Actic Interim Report - Investments in our offer for stabilized customer base
In today's nine-momth report, Actic Group reported growth of 11 percent to SEK 652 (586) million, primarily driven by acquisitions. Organic growth was 4 percentage points, and the elements behind are intensified focus on add-on services and new establishments. At the same time, average earnings per member increased by 10 percent to SEK 336 (305) per month, due to strong development for the PT business. During the year, five new facilities were opened and twelve clubs were acquired, whereof nine will be consolidated from 1 December.
"In order to stabilize and grow the customer base, we continue to invest in our offer and carry out activities to increase the inflow of new members. We are also working on streamlining and reducing costs at both central and local level in the Group, which will lead to the medium-term achievement of the financial targets”, said Christer Zaar, President and CEO of Actic Group.
The adjusted operating profit, measured as EBITDA, amounted to SEK 110 (116) million during the first nine month. This gives a margin of 16.9 (19.8) percent, related to the medium-term objective of 20 percent. The margin has been affected by a higher establishment rate, a weaker performance in the Norwegian operations and investments in central and local support functions.
For further information, please contact:
Christer Zaar, President and CEO, email@example.com
Niklas Alm, Investor Relations, firstname.lastname@example.org, +46 70 824 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 persons set out above, at 07:45 CET on 14 November 2017.
In a telephone conference at 10.00 am CET today CEO Christer Zaar and CFO Ewa Buhre Gidlöf comments on the interim report. The telephone number is +46 8 99 92 13 and the code 275710#. A presentation will be published on www.acticgroup.com before the conference.
Actic Group shares are listed on Nasdaq Stockholm, where Actic Group is a Small Cap company with the ticker code ATIC.
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 30 September 2017, Actic had 169 facilities and over 215,000 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 700 full-time equivalent employees and had net sales of SEK 802 million in 2016. Actic is led by its President and CEO Christer Zaar.