Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. The Gym Group plc
  6. News
  7. Summary
    GYM   GB00BZBX0P70

THE GYM GROUP PLC

(GYM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Gym : swings to loss despite uptick in membership volumes

09/02/2021 | 02:40am EDT

The Gym Group swung to a loss in the first six month of this year despite a sharp uptick in membership volumes, according to results published today.

The private gym operator posted a £28.5m loss before tax for the six months to June 30, down just £100k from the same period last year, which was marred by the early stages of the Covid crisis.

The losses come despite the company registering a marked increase in the subscription sales triggered by the the lifting of Covid prevention measures.

Membership numbers hit 730,000 at the end of June, up nearly 200,000 from 547,000 at the end of February this year.

Richard Darwin, CEO of The Gym Group, said: “Since the re-opening of gyms in April, The Gym Group has performed strongly with excellent member feedback, a higher rate of visits per member and a rapid recovery in overall membership levels.”

Darwin also announced the company plans to open 40 new sites by the end of 2022 in a bid to “make fitness accessible for all and deliver further social value to communities around the country.”

More to follow.

The post Gym Group swings to loss despite uptick in membership volumes appeared first on CityAM.

© City AM, source Newspaper

All news about THE GYM GROUP PLC
09/02FTSE 100 Closes Slightly Higher on Strong Energy Sector
DJ
09/02FTSE Edges Lower, Pound to Rise as BOE Likely to React to Higher Inflation
DJ
09/02London Shares Trade Flat as Investors Await US Jobs Data
DJ
09/02GYM : swings to loss despite uptick in membership volumes
AQ
09/02GYM : Sees 'Accelerated Growth' as Losses Shrink in H1
MT
09/02GYM : Earnings Flash (GYM.L) GYM GROUP Posts H1 Loss GBX-13.10
MT
09/02GYM : Earnings Flash (GYM.L) GYM GROUP Reports H1 Revenue GBP29.3M
MT
09/02The Gym Group plc Reports Earnings Results for the Half Year Ended June 30, 2021
CI
07/02London Shares Gains as Miners, Builders Rise; Banks Fall
DJ
06/16CUSTODIAN REIT PLC : Final Results -12-
DJ
More news
Financials
Sales 2021 110 M 151 M 151 M
Net income 2021 - - -
Net Debt 2021 394 M 542 M 542 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 475 M 653 M 653 M
EV / Sales 2021 7,92x
EV / Sales 2022 4,44x
Nbr of Employees 1 336
Free-Float 88,5%
Chart THE GYM GROUP PLC
Duration : Period :
The Gym Group plc Technical Analysis Chart | GYM | GB00BZBX0P70 | MarketScreener
Technical analysis trends THE GYM GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 267,50 GBX
Average target price 332,50 GBX
Spread / Average Target 24,3%
Managers and Directors
Richard James Darwin Chief Executive Officer & Executive Director
Mark Alexander George CFO, Secretary & Executive Director
Penelope L. Hughes Independent Non-Executive Chairman
Jasper Angus McIntosh Chief Information Officer
Nick Henwood Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
THE GYM GROUP PLC23.27%653
PLANET FITNESS, INC.1.76%6 575
BASIC-FIT N.V.35.73%3 126
LEEJAM SPORTS COMPANY38.42%1 494
ONESPAWORLD HOLDINGS LIMITED9.57%1 005
CURVES HOLDINGS CO., LTD.19.84%763