UK's Gym Group jumps on upbeat outlook, sturdy H1

GYM

11/09/2024 09:15

** Shares of fitness club chain Gym Group  GYM.L  up 8.8% at
156.4p; among top gainers across all London stocks
    ** Projects like-for-like (LFL) revenue to grow 5%-6% in
2024 and FY results to be at the top end of market view
    ** Posts a 28% jump in HY Adjusted EBITDA less normalised
rent to 22.1 mln pounds ($28.92 mln), while LFL revenue grows 9%
    ** "Gym Group has scope to grow yields and steadily increase
expansion, financed out of cash flow, with limited regulatory
risk," - Peel Hunt analysts
    ** Including session's gains, stock up about 49% YTD





($1 = 0.7642 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))