According to Actic Group, a leading Northern European fitness club operator, the company will close its facilities in Norway as of close of business today. In Sweden, Germany and Austria its facilities will remain open, referring to compliance with local Authority guidelines.
Last year Actic derived about SEK 170m in sales in Norway, corresponding to 17% of group total revenue. Assuming a month's closure this equates to a 1.5% cut to our 2020 revenue forecasts.
Link to research:
https://research.sebgroup.com/corporate/reports/100712
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