UK's Gym Group sees FY at upper end of market view; shares rise

GYM

10/07/2024 11:08

** Shares of fitness club chain Gym Group  GYM.L  up 7.3% at
131.6p
    ** Co projects FY results at the higher end of market view
for EBITDA less normalised rent of 38 mln-43.1 mln pounds ($48.7
mln-$55.2 mln)
    ** HY like-for-like revenue grew 9% with average revenue per
member per month at 20.44 pounds, up 9% YoY
    ** "Positive trading trends have continued in H1 2024 with
good growth in membership and yield," co says
    ** Trading vols at nearly 13x the 30-day avg of 104,095
shares
    ** GYM stock rose ~24% YTD


($1 = 0.7808 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))