Earnings release
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BASIC - FIT PRESS RELEASE Q3 2021 TRADING UPDATE Hoofddorp , 27 October 2021 BASIC - FIT REPORTS FURTHER RECOVERY OF MEMBERSHIP BASE Increase of membership base by 200 thousand in the quarter to 2.21 million 03 HIGHLIGHTS 0-0 0-0 Number of memberships increased 10 % to 2.21 million from 2.01 million at the end of H1 2021 Number of clubs increased to 995 ; up 93 clubs year on year ( 03 2020 : 902 clubs ) Q3 2021 revenue of € 133 million , almost similar to same period last year € 428 million available liquidity RENE MOOS , CEO BASIC - FIT " The third quarter was the first quarter in two years ' time in which all our clubs were open . The recovery of the membership base after the reopening of our clubs continued despite the pass sanitaire in France , which has a negative effect both on joiner numbers and cancellations . The net increase of our membership base by 200,000 in the quarter is a great achievement . The positive development of our membership base and the increased vaccination rates in our countries give us further confidence to continue with our accelerated club rollout plans . Early October we reached an important milestone with the opening of our 1,000th club . We remain on track to reach the 1,250 clubs mark by the end of 2022 " . 1 COVID - 19 UPDATE In the third quarter , all our clubs were open without capacity restrictions . As from 9 June 2021 , all our clubs have been open and most restrictions in our countries have been lifted . The only restriction that currently impacts our club performance is the introduction of the pass sanitaire to access fitness clubs in France as from 21 July onwards and in Belgium as from 15 October ( Brussels region ) and 1 November ( Wallonia ) . The health pass restrictions apply to all our French clubs and 110 Belgium clubs . The French Government recently announced that the pass sanitaire will remain in place until 31 July 2022. For the Brussels and Wallonia regions , the restriction is in effect until 15 January 2022 . REVENUE DEVELOPMENT In the third quarter of 2021 , revenue of € 132.7 million was almost similar to that in the same period in 2020 ( € 136.4 million ) . Both segments , Benelux and France & Spain recorded revenue in line with last year . The small year on year decrease in the third quarter of 2021 reflects the lower number of memberships at the start of the period which was nearly fully mitigated by a higher revenue per member in the period . BASIC - FIT