The Gym Group (GYM)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

279.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 313.00
  • 52 Week Low: 120.00
  • Currency: UK Pounds
  • Shares Issued: 177.56m
  • Volume: 347,079
  • Market Cap: £496.28m
  • RiskGrade: 80

Gym Group sees full-year sales plummet, no dividend

By Alexander Bueso

Date: Thursday 18 Mar 2021

LONDON (ShareCast) - (Sharecast News) - The pandemic gutted Gym Group's finances in 2020, resulting in a near halving in profits and forcing it to draw heavily from its financing facilities.
Over the 12 months ending on 31 December, the group's sales plummeted by 47.4% to reach £80.47m, flipping into a statutory loss of £36.4m.

In 2019, the company had turned a profit of £3.6m on that same basis.

Yet by freezing subscriptions when closed the group had managed to retain the majority of its members and by topping-up furlough pay it had retained most of its staff, chief executive officer, Richard Darwin said.

"By managing cash carefully we will emerge from the crisis with manageable levels of debt," Darwin said.

"We are ready to start rebuilding our memberships levels and growing our estate from 12 April, extending affordable fitness at a time when health and fitness has never been more important."

Its free cash flow meanwhile fell from £32.3m to -£16.5m over the same period.

Helping to offset that drain, Gym Group was forced to draw down its £100m of revolving credit facilities by £51m, although that was only a tad more than the £50m that it tapped in 2019.

In June of last year the company reached an agreement with its lenders - HSBC, Natwest and Banco Sabadell - to extend the £70m RCF by 18 months and to top it up by £30m.

The company's full-year statutory loss per share amounted to -23.1p versus earnings of 2.6p a year before.

On an adjusted basis, basic EPS fell from 7.7 to -22.9.

Due to the ongoing impact from the pandemic and taking into account the material government support which it had received, the board did not propose a final dividend.

One of the conditions of the new RCF was that the group would not declare a dividend "and whilst this facility remains undrawn the Directors would like to continue to have access to it as necessary."

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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 279.50p
Change Today -2.00p
% Change -0.71 %
52 Week High 313.00
52 Week Low 120.00
Volume 347,079
Shares Issued 177.56m
Market Cap £496.28m
RiskGrade 80

The Gym Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.28% below the market average60.28% below the market average60.28% below the market average60.28% below the market average60.28% below the market average
50.77% below the sector average50.77% below the sector average50.77% below the sector average50.77% below the sector average50.77% below the sector average
Price Trend
67.03% above the market average67.03% above the market average67.03% above the market average67.03% above the market average67.03% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Income
60.18% below the market average60.18% below the market average60.18% below the market average60.18% below the market average60.18% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Growth
26.13% below the market average26.13% below the market average26.13% below the market average26.13% below the market average26.13% below the market average
37.31% above the sector average37.31% above the sector average37.31% above the sector average37.31% above the sector average37.31% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 7
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 27-Jul-2021

Time Volume / Share Price
16:35 10,000 @ 279.50p
16:35 135,019 @ 279.50p
16:29 1 @ 280.00p
16:29 1 @ 280.00p
16:29 1 @ 280.00p

The Gym Group Key Personnel

Chair Penny Hughes
CEO Richard Darwin
CFO Mark George

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