The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

267.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 332.50
  • 52 Week Low: 185.80
  • Currency: UK Pounds
  • Shares Issued: 138.07m
  • Volume: 52,007
  • Market Cap: £369.33m
  • RiskGrade: 80
  • Beta: 0.19

Growing membership numbers boost The Gym Group in first half

By Michele Maatouk

Date: Thursday 29 Aug 2019

LONDON (ShareCast) - (Sharecast News) - The Gym Group posted a surge in interim profit on Thursday and hiked its dividend amid growing membership numbers.
In the six months to the end of June, adjusted pre-tax profit increased 53.3% to £7.1m on revenue of £74m, up 27% on the same period a year ago. Membership numbers pushed up 10.6% to 796,000 and it opened eight new gyms during the half, taking its total estate to 165.

Average revenue per member per month was up 5.6% from the first half of last year to £15.47. Around half of the growth in this spend per head came as expected from LIVE IT, the group's premium pricing proposition, which reached 135,000 members by 30 June.

Adjusted earnings per share rose 42.9% to 4p and the interim dividend was lifted 28.6% to 0.45p a share.

The Gym Group said it has continued to trade "well" and in line with its expectations in the first two months of the second half and is on track to achieve its financial and operational plans for the full year.

Chief executive officer Richard Darwin said: "Our rapid and profitable growth has been achieved through operating high quality great value gyms that offer affordable fitness for all. Our growing membership visited a record 24 million times in the first half of the year demonstrating the wide and diverse appeal of The Gym.

"Continued investment in systems, infrastructure and people to scale the business is enabling us to take advantage of the huge growth potential that exists in the low cost gym market. We are on track to open between 15 and 20 standard catchment gyms this year whilst our new 'small box' format further increases the number of towns that we can go to. We are confident that we can deliver further profitable growth both this year and in the years to come."

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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 267.50p
Change Today 1.50p
% Change 0.56 %
52 Week High 332.50
52 Week Low 185.80
Volume 52,007
Shares Issued 138.07m
Market Cap £369.33m
Beta 0.19
RiskGrade 80

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.49% below the market average92.49% below the market average92.49% below the market average92.49% below the market average92.49% below the market average
94.37% below the sector average94.37% below the sector average94.37% below the sector average94.37% below the sector average94.37% below the sector average
Price Trend
60.72% above the market average60.72% above the market average60.72% above the market average60.72% above the market average60.72% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Income
92.92% below the market average92.92% below the market average92.92% below the market average92.92% below the market average92.92% below the market average
69.57% below the sector average69.57% below the sector average69.57% below the sector average69.57% below the sector average69.57% below the sector average
Growth
70.37% above the market average70.37% above the market average70.37% above the market average70.37% above the market average70.37% above the market average
80.82% above the sector average80.82% above the sector average80.82% above the sector average80.82% above the sector average80.82% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_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 22-Oct-2019

Time Volume / Share Price
16:35 19,617 @ 267.50p
16:29 6 @ 268.50p
16:29 11 @ 268.50p
16:29 107 @ 269.50p
16:29 120 @ 269.50p

The Gym Group Key Personnel

CEO John Treharne
CFO Mark George

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