Actic Group Q1 - Efficiency enhancements and acquisitions strengthen results

  • Net sales increased with 8 % to SEK 244.2 million (226.0)
  • Adjusted EBITDA  increased with 9 % to SEK 39.5 million (36.3), which gives a margin of 16.2 (16.0) %
  • Earnings per share before and after dilution amounted to SEK 0.44 (-10.68)
  • Number of members at the end of the period 231,445 (216,777)

In today’s interim report for the first quarter, Actic Group reported a growth of 8 per cent amounting to SEK 244.2 million (226.0), driven by acquisitions. The organic growth was -1 percentage points, explained by the application of the new revenue recognition principle, IFRS 15, which implies that membership fees will be recognised over the duration of the agreement. Simultaneously, as a result of continued favourable development of the PT business, average income per member increased by 1 per cent to SEK 353 million (349) per month.

The adjusted EBITDA amounted to SEK 39.5 million (36.3), including an adjusted EBITDA margin of 16.2 (16.0) per cent. Items affecting comparability amounted to SEK 0 million (10.3). The member base increased with almost 15,000 members to just above 231,000 at the end of the period.

”The implementation of IFRS 15 affects us negatively with SEK 5 million during the first quarter, which is our peak season in terms of sold cards. Adjusted for this effect, organic growth was positive and the EBITDA margin was 17.9 (16.0). We continue to work on streamlining and reducing costs in the Group while simultaneously continuing to invest in service and customer offering, as well as in new facilities”, says Christer Zaar, President and CEO of Actic Group.

In a telephone conference at CET 9:15 am today CEO Christer Zaar and CFO Jörgen Fritz comments on the interim report. The telephone number is           +46 8 22 90 90 and the code 426565. A presentation will be published on www.acticgroup.com before the conference.

For further information, please contact:

Christer Zaar, VD Actic, christer.zaar@actic.se, 070-893 33 22

Niklas Alm, Investor Relations, niklas.alm@actic.se, 070-824 40 88

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 person set out above, at 07:45 CET on May 15th.

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 March 2018, Actic had 181 facilities and over 230,000 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 800 full-time equivalent employees and had net sales of SEK 881 million in 2017. Actic is led by its President and CEO Christer Zaar.

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