• 64 per cent increase in revenue from 2022 to 2023


• Extensive investment program in clubs


• Newly acquired Sporty24 (21 gyms)


• The group (Family Sports Club, Aktiv Trening, Sporty24 and Aktiv365) now has 92 gyms and more than 130,000 members

Last year's results showed a revenue growth of 64 percent and a positive bottom line for the first time in ten years.

After ten years of losses, Family Sports Club has reversed the trend and achieved a remarkable result. The company, with philanthropist and investor, Mr. Trond Mohn as main owner, increased its revenue by 64 percent, ending the year with a net profit of 45 million NOK (€3,8m, £3,2m, US$4,3m).

"We are pleased with last year. We have implemented an extensive investment program in our clubs.

Additionally, we have increased our revenue and membership base, as well as improved our operating model," says Trygve Hagen, CEO of Family Sports Club.

"Significant investments in systems and equipment were made before the pandemic, and the historical figures reflect this," says the head of fitness.

"Family Sports Club is one of four brands within the group, Treningshelse Holding AS, the other three being , Sporty 24, Aktiv365 and Aktiv Trening. Combined, all brands generated 453 million NOK (€33,5m, £28,1m, US$43,2m) in revenue in 2023 on a full-year basis," says Hagen.

The recently acquired Sporty24 added another 21 gyms to their portfolio. The four brands combined have 92 gyms and more than 130,000 members and reports to be on track to for a 2024 revenue exceeding 500 million NOK's based on its fully integrated and branded fitness operations.

“We are on the offensive and will continue to take part of the consolidation of the fitness market,” Hagen added, signaling continued growth and expansion for the group.