Gym Group shares surge 6% on positive trading update, exceeding revenue estimates.

From Investing.com: 2025-01-14 05:27:21

Shares of Gym Ltd soared by 6% following a positive trading update. Revenue for FY24 reached £226 million, exceeding estimates by 1%. Memberships grew by 5% to 891,000, with revenue per member per month up 7% to £20.81. Net debt decreased to £61.3 million, showcasing financial strength. Future guidance hints at further growth with EBITDA expected to beat market forecasts for FY24 and FY25.



Read more at Investing.com: Gym Group shares jump on strong results By Investing.com