Basic-Fit N V Ord (BSFFF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to BasicFIT Q3 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 unlisted only. 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 Teeker, Head of Investor Relations. Sir, you may begin. Well, thank you and good afternoon and welcome everyone to our Q3 2025 conference call and webcast. And with me today are CEO René Moos and our CFO Maurice de Glier. This call is as usual being broadcast live on our website and a recording of this call will be available shortly afterwards. As usual, I would also like to point out that our safe harbor applies. We will start with René, who will discuss the highlights and the operational developments during the first nine months, and we will then move to René, who will reiterate our outlook. After these prepared remarks, we will open the call for questions, and with that, René, I hand it over to you. Thank you, Richard, and welcome everyone to today's call. In the first nine months of 2025, Basic Fit continued to see strong member ingrowth across all countries, putting us in a good position for the fourth quarter and the full year. We announced in March that we took the decision to slow down club openings over the course of 2025 and 2026 to focus on improving our balance sheet, lowering our net leverage ratio to below two times 2026. as well as starting a 40 million euro share buyback program. All of this with the intention of delivering value to our shareholders. With this in mind, in the first nine months of...