Zumba Fitness, LLC
Zumba Fitness, LLC
Zumba Fitness, LLC
Health Club Management

Health Club Management

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Health Club Management

Health Club Management

News

Gym Group membership breaks 500,000 mark

Membership at The Gym Group has broken the 500,000 mark, according to the low-cost brand's latest trading update for the first five months of the year.

Total members at 31 May 2017 stood at 507,000, up 19.6 per cent against the first half of 2016, when it was 424,000 (30 June 2016). Average membership for the five months of this year was 498,000, up 18.6 per cent versus 420,000 in the six months to June 2016.

Six new gyms will have opened by the end of the first half of 2017, increasing the total estate to 95 sites. Two of the sites at Holborn Circus and Bloomsbury were bought from Fitness First UK in August 2016 and subject to a full refurbishment. The other sites are at Edinburgh Murrayfield, High Wycombe, Altrincham and Rotherham.

According to the update, the group has a further 20 sites exchanged for 2017 and 2018.

Profit for the full year is anticipated to be in line with consensus market expectations.

John Treharne, The Gym Group chief executive, said: “The group continues to trade strongly with membership increasing by nearly a fifth year on year to over 500,000. Six new gyms will have opened in the first half of the year and we are on track to meet our guidance which is towards the top end of our 15-20 range. There remains a substantial opportunity with strong fundamentals underpinning our growth and we are confident in delivering continued profitable progress."

The company announced the trading update ahead of its Capital Markets Day for institutional investors and analysts, which is being held today (Wednesday 14 June).

The group expects to announce its interim results at the end of August.

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Membership at The Gym Group has broken the 500,000 mark, according to the low-cost brand's latest trading update for the first five months of the year.
HAF
The Gym Group CEO and founder John Treharne
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We want to elevate the experience of residential gyms and create a boutique feel, so members don’t need to join an off-site gym
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We very deliberately set out to be destructive – to go against the market and create something completely new
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If you look at the most successful clubs in the world, they have large studios, some as big as sports halls, and these are rammed at six o’clock in the morning throughout the evening
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We certainly hadn’t set out to own our own business and clean its toilets, but that’s where we found ourselves – Robert Rowland
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We tap into the group exercise mentality, so people feel they’re working out with friends, and set the whole thing to funky beats mixed by our full-time DJs
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Getting inside the minds of members should be the driving force behind the design of all fitness clubs
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We now have the appetite to grow faster. We’d even consider acquisitions if the right deal were to present itself
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Property & Tenders
Gravesham Borough Council
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Gravesham Borough Council
Property & Tenders
Diary dates
07-29 Oct 2017
Ten Health & Fitness Hatton Garden, London, United Kingdom
Diary dates
17-20 Oct 2017
Gran Via Exhibition Centre, Barcelona, Spain
Diary dates
Zumba Fitness, LLC
Zumba Fitness, LLC