Basic-Fit N V Ord (BSFFF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The Basic Fit Q1 Trading Update call will start shortly. Hello and welcome to the Basic Fit Q1 Trading Update. Please note that today's conference is being recorded and for the duration of the call, your lines will be on listen-only mode. However, you will have the opportunity to ask questions at the end of the call. If you require assistance at any point, please call our support number provided in the invite email to you. I will now turn the call over to your host for today's conference, Richard Picard, Head of Investor Relations. Sir, you may begin. Well, thank you and good afternoon and welcome to everyone to our conference call. With me today are CEO René Moos and CFO Maurice de Kler. In this call, René and Maurice will give a short introduction, after which we will open the floor for questions. This call is being broadcast live on our website and the recording of the call will be available shortly afterwards. And as usual, I would like to point out that safe hardware applies. And with that, I hand it over to you, René. Thank you. Today we will start by looking at the group highlights from the first quarter of 2026. As a reminder, the group consists of Basic Fit and Clever Fit owned and franchised clubs. We ended the quarter with 2,184 clubs, a 35% increase over the same period last year. Membership increased to 6 million, up from 4.7 million in the first quarter of 2025. Revenue for the group increased by 19% year over year to 396 million euro. All in all, a strong start of the year. Turning now to the basic fit branded business, so excluding clever fit, we grew our club footprint by 28 clubs with the majority of clubs openings in our growth markets of France, Spain and Germany. The number of memberships increased by 215,000 versus 213,000 last year. The in-grow...