Netherlands · Delayed Price · Currency is EUR Basic-Fit Earnings Call Transcripts
Fiscal Year 2026
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A new era focuses on disciplined, high-quality growth through organic expansion, targeted M&A, and franchise rollout, aiming to boost group ROCE to low to mid-teens in 3–5 years. Enhanced operational efficiency, data-driven marketing, and club maturation are set to drive profitability and long-term market leadership.
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Q1 2026 saw 35% club growth and 19% revenue increase year-over-year, with 6 million members and strong expansion in France, Spain, and Germany. EBITDA guidance was raised by EUR 10 million, and regulatory changes in France and VAT postponement in Belgium provide further upside.
Fiscal Year 2025
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Strong 2025 results with 17% revenue growth, 36% membership increase, and positive free cash flow. Clever Fit acquisition expanded the network and integration is underway, with 2026 guidance for higher revenue, EBITDA, and improved cash flow.
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Acquisition of Europe's largest fitness franchise creates immediate market leadership in Germany and expands presence across six new countries. The €160 million deal, with a potential €50 million earnout, is expected to deliver significant synergies and accelerate pan-European growth.
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Membership and revenue surged in the first nine months of 2025, with strong growth in France and Spain and a 60% year-over-year revenue increase. The company remains on track for its 2025 guidance and is focused on reducing leverage and enhancing member experience.
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Strong year-over-year growth in revenue, memberships, and EBITDA less rent, with 53 net new clubs opened and robust expansion in France and Spain. On track to meet 2025 guidance, with positive cash flow and leverage reduction expected.
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Q1 2025 saw 17% revenue growth and a 10% rise in memberships, driven by strong expansion in France and Spain. Guidance for 2025 is reaffirmed, with 100 new clubs targeted and robust liquidity secured through a €200 million credit facility.
Fiscal Year 2024
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2024 saw double-digit growth in clubs, members, and revenue, with net profit turning positive and strong cash flow supporting a EUR 40 million share buyback. Expansion will slow to 100 new clubs per year, with a focus on capital efficiency and franchise development, while leverage is set to fall below 2x by 2026.
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Strong year-over-year growth in revenue, membership, and club network, with Spain leading expansion. Guidance for 2024 is reiterated, with a slight reduction in yield offset by higher membership. Franchise expansion outside Europe and stable bad debt levels noted.
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Strong H1 2024 results with 17% revenue growth, 26% higher underlying EBITDA less rent, and a 13% increase in membership. Club network expanded to 1,537, with Spain and Germany as key growth markets. Full-year guidance and robust outlook maintained.