Gym Group (The) PLC (OTCPK:GYYMF)

$ 1.96 0 (0%) Market Cap: 345.54 Mil Enterprise Value: 835.76 Mil PE Ratio: 0 PB Ratio: 2.16 GF Score: 68/100

Full Year 2019 GYM Group PLC Corporate Sales Call Transcript

Jan 17, 2020 / 08:00AM GMT

Release Date Price: $2.65

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to The Gym Group trading update conference call.

I would now like to hand the conference over to your speaker today, Richard Darwin. Thank you. Please go ahead.

Richard Darwin

The Gym Group plc - CEO & Executive Director

Good morning, everyone. Thank you for joining the call this morning. We'll do a short summary of the trading statement released this morning and then open up the line for questions. I'll cover the operational initiatives and then hand over to Mark, who will cover off the financial metrics.

So first, let me start with overall trade. We've made a good start to the year with strong growth in the key quarter 1 trading period. We've also had a good quarter 2, maintaining membership at around the 800,000 level in a period when there are seasonal pressures on membership due to students finishing their academic year. The average member number for the first half was 797,000.

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