NEWS
Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos
POSTED 22 Apr 2021 . BY Tom Walker
The continued gym closures across Europe meant that Basic-Fit's revenues were just €37m during the quarter Credit: 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.
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos...
08 May 2021 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

22 Apr 2021

Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos
BY Tom Walker

The continued gym closures across Europe meant that Basic-Fit's revenues were just €37m during the quarter

The continued gym closures across Europe meant that Basic-Fit's revenues were just €37m during the quarter
photo: Basic-Fit

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.



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Sha debuts new programme to support long-COVID recovery
Sha debuts new programme to support long-COVID recovery   07 May 2021

Sha Wellness Clinic's latest programme targets those suffering with long-term symptoms of COVID-19 – a syndrome clinically referred to as long-COVID. .... more>>
Iceland's new Sky Lagoon has been inspired by indigenous bathing culture
Iceland's new Sky Lagoon has been inspired by indigenous bathing culture   06 May 2021

Attractions and hospitality brand Pursuit has launched Sky Lagoon, a relaxing and restorative geothermal retreat just outside of Reykjavik, situated .... more>>
Cancer patients to be prescribed exercise as part of new approach
Cancer patients to be prescribed exercise as part of new approach   05 May 2021

A new pioneering approach looks to help cancer patients prepare for and respond to treatment by offering them a combination of exercise, nutrition and .... more>>
Peloton agrees deal with consumer safety agency for recall of treadmills following death of child
Peloton agrees deal with consumer safety agency for recall of treadmills following death of child   05 May 2021

Peloton is recalling all of its Tread and Tread+ machines in the US, after striking a deal with the US Consumer Product Safety Commission (CPSC). .... more>>
Ken Campling says Bannatyne is repositioning as a wellness provider – locations with spas are 'much more profitable'
Ken Campling says Bannatyne is repositioning as a wellness provider – locations with spas are 'much more profitable'   05 May 2021

Health club operator Bannatyne is repositioning itself as a wellness provider, as it looks to bounce back from the effects of the pandemic lockdowns. .... more>>
Wales beats England to group exercise reopening as lockdowns ease
Wales beats England to group exercise reopening as lockdowns ease   04 May 2021

Health clubs and leisure centres in Northern Ireland reopened their doors on Friday 30 April, with Welsh facilities welcoming exercisers from today (4 .... more>>
Company profile


Safe Space Lockers



View full profile>>

Catalogue gallery


Featured Supplier

Medical Wellness Congress taps industry luminaries for monthly webinar series

Medical Wellness Congress taps industry luminaries for monthly webinar series

The Medical Wellness Congress (MWC) is committed to bringing inspiring insights from the industry’s best and brightest to its real-time event on 28 and 29 June 2021. More>>




in this issue




Latest jobs

Jobs Search



Self Employed Personal Trainer
Salary: Competitive
Location: Scarborough
Company: Everyone Active
Self Employed Personal Trainer
Salary: Competitive
Location: Malton
Company: Everyone Active
Swimming Teacher
Salary: Competitive hourly rate
Location: Scarborough
Company: Everyone Active
Diary dates
Powered by leisurediary.com




10-14 May 2021

ISPA Stronger Together Summit

Virtual Conference, United States



Leisure Management magazine 2018 issue 1
Leisure Management
2018 issue 1

View issue contents
View on turning pages
Download PDF
  Social good: Spice of life
Oomph! founder Ben Allen is bringing variety to residential homes More>>
  Interview: Katy Bowman
In her latest book, the biomechanist and author explains why we need to widen our spectrum of movement and connect with our inner hunter-gatherer More>>


Leisure Management magazine 2016 issue 1

Leisure Management
2016 issue 1

View issue contents
View turning pages
Download PDF
  New opening: Future of leisure
Selby Summit focuses on activity, not sport. Is it a new era for leisure centres? More>>
  Disruption: Rule breakers
Leisure architecture that’s pushing boundaries and upturning expectations More>>


Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd