The Gym Group shares weighed down by higher debt predictions despite 2018 revenue growth
The firm expected revenues for 2018 to be up 35.6% at £123.6mln, however acquisitions and investments meant net debt was forecast to jump by £8.5mln to £46mln
Company
The Gym Group PLC
LON:GYM
We’re the Gym Group, a totally new way to exercise. Affordable, high-spec nationwide gyms, that make absolutely everybody feel welcome. Whatever your starting point, and wherever you want to go, we can help. So we’re for everyone who’s had enough of the unbelievably-expensive-monthly-contract gym, or the make-me-feel-judged-the-moment-I-walk-through-the-door gym. As you might expect we’re growing fast, and there are new Gyms popping up all over the country. And it’s not just new members we’re winning – we won the ‘Budget Gym of the Year Award’ at the National Fitness Awards 2011.
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