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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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fibodo believes that providers who meet consumers needs of service, flexibility, richness of content and accessibility will thrive as we build new and different models of working in leisure, health and fitness and across all sports and activities.
Integrated workout solutions will underpin gyms' recovery, says Les Mills’ Martin Franklin
The UK has spent most of the year in lockdown but finally, clubs are beginning to see their fitness communities open back up, with indoor group exercise not far behind.
Red light therapy improves sleep, aids recovery and enhances focus
Offering red light therapy to your members can create a valuable source of secondary spend, while also supporting them with their recovery and delivering improvements to mobility, circulation and muscle soreness.
Smartech brings the Power Plate experience to Selfridges
Smartech, the destination for innovation in exclusive partnership with the best department stores around the globe, has chosen Power Plate to boost its range of health and fitness products.
Connect for success with Precor
Members are returning post-lockdown expecting a fully integrated service, meaning digital connectivity has never been more important.
Marc Jones joins Fitronics in new head of commercial role
Marc Jones has joined Fitronics, the company behind The Retention People (TRP) and CoursePro, in a newly created role of Head of Commercial.
iFit: your readymade omnichannel fitness solution
With gyms and leisure centres in England reopened, and the rest of the UK due to shortly follow suit, the time for being theoretical is over.
Engaging smart technology helps gyms and fitness professionals get their leading role back
Safety, quality of service, and member engagement are key in order to offer a unique fitness experience that will boost the re-start.
Core Health & Fitness announce partnership with Oss Fitness in Spain
Core Health & Fitness is pleased to announce it’s signed an exclusive agreement with Oss Fitness for the distribution of its brands in the commercial and residential markets across Spain.
Warriors announce new official supplier agreement with Power Plate UK
As an integral part of the first team's training programme, Power Plate is supporting the Worcester Warriors with access to its full range of vibration training equipment, in order to help the club with performance gains, recovery and the rehabilitation of players.
Bounce back faster with a new risk-free joiner channel
The industry is eagerly awaiting the reopening of health clubs and leisure centres in another year affected by COVID-19, where the only thing that’s been certain is uncertainty.
Precor supports Aneurin Leisure Trust in three-site refurbishment
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+ More directory  
DIARY

 

10-14 May 2021

ISPA Stronger Together Summit

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11-12 May 2021

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The Pine Cliffs Resort, Albufeira, Portugal
+ More diary  
 


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Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS