in an industry-ready training experience that can be tailored to suit local employer needs.
INEOS: The future of hand-sanitising
As gyms begin to reopen, cleanliness and hygiene remain an essential part of ensuring staff and members are confident to return.
Puraclenz launches air purification systems to help spas and gyms instil confidence in returning guests
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Myzone is an innovative heart rate monitor and community engagement tool to track physical activity [more...]
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+ More catalogues  

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+ More directory  
DIARY

 

21-23 Jun 2021

World Spa & Wellness Asia Online Conference

Online,
24-24 Jun 2021

Post Covid Recovery Conference

Vrtual,
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS