5 years of Basic-Fit

Amounts in million, unless stated otherwise20252024202320222021
Revenue1,420.51,215.21,047.2794.6340.7
Growth17%16%32%133%-10%
Underlying club EBITDA less rent505.0461.7398.4316.493.6
Underlying EBITDA less rent348.3312.9260.5203.831.6
Underlying EBITDA less rent margin %25%26%25%26%9%
Underlying net profit54.343.627.517.8(91.7)
Earnings per share0.220.12(0.04)(0.06)(2.34)
Diluted underlying EPS (€)0.810.650.420.27(1.43)
Maintenance capex99.286.271.461.247.7
Initial capex newly built club1.331.301.181.171.15
Shareholders' equity398.8411.5404.0405.4410.6
Net debt (excluding lease liabilities)1,113.0938.1804.3693.6547.9
Net debt / adjusted EBITDA12.7x2.6x2.6x2.9x2.1x
  1. Adjusted EBITDA under the bank covenants is defined as the underlying EBITDA less rent adjusted for permitted pro forma adjustments, which are capped at 15% of the total adjusted EBITDA
Amounts in million, unless stated otherwise20252024202320222021
Non-financials (number)
Total number of owned clubs1,7161,5751,4021,2001,015
o.w. The Netherlands246241237231216
o.w. Belgium236229223219205
o.w. Luxembourg1010101010
o.w. France894858781647528
o.w. Spain2302091399056
o.w. Germany6728123-
o.w. Austria33----
Total number of mature clubs1,216990882502504
Total number of memberships (million)4.934.253.803.352.22
Yield (ARPU) per month (€)124.9124.2423.5322.8613.05
Number of employees (year-end)9,4328,9378,1827,5646,964
Market capitalisation, year-end1,9511,4901,8591,6162,772
Share price, year-end (€)29.5622.5828.1624.4842.00
Share price, high (€)29.7429.1039.9644.7849.24
Share price, low (€)16.519.0623.7021.6627.10
Average daily volume ('000)169155110149178
Number of shares outstanding at year-end64.865.966.066.066.0
Average number of shares outstanding used in EPS calculation65.365.966.066.064.1
Fully diluted number of shares at year-end70.871.972.072.072.0
Fully diluted number of shares used in diluted underlying EPS calculation271.371.972.072.067.3
  1. Basic-Fit owned clubs only
  2. Any anti-dilutive impact has been disregarded

See next section for alternative performance measures