Record number of 72 clubs opened in first quarter
FIRST THREE MONTHS HIGHLIGHTS

Group revenue increased to € 162 million compared to € 10.7 million in Q1 2021
Memberships increased to 2.63 million; up 46% year-on-year and up 18% in the quarter (Q1 2021: 1.80 million; FY 2021: 2.22 million)
Number of clubs in the network increased by 72 in Q1 to 1,087 clubs (Q1 2021: 905)
Average memberships in our 504 mature clubs increased to 2,925 (FY 2021: 2,646)
Available liquidity at the end of March of € 209 million

OUTLOOK 2022

Membership growth of at least 1 million
Network expected to grow to around 1,250 clubs; 82 net club openings by 21 April
Guided revenue of € 800 to € 850 million and underlying EBITDA of around € 240 million continue to be feasible

RENE MOOS, CEO BASIC-FIT:
‘We recorded a strong increase in memberships of more than 400 thousand in the quarter. This was achieved whilst we were still confronted with COVID-19 related government measures in the countries including two weeks of lockdown in the Netherlands. I am glad that the last restrictions were recently lifted and that everyone is now free to join our clubs again.

Year to date, we grew our network by 82 clubs and we are on track to grow our network to 1,250 by the end of this year. We expect to grow the number of memberships by at least 1 million following a strong first quarter. Our product and brand proposition continues to deliver unique value-for-money for our members and the many new members to come. We are currently working hard, preparing for the rollout in Germany in the second half of this year.’