Basic-Fit N V Ord (BSFFF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to BasicFIT 2025 Half Year Results Conference Call Level Up Course. Please note that today's conference is being recorded and for the duration of the call, your lines will be unlisteningly. However, you will have the opportunity to ask questions at the end of the call. If you require assistance at any point, please press star zero and you will be connected to an operator. I will now turn the call over to your host for today's conference Richard Pica, Head of Investor Relations. Sir, you may begin. Thank you, Laura, and good afternoon, and welcome to our conference call and webcast, everyone. With me today are CEO René Moos and our CFO Maurice Declare. The call is being broadcast live on our website, and a recording of the call will be available shortly afterwards, and as usual, I would like to point out that Safe Harbor applies. We will start with Rene, who will discuss the highlights and the operational developments during the first half, followed by a more detailed look at the financial results for Maurice. And after these prepared remarks, we will open the call for questions. The call will finish no later than 3 p.m. And with that, Rene, I would like to hand over to you. Thank you, Richard, and welcome everyone to today's call. The first half of 2025 has put us well on track to achieve our 2025 targets in all key metrics. Memberships, revenue and underlying EBITDA less rent all increased by either high single or double digit percentages. Year over year, our club network grew by 6%, reflecting the decision to slow down club openings, as was communicated at the time of our full year 2024 results. Even with the planned slowdown, our membership base grew by 10% year-on-year. Revenue and underlying EBITDA less rent are on track to achieve the full-yea...