ATICNasdaq StockholmConsumer DiscretionaryIFRS · SEK

Actic Group

Actic Group, founded in 1981, is a wellness company that operates fitness centers primarily in Sweden and Norway. The company focuses on making physical activity accessible to a broad audience through its facilities that often include swimming pools and gyms. Actic is known for its collaboration with municipalities and its commitment to promoting lifelong fitness. The company has expanded through both organic growth and acquisitions, with a strong presence in Sweden, where it operates around 100 fitness centers.

Revenue695m SEK
+0.2 %y/y
Operating profit (EBIT)-0.9m SEK
−102.0 %y/y
EBIT margin-0.1%
−6.4 ppy/y
Net income72.6m SEK
+935.4 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-2000200400600800m SEK2021: 629 m SEK2021: EBIT -55 m SEK20212022: 750 m SEK2022: EBIT -3.0 m SEK20222023: 678 m SEK2023: EBIT -9.6 m SEK20232024: 694 m SEK2024: EBIT 44 m SEK20242025: 695 m SEK2025: EBIT -0.87 m SEK2025TTM 2026: 679 m SEKTTM679
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Gym Facilities50 %

Includes personal training and gym access.

Aquatic Training20 %

Swimming pools and related training services.

Group Fitness15 %

Includes group classes and HIT training.

Digital Training10 %

Training via Actic Anywhere app.

Retail and Café Services5 %

On-site retail and café offerings.

Customers

Actic Group serves a diverse customer base ranging from children to seniors, focusing on making fitness accessible to all. Many customers are families and individuals seeking comprehensive wellness solutions, including swimming lessons and gym access. The company also targets municipalities by partnering to provide community wellness services. Actic's digital offerings attract tech-savvy individuals looking for flexible training options. The customer base is primarily located in Sweden, with a growing presence in Norway.

Families

Seek comprehensive wellness solutions including swimming and gym access.

Municipalities

Partner for community wellness services.

Tech-savvy Individuals

Use digital training options for flexibility.

Strategy

Actic Group's strategic priorities include expanding its facility network through both organic growth and acquisitions. The company focuses on strengthening its presence in key clusters and enhancing its product and service offerings. Actic aims to optimize its facility portfolio by seeking new locations and improving existing ones. The company is also investing in digital solutions to enhance customer experience and accessibility. These strategies are designed to drive profitable growth and maintain a strong market position in the Nordic region.

Expand facility networkMedium term

To increase market presence and customer base.

Enhance digital offeringsShort term

To improve customer experience and accessibility.

Optimize facility portfolioLong term

To improve operational efficiency and service quality.

Geography

Actic Group primarily operates in the Nordic region, with a strong focus on Sweden and a smaller presence in Norway. The company has about 100 fitness centers across Sweden, from Lund in the south to Kiruna in the north. Actic's strategic location choices are influenced by its collaborations with local municipalities, which often provide facilities for swimming and fitness activities. The company's geographic focus allows it to leverage regional partnerships and optimize its facility portfolio.

Risks

Actic Group faces several business and financial risks, including market competition and changes in consumer preferences. The company's reliance on partnerships with municipalities poses strategic risks if these relationships change. Financial risks include interest rate fluctuations and liquidity management. Additionally, the company is exposed to operational risks related to facility management and service delivery. The Nordic focus also means exposure to regional economic conditions and regulatory changes.

Sorted by severity
Market competitionHigh

Increased competition from other fitness providers.

Interest rate fluctuationsMedium

Affect financial costs and liquidity.

Municipal partnershipsMedium

Changes in partnerships could affect facility access.

Accounting

Judgemental items
Revenue recognition timing

Affects how and when membership fees are reported.

Seasonality

Impacts quarterly membership and service usage.

IFRS 16 lease accounting

Significantly affects reported liabilities and EBITDA.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Actic Group (XSTO) – Consumer Discretionary | Financial Analysis – Clarifo