UK's The Gym Group gains on upbeat profit expectations

GYM

14/01/2025 10:26

** Fitness club chain The Gym Group's  GYM.L  shares up as
much as 8% at 158 pence
    ** Co sees group adjusted EBITDA less normalised rent for
2024 slightly above the top end of current market forecast range
of 43.5 mln pounds and 45.5 mln pounds ($53 mln - $55.4 mln)
    ** Adds that co expects 2025 group adjusted EBITDA less
normalised rent at the top end of the current market forecast
range of 47.2 mln pounds - 49.7 mln pounds
    ** Also expects to accelerate new site openings to 14-16
sites in 2025
    ** In 2024, shares were up ~44%

($1 = 0.8215 pounds)

 (Reporting by Radhika Anilkumar in Bengaluru;)
 ((Radhika.Anilkumar@thomsonreuters.com;))