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, anders.carlbark@actic.se,+46 72 980 53 94
Niklas Alm, Investor Relations, niklas.alm@actic.se,+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.