Australia's Viva Leisure jumps to 5-month high on acquiring new locations

Viva Leisure

12/10/2021 04:24

Oct 12 (Reuters) -    ** Shares of health club operator
Viva Leisure  VVA.AX  rise as much as 5.1% to A$2.47, their
highest since May 7
    ** Co says upcoming acquisitions include a small chain of
three locations in Queensland, a Master Franchisor for a Pilates
and Yoga franchise, and eight studios across several locations
 urn:newsml:reuters.com:*:nASX85hs3x
    ** Says it has completed acquisitions of two Plus Fitness
sites in Queensland and New South Wales, as well as an
independent club in Victoria 
    ** Expects new acquisitions to contribute an additional
A$3.5 mln ($2.57 mln) to A$4 mln of annualised EBITDA
    ** Expects total membership after acquisitions to be over
130,000 by the end of November
    ** As of last close, stock had fallen 20.1% YTD

($1 = 1.3622 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))