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The Gym ( (GB:GYM) ) has provided an update.
The Gym Group reported strong financial results for 2024, with an 11% increase in revenue and significant improvements in profitability metrics. The company’s ‘Next Chapter’ growth plan is driving operational success, with 12 new sites opened and high member satisfaction rates. The plan aims to strengthen existing operations and expand with 50 new sites over three years, funded by free cash flow. This strategic focus is expected to enhance the company’s market position and deliver sustained growth, benefiting stakeholders through improved returns and increased social value.
More about The Gym
The Gym Group is a leading low-cost gym operator in the UK, offering 24/7 access and flexible, no-contract memberships. As of December 2024, it operates 245 high-quality sites with 891,000 members nationwide, and is recognized as the UK’s first carbon-neutral gym chain.
YTD Price Performance: -9.66%
Average Trading Volume: 239,738
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £239.4M
For detailed information about GYM stock, go to TipRanks’ Stock Analysis page.