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Floors 4 Gyms / TVS Sports Surfaces
Floors 4 Gyms / TVS Sports Surfaces
Floors 4 Gyms / TVS Sports Surfaces
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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

The Gym Group marches on as revenue hits £60m

The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.

The chain founded by John Treharne in 2008 announced that revenue increased by 31.9 per cent during 2015 to reach £60m. Adjusted profits before tax exceeded market consensus to hit £5.3m, while reported losses before tax were £12.4m, which the company attributed to financing costs for its listing and exceptional costs.

“2015 was a landmark year for The Gym Group with an acceleration in roll out and strong results, culminating in a successful IPO,” said company CEO Treharne.

“Our low cost, affordable and disruptive model, which we relentlessly strive to improve, resonates with consumers as demonstrated by the near 30 per cent increase in membership in 2015.”

As reported by Health Club Management in January, The Gym Group confirmed it expects to add 15-20 gyms to its 74-strong portfolio during 2016 as it seeks to build on 2015’s momentum. The chain has enjoyed an encouraging start to the year, with membership increasing 11.2 per cent in the traditionally busy first two months of the calendar.

The company also said that it expects to benefit from the maturation of more sites in 2016. Currently, 34 of the chain’s 74 sites have been open for less than two years and profitability will increase as more locations reach full capacity.

Shares in The Gym Group have increased by more than 20 per cent since the IPO in November and have regularly been touted by analysts and tipsters. But despite meeting forecasts this morning, the gym chain's results failed to impress investors, as shares fell 5 per cent in early trading.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.
HAF,FIT,IND,PHR
THUMB9097_241151.jpg
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News

The Gym Group marches on as revenue hits £60m

The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.

The chain founded by John Treharne in 2008 announced that revenue increased by 31.9 per cent during 2015 to reach £60m. Adjusted profits before tax exceeded market consensus to hit £5.3m, while reported losses before tax were £12.4m, which the company attributed to financing costs for its listing and exceptional costs.

“2015 was a landmark year for The Gym Group with an acceleration in roll out and strong results, culminating in a successful IPO,” said company CEO Treharne.

“Our low cost, affordable and disruptive model, which we relentlessly strive to improve, resonates with consumers as demonstrated by the near 30 per cent increase in membership in 2015.”

As reported by Health Club Management in January, The Gym Group confirmed it expects to add 15-20 gyms to its 74-strong portfolio during 2016 as it seeks to build on 2015’s momentum. The chain has enjoyed an encouraging start to the year, with membership increasing 11.2 per cent in the traditionally busy first two months of the calendar.

The company also said that it expects to benefit from the maturation of more sites in 2016. Currently, 34 of the chain’s 74 sites have been open for less than two years and profitability will increase as more locations reach full capacity.

Shares in The Gym Group have increased by more than 20 per cent since the IPO in November and have regularly been touted by analysts and tipsters. But despite meeting forecasts this morning, the gym chain's results failed to impress investors, as shares fell 5 per cent in early trading.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Gym Group posted a solid set of maiden preliminary financial results this morning (15 March), hitting market expectations for 2015 – the year when it became the first UK gym operator to go public in more than a decade.
HAF,FIT,IND,PHR
THUMB9097_241151.jpg

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Opinion
promotion
FitnessOnDemand’s divisional vice president Uday Anumalachetty discusses what live fitness really means for clubs and their members today
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Featured supplier news
Featured supplier news: Feet on the ground, fitness in the clouds
Life Fitness has launched a new mobile app named Life Fitness Connect to provide the ultimate workout experience.
Featured supplier news
Featured supplier news: INTEGRATE INNOVATE INVIGORATE with Power Plate
Moving into a new era of health and wellness, Power Plate has extended their popular Black edition range to enable health clubs and fitness studios to integrate vibration training seamlessly into their facilities.
Featured operator news
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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.
Featured operator news
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A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
Company profiles
Company profile: Mindbody
Mindbody is the leading technology platform for the wellness industry, featuring an app that allows ...
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Company profile: Quoox
With more than 200 integrated features, Quoox is confident there is a solution for every ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
trade associations
International SPA Association - iSPA: trade associations
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Red Light Therapy
 Red Light Rising: Red Light Therapy
Management software
Premier Software Solutions: Management software
Lockers/interior design
Safe Space Lockers Ltd: Lockers/interior design
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Architects/designers
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Welwyn Garden City
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Newport, Shropshire
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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
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