12th Jan 2016 08:58
LONDON (Alliance News) - The Gym Group PLC on Tuesday said it expects results to be in line with market expectations in the full 2015 year with strong growth in revenue and earnings before interest, tax, depreciation and amortisation.
During the year, the gym operator opened 19 new gyms, increasing the total estate to 74 sites, and grew membership to 376,000 from 293,000. It listed on the London Main Market in November.
The Gym Group added that it plans to open between 15 and 20 new gyms in 2016, with 12 sites already signed.
"2015 was an important year for The Gym Group with significant expansion of our estate and a successful IPO. The excellent performance in 2015 has established a strong base from which to execute our planned rollout programme," Chief Executive John Treharne said in a statement.
"We plan to continue to disrupt the market and to deliver strong returns for our shareholders," he added.
Shares in The Gym Group were down 0.3% at 229.25 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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