Basic Fit N : Fit agrees to sell five Holmes Place clubs in Spain
May 23, 2024 at 07:35 am
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BASIC-FIT PRESS RELEASE
BASIC-FIT AGREES TO SELL FIVE HOLMES PLACE CLUBS IN SPAIN
Hoofddorp, 23 May 2024 - Basic-Fit (Euronext: BFIT), Europe's largest and fastest growing fitness operator, has signed an agreement for the sale of the five Holmes Place clubs which were part of the 47 acquired RSG Spain clubs in March.
On 27 March 2024, Basic-Fit announced that it had closed the acquisition of RSG Spain including all 42 McFIT clubs and all five Holmes Place clubs in Spain. On 26 April, in the Q1 trading update, Basic- Fit communicated that it was exploring the options for the five Holmes Place clubs. This exploration has resulted in an agreement to sell the five Holmes Place clubs to Weon SL, the Spanish Premium sport facilities operator. The transaction is expected to close in June.
Basic-Fit is listed on Euronext Amsterdam in the Netherlands
ISIN: NL0011872650 Symbol: BFIT
FINANCIAL CALENDAR
Half-year 2024 results
26 July 2024
Q3 2024 trading update
18 October 2024
ABOUT BASIC-FIT
With more than 1,500 clubs, Basic-Fit is the largest fitness operator in Europe. The company operates in six countries and has more than 4.0 million memberships. Basic-Fit operates a straightforward membership model and offers a high-quality,value-for-money fitness experience that appeals to the fitness needs of all people who care about their personal health and fitness.
FORWARD-LOOKING STATEMENTS / IMPORTANT NOTICE
Some statements in this press release may be considered 'forward-looking statements'. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may occur in the future. These forward-looking statements involve known and unknown risks, uncertainties and other factors that are outside of our control and impossible to predict and may cause actual results to differ materially from any future results expressed or implied. These forward-looking
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statements are based on current expectations, estimates, forecasts, analyses and projections about the industry in which we operate and management's beliefs and assumptions about possible future events. You are cautioned not to put undue reliance on these forward-looking statements, which only express views as at the date of this press release and are neither predictions nor guarantees of possible future events or circumstances. We do not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities law.
Basic Fit NV published this content on
23 May 2024 and is solely responsible for the information contained therein. Distributed by
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23 May 2024 06:34:03 UTC.
Basic-Fit N.V. specializes in operating a chain of fitness clubs. Net sales break down by activity as follows:
- fitness clubs operation (96.4%). At the end of 2023, the group had 3.8 million members in 1,402 clubs located in the Netherlands (237), France (781), Belgium (223), Spain (139), Germany (12) and Luxembourg (10);
- other (3.6%): personal trainer services, sale of energy drinks and nutritional bars, etc.
Net sales are distributed geographically as follows: the Netherlands (23.9%), France (48.5%), Belgium (20.3%), Spain (5.7%) and Luxembourg (1.6%).