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Technogym
Technogym
Technogym
Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Profit and revenues up at Pure Gym

The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.

Reporting its results for the year ending 31 December 2017, the budget club operator announced revenues of £198m, following a £32m investment in new sites and upgrading existing clubs.

Membership numbers increased by 13 per cent to 927,000 – a third of whom have no previous gym membership.

The group has also now converted all 31 gyms that it acquired from LA Fitness in 2015 to the Pure Gym format.

As well as the new sites, there has also been growth in its mature estate.

In a statement, the group said: "As well as strong growth in revenues and profits, we delivered an 8 per cent point improvement in EBITDA margin from 25 per cent to 33 per cent, a result of the maturity of new site openings from 2015 and 2016 – especially former LA Fitness gyms.

"At the end of 2017, 69 per cent of the gym portfolio was mature compared to 49 per cent in 2016. The 63 per cent increase in Group EBITDA was, in large part, due to the strong performance from the maturing sites and the successful launch of new commercial products such as multi-gym membership and off-peak membership."

Humphrey Cobbold, CEO, revealed that more than £7m was invested in refurbishing existing gyms.

"We delivered on the full promise of the sites acquired or opened in 2015-16 and continued to invest in technology that drives both better experiences for our members and delivers higher revenues and great profit growth to the business," Cobbold said.

"We believe firmly that the positive structural trends in our market will continue to intensify and we’re confident that we have the right processes, systems, and capabilities in place, to remain at the forefront of our industry in the years to come.”

PureGym was acquired by private equity firm Leonard Green & Partners in November 2017 and in January refinanced its debt, placing £360m of bonds in an offer that Cobbold described as "heavily over-subscribed".

Earlier this year, Pure Gym opened its 200th location.

If you would like to get each issue of HCM magazine sent direct to you for FREE, plus the weekly HCM ezine, sign up now!
The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.
HAF
THUMB26317_224166.jpg
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News

Profit and revenues up at Pure Gym

The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.

Reporting its results for the year ending 31 December 2017, the budget club operator announced revenues of £198m, following a £32m investment in new sites and upgrading existing clubs.

Membership numbers increased by 13 per cent to 927,000 – a third of whom have no previous gym membership.

The group has also now converted all 31 gyms that it acquired from LA Fitness in 2015 to the Pure Gym format.

As well as the new sites, there has also been growth in its mature estate.

In a statement, the group said: "As well as strong growth in revenues and profits, we delivered an 8 per cent point improvement in EBITDA margin from 25 per cent to 33 per cent, a result of the maturity of new site openings from 2015 and 2016 – especially former LA Fitness gyms.

"At the end of 2017, 69 per cent of the gym portfolio was mature compared to 49 per cent in 2016. The 63 per cent increase in Group EBITDA was, in large part, due to the strong performance from the maturing sites and the successful launch of new commercial products such as multi-gym membership and off-peak membership."

Humphrey Cobbold, CEO, revealed that more than £7m was invested in refurbishing existing gyms.

"We delivered on the full promise of the sites acquired or opened in 2015-16 and continued to invest in technology that drives both better experiences for our members and delivers higher revenues and great profit growth to the business," Cobbold said.

"We believe firmly that the positive structural trends in our market will continue to intensify and we’re confident that we have the right processes, systems, and capabilities in place, to remain at the forefront of our industry in the years to come.”

PureGym was acquired by private equity firm Leonard Green & Partners in November 2017 and in January refinanced its debt, placing £360m of bonds in an offer that Cobbold described as "heavily over-subscribed".

Earlier this year, Pure Gym opened its 200th location.

If you would like to get each issue of HCM magazine sent direct to you for FREE, plus the weekly HCM ezine, sign up now!
The opening of 20 new sites and membership growth in its existing clubs has helped Pure Gym record a 24 per cent increase in revenue.
HAF
THUMB26317_224166.jpg

News

Industry body ukactive has launched an Independent Operators' Steering Group, catering for members who run
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Interest in gym reopening in England is reaching fever pitch, with an announcement expected any
Exercising increases levels of a protein hormone secreted by the bones which has a powerful
A free-to-access training platform has launched to help the sport and fitness workforce confidently return
SIBEC
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Zynk Design Consultants
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1 - 15 of 11,508
Features
Statistics
People in younger age groups say they are four times more likely to use their centres and clubs more when they open
Features
Consumer culture
Ken Hughes, expert in consumer culture and human behaviour spoke as part of the Technogym Talks series of webinars about how operators can navigate the new consumer landscape
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Balance training is set to become a major fitness trend, with exercisers increasingly appreciating the benefits of having a strong core and good balance, particularly as they age. Lauren Health-Jones rounds up the latest product releases
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David Lloyd Leisure has launched a raft of outdoor classes, including an enhanced role for its Battlebox concept, as Liz Terry reports
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Professor Zhen Yan

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Featured supplier news
Featured supplier: Let's get restarted: Physical Company offers advice on keeping gym members safe
As countries around the world gear up to relax their lockdown rules, there remains a question mark over gyms and studios, which in many markets will be one of the last sectors to be given the green light.
Featured supplier news
Featured supplier: Incorpore and MoveGB ink groundbreaking partnership to transform corporate wellness offering
Incorpore and MoveGB have entered into a landmark partnership, combining the UK’s largest provider of corporate gym memberships with the nation’s biggest network of classes.
Video Gallery
Technogym mywellness app
Technogym
Improve your training experience. All your data in a single app. Read more
More videos:
Company profiles
Company profile: Safe Space Lockers
Safe Space have over 25 years of experience in the UK leisure and fitness industry, ...
Company profiles
Company profile: DFC
DFC
At DFC, we offer totally transparent revenue management solutions with clear pricing and no hidden ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Management software
Fisikal: Management software
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Exercise equipment
Technogym: Exercise equipment
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Fitness equipment
TRX Training: Fitness equipment
Skincare
Sothys: Skincare
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Wearable technology solutions
MyZone: Wearable technology solutions
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Property & Tenders
Greywell, Hampshire
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Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
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