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Gym Group PLC - Croydon, England-based operator of 230 low-cost gyms - Revenue rises by 19% in the first six months of the year to £99.8 million from £84.2 million a year before, with like-for-like revenue growth of 7%. Gym membership increases to 867,000 as of June 30 from 821,000 on December 31 and 790,000 a year ago. Average revenue per member per month is up 8% in the half-year to £18.81. Net debt is £69.7 million, reduced from £76.1 million in December. Gym Group’s new chief executive officer, Will Orr, will join on September 1, and the company will release its interim results on September 12. Orr joins from Times Media Ltd, where he was managing director. ‘After a positive first half, we remain on track with our plans and are well set to meet full year market expectations,’ says Chair John Treharne. Current stock price: 96.10 pence, up 6.8% in London on Thursday 12-month change: down 44% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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