The Gym (GB:GYM) has released an update.
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.
For further insights into GB:GYM stock, check out TipRanks’ Stock Analysis page.