Basic-Fit N V Ord (BSFFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to BasicFits Q1 2025 Trading Update Call and Live Audio Webcast. Please note that today's conference is being recorded and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad. If you require assistance at any time, please press star 0 and you'll be connected to an operator. I will now hand you over to your host for today's conference, Richard Picker, Head of Investor Relations. Sir, you may begin. Thank you, Allen, and welcome everyone to this call. With me today are CEO René Moos and CFO Maurice de Klerk. And in this call, René will give a short introduction, after which both René and Maurice will be available for questions. This call is being broadcast live on our website and a recording of the call will be available shortly afterwards. As usual, I would like to point out that safe harbor applies. And with that, René, I hand it over to you. Thank you, Richard, and welcome everyone to today's call. As stated in our press release this morning, we are pleased to report strong growth figures for the first three months of this year. and we are comfortable with our four-year guidance as communicated in the four-year 2024 earnings release a few weeks ago. During the first three months, we expanded our club network by 41 clubs, reaching a total of 1,616, up from 1,506 clubs in the first quarter of 2024. In Q1, we opened 43 and closed two clubs. We opened 17 new clubs in France, where we now operate 875 clubs. In Spain, we increased our club network by 11 to 220 clubs. In the Benelux, we increased the number of clubs year to date by four to 484. In Germany, we increased the number of clubs by nine to 37 c...