Basic-Fit reiterates guidance as membership growth continues

Investing.com — Basic Fit NV (AS:BFIT) on Wednesday reported third quarter revenue of €417 million, up 17% YoY and 1% above analyst consensus of €411 million, as the European fitness operator reiterated its full-year 2026 guidance.

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The company’s owned club memberships increased 15% YoY to 5.42 million, while average memberships per Basic-Fit branded club rose to 3,035, up from 2,902 at the start of the year. This represents progress toward the company’s medium-term target of 3,200 members per club. Average revenue per member per month increased to €25.64 from €25.28 in the same period last year.

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For the first nine months of 2026, revenue increased 18% YoY to €1.217 billion. The company maintained its full-year revenue guidance of €1.64 billion to €1.69 billion, with the midpoint of €1.665 billion slightly below the analyst consensus of €1.670 billion. Basic-Fit also reiterated its underlying EBITDA less rent guidance of €430 million to €460 million, with the midpoint of €445 million below the consensus of €448 million.

“In the third quarter, we saw the strong membership trend continue,” said CEO Rene Moos. “With an increase of 133 members per club on average year to date, we are making strong progress towards our medium-term target of 3,200 members per club.”

The company’s owned club network expanded by 93 clubs in the first nine months to 1,809, already achieving its full-year target of approximately 50 net Basic-Fit owned club openings. The German network increased by 84 clubs YoY to 127, driven by acquisitions including 41 wellyou clubs acquired in July.

Basic-Fit expects to convert 49 acquired wellyou and Kraftwerk clubs in Germany to the Basic-Fit format by early 2027, and 51 clubs in Austria by summer 2027. The company also expects a significant improvement in positive free cash flow in 2026 from €26.1 million in 2025, with leverage declining to just over 2.0 times.

Original Article

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