A dynamic quarter working with change
• Net sales rose 3.8% to SEK 228 million (219).
• After adjustment for the impairment of goodwill and intangible fixed assets of SEK 280 million, EBIT amounted to SEK 13.8 million (23.7), corresponding to a margin of 6.1% (10.8).
• EBIT amounted to negative SEK 266.1 million (pos:23.7), corresponding to a margin of negative 116.9% (pos:10.8).
• Earnings per share were a negative SEK 17.63 (pos: 0.52).
• Average revenue per member and month (ARPM) increased 2% to SEK 342 (334).
“EBIT for the third quarter was dominated by continued change efforts and impacted by the impairment of goodwill and intangible fixed assets of SEK 280 million. The impairment generated a non-recurring effect on earnings and the balance sheet, but had no impact on cash flow or the company’s operating activities. We continue our transition plan through the implementation of efficiency targets for staffing and a cost focus throughout the organisation,” says Anders Carlbark, President and CEO of Actic Group.
For further information, please contact:
Anders Carlbark, CEO, anders.carlbark@actic.se, +46 72 980 53 94
Jörgen Fritz, CFO, jorgen.fritz@actic.se, +46 73 663 54 74
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 Wednesday November 6th.
About Actic
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 2019, Actic had 180 facilities and 224,000 members in four countries. Actic’s main markets are Sweden, Norway and Germany. 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 941 million in 2018. Actic is led by its President and CEO Anders Carlbark.