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Posted by
Two Blokes Apr 28 -
Filed in
Stock
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Basic-Fit's Q1 update shows revenue of €332 million (17% YOY) and 10% membership growth, with 41 new clubs opened, reaffirming 2025 guidance. Growth deceleration and increased maintenance capex in French stores raise concerns about market saturation and margin pressures, despite BSFFF management's cost control efforts. The new three-tier membership structure increased average revenue per member by 2.9%, with no margin squeeze, maintaining a 24-27% EBITDA margin.
