Actic Group Q3: Positive development in Germany and acquisition in Norway
In today's interim report, Actic Group reported a growth of 5 per cent in the third quarter. The adjusted EBITDA amounted to SEK 40.9 million with a margin of 18.6 %. The average income per member and month (ARPM) amounted to SEK 334 during the quarter, an increase of 3 % compared to last year. After adjustment for the divested facilities in Finland, the membership base remained stable, and compared with the year-earlier quarter, the underlying member numbers rose by around 8,000 members, mainly driven by acquisitions.
"The hot weather have had a negative effect on sales and membership inflow, which was offset by a positive trend for the operations in Germany, where more clubs enter a maturation phase as well as a continued strong demand for personal training in the Nordic region. Furthermore, Actic is now implementing the next step in its digital journey by launching a larger pilot for a completely new digital platform", says Christer Zaar, President and CEO of Actic Group.
After the end of the period, Actic signed an agreement to acquire the operations of Norwegian Asker Treningssenter, which operates three very attractive facilities in the Oslo area with approximately 5,000 members, which provides a stronger platform in the Norwegian market. The acquired operations will be consolidated from December 1.
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
In a telephone conference at CET 10:00 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.
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 November 14th.