GET HCM
magazine
Sign up for the FREE digital edition of HCM magazine and also get the HCM ezine and breaking news email alerts.
Not right now, thanksclose this window
Les Mills International
Les Mills International
Les Mills International
Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn Follow Health Club Management on Instagram
UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos

94 per cent of Basic-Fit's sites remained closed due to government measures
The continued closures across Europe meant that revenues were just €37m during the quarter
The group said it has €142m liquidity available at the end of the quarter
René Moos, Basic-Fit CEO, criticised European governments for keeping gyms in lockdown
The current period of club closures in our larger markets are lasting longer than expected and we believe also longer than needed
– René Moos
Credit: Basic-Fit

Basic-Fit lost 10 per cent of its members during Q1 2021, as 94 per cent of its clubs remained closed due to government measures.

The closures across Europe meant that the company recorded revenues of just €37m during the quarter, down from €137.5m in Q1 2020.

The group said it has €142m liquidity available at the end of the quarter.

Announcing the figures, René Moos, Basic-Fit CEO, criticised European governments for keeping gyms in lockdown, despite the sector's safety measures and the proven benefits of physical activity in the fight against COVID-19.

“The current period of club closures in our primary markets are lasting longer than expected and we believe also longer than needed," Moos said.

"While we all know that being fit and active helps to strengthen people’s immune system, this received little attention from the governments and policymakers in these countries.

"With our online reservation system, we are able to manage the flow of people to our clubs and the number of people in our clubs at any given time.

"This in combination with clear signage in the club ensures that social distancing can be maintained.

"In addition, our large clubs are equipped with optimised ventilation systems and we can, therefore, reopen our clubs and offer our members a safe place to work out.

"We proved this last year when we had more than 30 million visits without any reported outbreaks of COVID-19.

"The good news is that due to the vaccination programmes we're getting closer to the reopening of the economy and our clubs. In the coming months we expect to be able to reopen our clubs; first in the Netherlands on 11 May, followed by Belgium and France soon thereafter.

"We are ready to welcome our members back to our clubs and welcome all those new joiners who are eager to become active again and work on their fitness after all these inactive months.”

Basic-Fit also revealed that it had raised €204m through selling shares, as a way of financing growth opportunities once its gyms reopen.

The sale saw 6 million ordinary shares being placed at a price of €34 – a discount of 3.7 per cent to the closing price of €35.32 – and represented 10 per cent of the existing issued ordinary share capital of Basic-Fit.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Basic-Fit lost 10 per cent of its members during Q1 2021, as 94 per cent of its clubs remained closed due to government measures.
PTS,HAF,FIT,IND
2021/THUMB347606_766048_286642.jpg
Latest News
Exercise has been highlighted as a crucial weapon in cancer patients’ battle against the disease. ...
Latest News
The global health and fitness industry is returning to a busy programme of live trade ...
Latest News
Matrix and Intelivideo have signed a strategic partnership, which will see Intelivideo's fitness content integrated ...
Latest News
Nadine Dorries, the recently appointed secretary of state for digital, culture, media and sport at ...
Latest News
Mindbody has announced it's buying ClassPass, the consumer wellness subscription service that enables people to ...
Latest News
Tanni Grey-Thompson has outlined her vision on how the physical activity sector can play "the ...
Latest News
The Global Health & Fitness Alliance (GHFA) has revealed the makeup of its inaugural nine-member ...
Latest News
The 40th Annual IHRSA International Convention & Trade Show (IHRSA 2021) begins today in Dallas, ...
HCM Magazine
HCM People
The market demand is there and we’re going to meet and grow that demand
HCM Magazine
Statistics
How have consumers responded to the end of lockdowns? Cesar Carvalho shares some bounceback numbers with HCM
HCM Magazine
Research
Changes to DNA which occur during exercise give protection against a wide range of diseases, according to new research from the Univesity of Copenhagen
HCM Magazine
Sponsored
Les Mills is launching a new digital network called Les Mills Connect to help clubs build back better and emerge from the pandemic with a stronger business
HCM Magazine
HCM people
This partnership with F45 is an exciting business venture for me
HCM Magazine
Sponsored
Active IQ is launching courses to upskill fitness professionals to work in social prescribing, extending the reach of the industry
HCM Magazine
Sponsored
Andy Janes and Jamie Whisken explain the vision behind R1SE Bournemouth, and why Technogym was their choice of partner in delivering their unique fusion boutique
HCM Magazine
HCM magazine
Our competition need to fasten their seatbelts
HCM magazine
David Minton says the healthy movement industry is ten times bigger than the health club sector, and the care industry four times bigger and ask why we’re not rushing to collaborate?
HCM magazine
Our equipment doesn't consume power but does generate it, recycling human energy
Featured supplier news
Featured supplier news: Power Plate teams up with Myzone for a new exercise experience
Power Plate has teamed up with Myzone to provide its community with new class experiences and the opportunity to offer rewards based on effort, every time they move.
Featured supplier news
Featured supplier news: EMS personal training: shockingly simple
People's fitness goals are extremely diverse – ranging from an elite athlete focused on the next goal to someone who dislikes all activity due to chronic back pain.
Featured operator news
Featured operator news: Everyone Active generates £342m in social value
Award-winning leisure operator Everyone Active generated £342million in social value at its sites across the country in 2019/20.
Featured operator news
Featured operator news: Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Company profiles
Company profile: Keiser UK LTD
For more than four decades, Keiser has influenced the training of athletes, fitness enthusiasts and ...
Company profiles
Company profile: Everyone Active
Everyone Active operates leisure centres in partnership with local councils across the UK. Today, Everyone ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Skincare
Sothys: Skincare
Lockers/interior design
Fitlockers: Lockers/interior design
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Red Light Therapy
 Red Light Rising: Red Light Therapy
Salt therapy products
Himalayan Source: Salt therapy products
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Uniforms
Service Sport: Uniforms
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Wearable technology solutions
MyZone: Wearable technology solutions
Architects/designers
Zynk Design Consultants: Architects/designers
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates

News

Basic-Fit lost 10 per cent of members in Q1 due to 'longer than needed' lockdowns, says René Moos

94 per cent of Basic-Fit's sites remained closed due to government measures
The continued closures across Europe meant that revenues were just €37m during the quarter
The group said it has €142m liquidity available at the end of the quarter
René Moos, Basic-Fit CEO, criticised European governments for keeping gyms in lockdown
The current period of club closures in our larger markets are lasting longer than expected and we believe also longer than needed
– René Moos
Credit: Basic-Fit

Basic-Fit lost 10 per cent of its members during Q1 2021, as 94 per cent of its clubs remained closed due to government measures.

The closures across Europe meant that the company recorded revenues of just €37m during the quarter, down from €137.5m in Q1 2020.

The group said it has €142m liquidity available at the end of the quarter.

Announcing the figures, René Moos, Basic-Fit CEO, criticised European governments for keeping gyms in lockdown, despite the sector's safety measures and the proven benefits of physical activity in the fight against COVID-19.

“The current period of club closures in our primary markets are lasting longer than expected and we believe also longer than needed," Moos said.

"While we all know that being fit and active helps to strengthen people’s immune system, this received little attention from the governments and policymakers in these countries.

"With our online reservation system, we are able to manage the flow of people to our clubs and the number of people in our clubs at any given time.

"This in combination with clear signage in the club ensures that social distancing can be maintained.

"In addition, our large clubs are equipped with optimised ventilation systems and we can, therefore, reopen our clubs and offer our members a safe place to work out.

"We proved this last year when we had more than 30 million visits without any reported outbreaks of COVID-19.

"The good news is that due to the vaccination programmes we're getting closer to the reopening of the economy and our clubs. In the coming months we expect to be able to reopen our clubs; first in the Netherlands on 11 May, followed by Belgium and France soon thereafter.

"We are ready to welcome our members back to our clubs and welcome all those new joiners who are eager to become active again and work on their fitness after all these inactive months.”

Basic-Fit also revealed that it had raised €204m through selling shares, as a way of financing growth opportunities once its gyms reopen.

The sale saw 6 million ordinary shares being placed at a price of €34 – a discount of 3.7 per cent to the closing price of €35.32 – and represented 10 per cent of the existing issued ordinary share capital of Basic-Fit.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Basic-Fit lost 10 per cent of its members during Q1 2021, as 94 per cent of its clubs remained closed due to government measures.
PTS,HAF,FIT,IND
2021/THUMB347606_766048_286642.jpg

News

Exercise has been highlighted as a crucial weapon in cancer patients’ battle against the disease.
The global health and fitness industry is returning to a busy programme of live trade
Matrix and Intelivideo have signed a strategic partnership, which will see Intelivideo's fitness content integrated
Nadine Dorries, the recently appointed secretary of state for digital, culture, media and sport at
Mindbody has announced it's buying ClassPass, the consumer wellness subscription service that enables people to
Tanni Grey-Thompson has outlined her vision on how the physical activity sector can play "the
Miha Bodytec GmbH
Miha Bodytec GmbH
Matt Miller, founder of leading yoga training platform Broga has announced the launch of Earth+Sky
The Global Health & Fitness Alliance (GHFA) has revealed the makeup of its inaugural nine-member
The 40th Annual IHRSA International Convention & Trade Show (IHRSA 2021) begins today in Dallas,
A new study has suggested that strength training can result in people losing around a
Basic-Fit has officially opened its 1,000th club, with the launch of a new site in
Health club operator Life Time Group has become a publicly traded company again, after it
Creating workout experiences will be the main theme of this year's Retention Convention, which will
FIBO Exhibition
FIBO Exhibition
The best in class of the physical activity sector have been revealed at the ukactive
Marg Mayne will stand down as CEO of Mytime Active next year, after more than
French car manufacturer Citroën and hotel brand Pullman Hotels & Resorts have partnered to create
Les Mills is expanding its digital operations by replacing its existing on-demand services with the
Sport England has spent £1.5m launching its own on-demand fitness platform, with the hope of
New research by Barclays Corporate Banking reveals that the leisure, fitness, spa and hospitality industries
Tanni Grey-Thompson has announced she will hand over her role as ukactive chair in August
Les Mills
Les Mills
CEO of Orbit4, Daniel Jones, says: “There’s no reason traditional gyms and smart gyms can’t
A group of leading health and fitness companies in Romania have joined forces to launch
Boxing-inspired fitness operator Rumble has signed a master franchise agreement in Australia, which could see
FreeMotion Fitness
FreeMotion Fitness
1 - 20 of 12,047
HCM Magazine
HCM People
The market demand is there and we’re going to meet and grow that demand
HCM Magazine
Statistics
How have consumers responded to the end of lockdowns? Cesar Carvalho shares some bounceback numbers with HCM
HCM Magazine
Research
Changes to DNA which occur during exercise give protection against a wide range of diseases, according to new research from the Univesity of Copenhagen
HCM Magazine
Sponsored
Les Mills is launching a new digital network called Les Mills Connect to help clubs build back better and emerge from the pandemic with a stronger business
HCM Magazine
HCM people
This partnership with F45 is an exciting business venture for me
HCM Magazine
Sponsored
Active IQ is launching courses to upskill fitness professionals to work in social prescribing, extending the reach of the industry
HCM Magazine
Sponsored
Andy Janes and Jamie Whisken explain the vision behind R1SE Bournemouth, and why Technogym was their choice of partner in delivering their unique fusion boutique
HCM Magazine
HCM magazine
Our competition need to fasten their seatbelts
HCM magazine
David Minton says the healthy movement industry is ten times bigger than the health club sector, and the care industry four times bigger and ask why we’re not rushing to collaborate?
HCM magazine
Our equipment doesn't consume power but does generate it, recycling human energy
HCM magazine
Screens display power generated from each piece of equipment, allowing people to compete against each other for kilowatt hours produced
HCM magazine
In this issue, we’re focusing on sharing insights and thought leadership to highlight opportunities for the development of the sector in terms of both markets and offerings
HCM magazine
HCM People

Danielle Obe

Chair, The Black Swimming Association
Our vision is a future with ethnic diversity in aquatics
HCM magazine
It’s as much about capacity and programming in the clubs as it is about creating innovative ways to engage customers to come and use us
HCM magazine
The appetite for health clubs is strong among consumers and investors – to take advantage of this, operators must figure out how to meet key challenges in operationally sustainable ways
HCM magazine
Running booms when health clubs and gyms are closed. Could this enthusiasm result in treadmill training becoming the new spinning? Kath Hudson reports
HCM magazine
Featured supplier news
Featured supplier news: Power Plate teams up with Myzone for a new exercise experience
Power Plate has teamed up with Myzone to provide its community with new class experiences and the opportunity to offer rewards based on effort, every time they move.
Featured supplier news
Featured supplier news: EMS personal training: shockingly simple
People's fitness goals are extremely diverse – ranging from an elite athlete focused on the next goal to someone who dislikes all activity due to chronic back pain.
Featured operator news
Featured operator news: Everyone Active generates £342m in social value
Award-winning leisure operator Everyone Active generated £342million in social value at its sites across the country in 2019/20.
Featured operator news
Featured operator news: Everyone Active bolsters Everyone on Demand and enters second year with five new partnerships
Everyone Active has signed a number of new deals which will see the operator strengthen its digital product offering, Everyone on Demand.
Company profiles
Company profile: Keiser UK LTD
For more than four decades, Keiser has influenced the training of athletes, fitness enthusiasts and ...
Company profiles
Company profile: Everyone Active
Everyone Active operates leisure centres in partnership with local councils across the UK. Today, Everyone ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Skincare
Sothys: Skincare
Lockers/interior design
Fitlockers: Lockers/interior design
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Red Light Therapy
 Red Light Rising: Red Light Therapy
Salt therapy products
Himalayan Source: Salt therapy products
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Uniforms
Service Sport: Uniforms
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Wearable technology solutions
MyZone: Wearable technology solutions
Architects/designers
Zynk Design Consultants: Architects/designers
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
Search news, features & products:
Find a supplier:
Les Mills International
Les Mills International