Benefit Systems S.A., as previously announced, transferred shares from entities operating fitness clubs to a subsidiary – Fit Invest sp. z o.o., in which Benefit Systems S.A. holds 100% of shares. The transfer of assets was in the form of a contribution of assets by way of non-financial contributions and in sales transactions.
Starting in Q1 2015, the fitness activity in the Benefit Systems Group will be separated and presented as an additional operating segment.
The consolidation of the fitness assets in the new company is the result of the consistent implementation of our strategic actions, which are aimed at a more effective management of this segment and a long-term support of the development of the MultiSport program,says Tomasz Józefacki, President of the Management Board of Benefit Systems S.A. It is also another step within the framework of the process of ordering the Group, within which so far assets of the segment of new products have been transferred to a separate company. We assume that the implemented organisational changes will, on one hand, improve the cost-effectiveness on the level of the Group and, on the other hand, will have a positive impact on our business activities, he adds.
Currently the fitness segment in the Benefit Systems Group includes shares in companies with a total of 47 clubs, including: Calypso Fitness with its subsidiaries and affiliates – 23 clubs, Fabryka Formy – 10 clubs, Zdrofit – 9 clubs, Fitness Academy – 5 clubs. By the end of 2016 Benefit Systems plans to reach a total of 70 clubs.
We maintain our development strategy of the fitness segment through further investments in the development of our network of clubs. The plan of introducing Fit Invest to the stock exchange will depend on the rate of growth of the segment and the obtained financial results. In our opinion, this is a prospect of at least 2-3 years, addsTomasz Józefacki.
More information:
Rafał Janik – Benefit Systems S.A. Investor Relations | tel. +48 22 24 24 090 | e-mail: r.janik@benefitsystems.pl
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Benefit Systems is the leader of the Group, which is composed of entities operating on the non-wage employee benefits and fitness markets. Benefit Systems Group, in accordance with its mission, supports people and organisations in their development, achieving balance and building commitment. Using the upward trend in the leisure-time industry market, it creates and develops a portfolio of innovative and comprehensive solutions allowing to motivate employees in an efficient and flexible manner and to assist them in achieving a balance between work and private life. The offer of the Group includes products in the field of sports and recreation (MultiSport, FitProfit), culture and entertainment (MultiBilet, MultiTeatr), nutrition (BenefitLunch), tourism (MultiWypoczynek), custom-made cafeteria programs (MultiKafeteria, MyBenefit), as well the MultiBenefit incentive program. Since April 2011, the shares of Benefit Systems are listed on the main trading floor of the Warsaw Stock Exchange. The group of clients of Benefit Systems currently includes more than 7,000 companies and institutions employing more than 2 million employees, with the sports products having themselves more than 500,000 users, with nearly 4,000 sports and recreation facilities in nearly 600 Polish towns and cities available.