Change initiatives impacted quarterly earnings - enhanced customer focus for profitable growth has highest priority
In today’s Year-end report, Actic Group reported a growth of 7 % for the full year 2018. The adjusted EBITDA amounted to SEK 142.2 million with a margin of 15.1 %. The average income per member and month (ARPM) increased by 2 % to SEK 346.
”We have started change initiatives that impacted earnings by SEK 10 million in the fourth quarter. The underlying operation’s financial trend is in line with the previous year, which is unsatisfactory given the acquisitions that were made. To drive a customer-focused agenda moving forward that
strengthens our member base and gives profitable growth has highest priority”, says Anders Carlbark, President and CEO of Actic Group.
From the first of January the operations in Norwegian Asker Treningssenter, which operates three very attractive clubs in the Oslo area with about 5,000 members, is consolidated and giving us a stronger platform in the Norwegian market. Furthermore, Actic has opened a new club in Leksand during January and will open a new club in Mora and a fourth club in Södertälje during April.
For further information, please contact:
Anders Carlbark, VD, [email protected], +46 72 980 53 94
Niklas Alm, Investor Relations, [email protected],+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 February 14th.
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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 December 2018, Actic had 177 facilities and 220,000 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.
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