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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

The Gym Group pushes forward as H1 results stack up

The Gym Group unveiled a solid set of H1 2016 results this morning (5 July), with analysts expecting the listed gym chain to meet full-year expectations and record adjusted pre-tax profits of up to £9m.

The budget operator launched six gyms in the first half of 2016 – with a further eight sites currently in fit-out – and says it is on course to achieve its growth target of 15 to 20 openings for 2016 and 2017.

Membership across the chain’s 80 sites is up to 424,000, reflecting a 19.4 per cent increase on H1 2015. Meanwhile, strong cash generation enabling the firm to reduce net debt to £2.5m at 30 June 2016, down from £7.1m in December 2015.

“The membership uplift has been significant – it’s in line with expectations, but nevertheless it’s good to deliver what we’ve forecasted,” The Gym Group CEO John Treharne told Health Club Management.

“Looking to the future, our pipeline for 2017 is stronger than it was last year, so we’re still seeing an improving pipeline position.”

The Gym Group will release its full first-half results at the end of August.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Gym Group unveiled a solid set of H1 2016 results this morning (5 July), with analysts expecting the listed gym chain to meet full-year expectations and record adjusted pre-tax profits of up to £9m.
HAF,FIT,IND,INV
THUMB7842_939387.jpg
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Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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Catalogue Gallery
Click on a catalogue to view it online
Directory
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Locations worldwide,
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Online,
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15-16 Jun 2022
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Diary dates

News

The Gym Group pushes forward as H1 results stack up

The Gym Group unveiled a solid set of H1 2016 results this morning (5 July), with analysts expecting the listed gym chain to meet full-year expectations and record adjusted pre-tax profits of up to £9m.

The budget operator launched six gyms in the first half of 2016 – with a further eight sites currently in fit-out – and says it is on course to achieve its growth target of 15 to 20 openings for 2016 and 2017.

Membership across the chain’s 80 sites is up to 424,000, reflecting a 19.4 per cent increase on H1 2015. Meanwhile, strong cash generation enabling the firm to reduce net debt to £2.5m at 30 June 2016, down from £7.1m in December 2015.

“The membership uplift has been significant – it’s in line with expectations, but nevertheless it’s good to deliver what we’ve forecasted,” The Gym Group CEO John Treharne told Health Club Management.

“Looking to the future, our pipeline for 2017 is stronger than it was last year, so we’re still seeing an improving pipeline position.”

The Gym Group will release its full first-half results at the end of August.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Gym Group unveiled a solid set of H1 2016 results this morning (5 July), with analysts expecting the listed gym chain to meet full-year expectations and record adjusted pre-tax profits of up to £9m.
HAF,FIT,IND,INV
THUMB7842_939387.jpg

News

The US fitness industry lost around 58 per cent of its revenues during 2020, due
Speaking exclusive to HCM, Ralph Scholz and Nathalie Smeeman have confirmed that B2B trade show
The Pingdemic of people receiving notifications on their phones, telling them to self-isolate because of
The Gym Group has extended its partnership with digital fitness platform Fiit, becoming the first
The world's largest fitness trade fair, FIBO, has been rescheduled again and will now take
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Les Mills
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HCM Magazine
HCM People
800,000 plants, including 1,500 palm trees and countless species of orchids create areas for yoga, Pilates and meditation
HCM Magazine
Specifier
Rigs have been central to gyms for years. Now suppliers tell us how they’re evolving to meet the changing needs of clubs and clients
HCM Magazine
Sponsored
Empowered Brands has strengthened its leadership team with the appointment of a new chair and CEO following the untimely death of founder, Jan Spaticchia
HCM Magazine
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The pandemic has disrupted everything and as businesses across the leisure industry reshape themselves to survive and thrive, new competition is emerging that will change the sector
HCM Magazine
Sponsored
With gyms reopening as the fitness industry recovers from the impact of lockdowns, members are seeking social interaction and engaging training experiences in a small group setting
HCM Magazine
Sponsored
Every gym design project should be designed from the floor up, says Physical Company’s James Anderson. He tells HCM why
HCM Magazine
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With local authority facility management companies and councils under financial pressure due to the pandemic and issues emerging around health inequalities, will we see a trend towards councils insourcing the management of facilities? Kath Hudson rounds up views
HCM Magazine
HCM magazine
Where Gold’s Gym has always been associated with bodybuilding and heavy weights, our new extended concept embraces all facets of fitness training
HCM magazine
I’ve called on all fellow citizens – members and non-members alike – to exercise more and have made free sports and fitness sessions available to everyone
HCM magazine
Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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Featured supplier news: FunXtion enhance interactive workouts with the launch of Virtual Player
Digital meets personal with the new Virtual Player from FunXtion, experts in interactive fitness, which allows clubs to stream and schedule world class virtual classes anytime, providing an interactive workout experience on the gym floor, functional area or directly to members at home via an app.
Featured supplier news
Featured supplier news: Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
L&R Kältetechnik has launched a new division, named artofcryo.com, after 30 years’ experience with -110 °C electrical solutions.
Featured operator news
Featured operator news: Everyone Active generates £342m in social value
Award-winning leisure operator Everyone Active generated £342million in social value at its sites across the country in 2019/20.
Featured operator news
Featured operator news: Being active helps Parkwood Leisure customers save the NHS £16m
Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
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: Legend Club Management Systems (UK) Ltd
Legend provides the leading software solution for driving improvements in leisure operations. We deliver savings ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Power Plate: Exercise equipment
Spa software
SpaBooker: Spa software
Wearable technology solutions
MyZone: Wearable technology solutions
Red Light Therapy
 Red Light Rising: Red Light Therapy
Lockers/interior design
Fitlockers: Lockers/interior design
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Skincare
Comfort Zone - Davines S.p.A: Skincare
Whole body cryotherapy
Art of Cryo: Whole body cryotherapy
Uniforms
Service Sport: Uniforms
Management software
fibodo Limited: Management software
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Diary dates
18-19 Sep 2021
Locations worldwide,
Diary dates
21-24 Sep 2021
Messe Stuttgart, Germany
Diary dates
13-14 Oct 2021
Online,
Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
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