Basic-Fit membership numbers up 46 per cent in Q1 2022
Technogym
Technogym
Technogym
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
énergie group
£27,000 - £30,000pa OTE £30k-£33k
Bow, London
Wiltshire Council
£19,264 - £20,043 pro rata
Wiltshire
Aston University
Competitive Salary
Aston, Birmingham
Coach Gyms
Self Employed
Leeds, Yorkshire
star job
RockReef Ltd
Competitive DOE
Bournemouth

Basic-Fit membership numbers up 46 per cent in Q1 2022

Basic-Fit opened a record number of 72 clubs in Q1 of 2022
Compared to Q1 2021 the network grew by 182 clubs, of these 136 are in France
memberships are up 46 per cent – more than 400,000 recorded in Q1 2022
Expansion will bring 20 clubs to Germany in 2022 with long-term target of 600
Job opportunities
Coach Gyms
Self Employed
location: Leeds, Yorkshire, United Kingdom
more jobs
Year to date, we grew our network by 82 clubs, and we are on track to grow our network to 1,250 by the end of this year.
– René Moos, CEO of Basic-Fit

Basic-Fit opened a record number of 72 clubs in the first quarter of 2022. Fifty-five in France, eight in the Netherlands, two in Belgium and seven in Spain, despite closures and restrictions caused by the pandemic.

The operator grew by 182 clubs in 2021, of which 136 are in France. Overall, the network now consists of 1,087 clubs: France, 583; Netherlands, 224; Belgium, 207; Spain, 63; and Luxembourg, 10.

According to the fitness chain’s Q1 trading update, memberships are up 46 per cent year-on-year, and revenue in Q1 of 2022 was €162m against €10.7m in the same period last year.

The figure would have been even higher if it hadn’t been for a two-week COVID-19 shutdown in the Netherlands, during which time Basic-Fit did not collect membership fees. The average revenue per member per month amounted to €21.51 – the same period in 2021 brought in €1.70.

“We recorded a strong increase in memberships of more than 400,000 in the quarter,” said René Moos, CEO of Basic-Fit. “This was achieved while we were still confronted with COVID-19-related government measures in all countries, including two weeks of lockdown in the Netherlands.

“Year to date, we grew our network by 82 clubs, and we are on track to grow to 1,250 by the end of this year. We expect to grow the number of memberships by at least 1m following this strong first quarter. We're currently working hard, preparing for the rollout in Germany in the second half of this year.”

In 2021, Moos pledged to grow the Basic-Fit network to 2,000 clubs by 2025 and between 3,000 and 3,500 clubs by 2030. The realisation of this goal is underpinned by expansion into German territories.

Construction of primary locations in Germany is planned to start in 2022, with the goal of opening 20 clubs by the end of the year and in the longer term 600 clubs across the country.

"In the second quarter of 2022, we will start with the construction of the first clubs in Germany and expect to open the first ones in the second half of this year,” said Moos. “In total, we expect to be able to open 600 clubs in Germany in the coming years.”

So far 2022’s results demonstrate a strong recovery for Basic-Fit, which expects revenue for the year to hit somewhere between €800m to €850m, with an underlying EBITDA of around €240m. This is in strong contrast to 2021 where revenues were €341m with an EBITDA of €31.6m (2020 brought €93.8m).

According to Moos, the available liquidity at the end of March 2022 is €209m, compared with €428m in 2021.

Sign up for FREE ezines, news alerts & magazines
Basic-Fit opened a record number of 72 clubs in the first quarter of 2022. Fifty-five in France, eight in the Netherlands, two in Belgium and seven in Spain, despite closures and restrictions caused by the pandemic.
PTS,HAF,FIT,PHR
2022/THUMB349446_675517_774601.jpg

More News

1 - 15 of 43,662
25 May 2022
The Gym Group’s (TGG) plans and profit forecasts were presented to analysts and investors during the company’s recent Capital Markets Day. The event was led ... More
23 May 2022
A new physical activity programme called Big Sister has been launched in the UK to help girls embrace activity during puberty and reduce the rising ... More
21 May 2022
Go Fit has been selected by the United Nations Economic Commission for Europe (UNECE) as an example of best practice for public–private partnership collaboration (PPP). ... More
19 May 2022
Ness, a US startup that is developing a range of wellness-driven credit cards, has launched its first product, the Ness Rewards app, with longer-term plans ... More
19 May 2022
Following a history of supporting US military and service members, F45 has announced a new initiative called F45 After, which offers US military personnel exclusive ... More
19 May 2022
Scruffy Dog Creative Group and Simtec Systems have partnered to launch a new immersive trackless dark ride featuring the popular Mattel IP, Fisher-Price. The ride's ... More
ukactive
ukactive
18 May 2022
Hyatt is piloting private gyms in five of its US hotels as part of its Stay Fit Private Fitness programme. The exercise spaces are located ... More
17 May 2022
A young girl has died following an incident at the David Lloyd gym at Capability Green, Luton. According to the BBC, police were called to ... More
17 May 2022
New fitness franchise, Circuit Society, has signed its first London location in Bayswater. The 3,000sq ft (280sq m) micro-gym, run by franchisee Liz Benjamin, will ... More
16 May 2022
Active Nottingham, part of Nottingham City Council, has released a children’s book called Can We Splash? to encourage more parents to take children swimming. The ... More
13 May 2022
The new £42m Moorways Sports Village will open its doors to the public on Saturday 21 May. The community-focused development is the result of a ... More
11 May 2022
Fitness industry veteran Harm Tegelaars has returned to the fitness industry by joining the board of directors at Hussle. Tegelaars founded the Cannons Group in ... More
Fitness On Demand
Fitness On Demand
11 May 2022
Planet Fitness saw its Q1 2022 revenue increase by 66.9 per cent (to US$186.7m) on 2021 – the latest sign that the US fitness market ... More
10 May 2022
Sport England and UK Active have signed a five-year partnership agreement which will see the two organisations tackle inequalities within the sport and physical activity ... More
10 May 2022
Planet Fitness is offering high-school students free access to any of its 2,200 locations in the US and Canada from 16 May to 31 August. ... More
1 - 15 of 43,662
Technogym
Technogym