The Gym (GB:GYM) has released an update.
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The Gym Group, a leading low-cost gym operator, has reported a robust financial performance in the first half of 2024 with a revenue increase of 12%, adjusted EBITDA growth of 19%, and significant improvement in free cash flow by 73%. Their ongoing ‘Next Chapter’ growth plan has led to higher membership numbers, reduced debt, and the opening of new sites, positioning the company to deliver year-end results at the top end of market expectations. The Gym Group’s strategic investments in existing site enhancements and technology have contributed to high member engagement and satisfaction.
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