High pace in the adjustment process
- Net sales increased with 3 % to SEK 253 million (244).
- EBIT amounted to SEK 13.5 million (21.0), corresponding to a margin of 5.4 (8.6) %.
- Earnings per share amounted to SEK 0.01 (0.37).
- The average income per member and month increased with 6 per cent to SEK 374 (353).
In today’s interim report, Actic Group reports a growth of 3 % in the first quarter of 2019. EBIT amounted to SEK 13.5 million with a margin of 5.4 %. The average income per member and month (ARPM) increased with 6 % to SEK 374.
“Although we saw growth in revenue from gym cards and growth in the average income per member, the underlying earnings trend was highly unsatisfactory. Our cost trend during the first quarter was primarily driven by consulting costs for central adjustment work and increased investments in marketing activities. The focus is on increasing the pace of the operational adjustment process and conducting a range of initiatives that improve our ability to create profitable growth”, says Anders Carlbark, CEO and President of Actic Group.
In April, the membership base developed somewhat better than in the preceding year and our newly opened clubs are showing strong sales figures from the very beginning; costs related to the adjustment in the finance department will decrease during the second quarter and return to normal levels during the third quarter.
For further information, please contact:
Anders Carlbark, CEO, firstname.lastname@example.org, +46 72 980 53 94
Niklas Alm, Investor Relations, email@example.com, +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 person set out above, at 07:45 CET on Wednesday May 8th.
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 2019, Actic had 180 facilities and 228,000 members in four countries. Actic’s main markets are Sweden, Norway 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 941 million in 2018. Actic is led by its President and CEO Anders Carlbark.