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BASIC - FIT PRESS RELEASE Q1 2021 TRADING UPDATE BASIC - FIT TRADING UPDATE FIRST THREE MONTHS 2021 FIRST THREE MONTHS HIGHLIGHTS B Number of clubs in the network was unchanged in the quarter at 905 ; an increase of 77 B B B clubs year on year Number of memberships decreased by 10 % in the first quarter to 1.80 million ( Q4 2020 : 2.00 million ) Revenue of € 10.7 million ( Q1 2020 : € 137.5 million ) with 94 % of our clubs being closed due to government measures € 37 million investments in the installation of smart camera systems , club layout improvements , software and new product development and expansion capex B € 142 million liquidity available at quarter end OUTLOOK 2021 B Current government roadmaps indicate possible reopening of our clubs in the Netherlands on 11 May and in Belgium and France shortly thereafter B Our clubs can reopen with strict protocols offering our members a safe place to work out in , B as soon as government measures for fitness clubs are lifted When we have reopened our clubs and have more visibility on the development of COVID- 19 and memberships , we will update the market on our expectations regarding club openings for 2021 and 2022 René Moos , Basic - Fit CEO : " The current period of club closures in our larger markets are lasting longer than expected and we believe also longer than needed . Whilst we all know that being fit and active helps to strengthen people's immune system , this received little attention from the governments and policy makers 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 assures 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 in . 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 are getting closer to the reopening of the economy and our clubs . In the coming months we expect to be able to reopen our clubs ; 22 APRIL 2021 - Q1 2021 TRADING UPDATE / 1