Acquisitions and increased loyalty enhances membership base
- Continued expansion and investments in the customer offer
- Increased efficiency and reduced cost base
- Positive development of the PT-operation
- Acquisition of 12 facilities
In today’s Fiscal Year-end report, Actic Group reports a growth of 10 per cent amounting to SEK 881 (802) million, primarily driven by completed acquisitions. The organic growth was 3 per cent, where intensified focus on additional services and new establishments contribute. Simultaneously, the average revenue per member increased by 8 per cent to SEK 339 (314) per month, mainly due to the strong development of the PT-operation. The number of members increased during the year, from 210 000 members to approximately 225 000 at year-end.
“The margin during the fourth quarter was not satisfactory, even though the higher rate of establishment explain some of the deterioration. We are working on streamlining and reducing costs both at the central and local level in the Group and are entering 2018 with a reduced cost base, which we will continue working with”, says Christer Zaar, CEO Actic Group.
The adjusted operating profit, measured as EBITDA, amounted to SEK 144 (141) million during the period. This gives a margin of 16.4 (17.6) per cent, which is related to the medium-term target of 20 per cent. A weak development in the Norwegian operations, combined with continued investments in the range of services and the offer to customers, new establishment, support functions adapted to a listed environment and a higher rate of establishment, have affected the operating profit compared with previous year.
For further information, please contact:
Christer Zaar, CEO, email@example.com, +46 70 893 33 22
Niklas Alm, Investor Relations, firstname.lastname@example.org, +46 70 824 40 88
Actic Group shares are listed on Nasdaq Stockholm, where Actic Group is a Small Cap company with the ticker code ATIC.
The information above is such that Actic Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 07:45 CET on Wednesday 21 February 2017.
Actic (formerly Nautilus Gym) was founded in 1981 and launched the Gym & Swim club concept. The company began its international expansion in 1995 and as per 31 December 2017, Actic had 178 facilities and over 225,000 members in five countries. Actic’s main markets are Sweden, Norway, Finland as well as Germany and Austria. Actic offers a well-established exercise method known as high-intensity training (HIT) and offers its members personal training programmes including follow-up sessions with trained instructors. Together with swimming, this forms the core of Actic’s offering and differentiates us in the market.
Actic’s vision is to create a healthier society by attracting a broad target group and thereby expanding the market. The facilities engage in the local community to contribute to a healthier society. Actic, which has its head office in Solna, Stockholm, has approximately 750 full-time equivalent employees and had net sales of SEK 881 million in 2017. Actic is led by its President and CEO Christer Zaar.