D
The DIFG recently published the industry report on the economic situation of the German fitness market in 2019. The report was prepared by Creditreform Rating AG on behalf of the German Industry Association for Fitness and Health (DIFG) and provides an overview of the development of the key economic indicators of fitness studios and selected healthcare providers in Germany. The economic report shows an overall positive development of the German fitness studios. The declining risk of default (risk indicator 2018 at new all-time low: 1.42%) and falling corporate insolvencies (2018: 42 cases compared with 69 cases in 2017) are worthy of note. Also positive is the improvement in payment morale (2018: 12.34 days compared to 13.47 days in 2017) and the above-average profitability (return on sales in 2017 4.6% compared to 3.9% in the overall economy). Fitness studios, as a central element of their industry, are thus evidently succeeding not only in incorporating innovation, customer focus and quality into their management. The companies are operating with increasing economic success, thus laying the foundations for sustainable growth. They present themselves as a reliable partner in prevention.
Source: bodylife.com
Picture credits: DFIG Association
Published on: 25 November 2019