The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

 164.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 164.00
  • 52 Week Low: 98.20
  • Currency: UK Pounds
  • Shares Issued: 179.28m
  • Volume: 773,824
  • Market Cap: £294.03m
  • RiskGrade: 80
  • Beta: 0.38

The Gym Group FY results seen at higher-end of expectations

By Iain Gilbert

Date: Wednesday 10 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Gym operator The Gym Group said on Wednesday that full-year results would likely be at the higher end of expectations following a "strong first half" performance.
The Gym Group said revenues had increased 12%to £112.1m in the six months ended 30 June, with membership rising from 867,000 at the end of FY23 to 905,000. First-half average revenue per member was up 9% to £20.44 per month, while like-for-like revenues grew 9% year-on-year.

In the first half, Gym Group opened four new sites, taking its total to 237, and was currently in the fitout stage of its next four sites. Gym Group stated it remains on track to open a total of 10-12 new gyms by the year-end.

Gym Group added that with further strong cashflow generated in the first half, net debt as of 30 June was £54.6m, compared with £66.4m at the 2023 financial year-end.

Chief executive Will Orr said: "We are making encouraging progress with our strategic priorities under our Next Chapter growth plan, delivering good growth in membership and yield. We have further strengthened our financial position, whilst stepping up our opening programme in line with our target to open 50 high-quality sites over the next three years, funded from free cashflow. After a strong first half, we expect to deliver full-year results at the higher end of market expectations."

As of 0950 BST, Gym Group shares were up 5.38 % at 129.20p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

The Gym Group Market Data

Currency UK Pounds
Share Price 164.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 164.00
52 Week Low 98.20
Volume 773,824
Shares Issued 179.28m
Market Cap £294.03m
Beta 0.38
RiskGrade 80

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.18% below the market average58.18% below the market average58.18% below the market average58.18% below the market average58.18% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Price Trend
89.31% above the market average89.31% above the market average89.31% above the market average89.31% above the market average89.31% above the market average
84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average
Income Not Available
Growth
40.52% above the market average40.52% above the market average40.52% above the market average40.52% above the market average40.52% above the market average
2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

The Gym Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 23-May-19
Paid 11-Oct-19 14-Jun-19
Amount 0.45p 0.95p

Trades for 08-Nov-2024

Time Volume / Share Price
09:08 280,000 @ 160.00p
14:04 104,604 @ 160.38p
16:35 11,686 @ 164.00p
16:35 52 @ 164.00p
16:35 2,285 @ 164.00p

The Gym Group Key Personnel

CFO Luke Tait

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