Gym Group (The) PLC (OTCPK:GYYMF)

$ 1.96 0 (0%) Market Cap: 344.70 Mil Enterprise Value: 833.45 Mil PE Ratio: 0 PB Ratio: 2.16 GF Score: 68/100

Interim Q3 2022 GYM Group PLC Trading Statement Call Transcript

Nov 09, 2022 / 09:00AM GMT

Release Date Price: $1.29 (-0.77%)

Transcript

Richard Darwin

The Gym Group plc - CEO & Executive Director

Thank you for joining the call this morning. We'll do a short summary of the trading statement released this morning and then open the line up for questions.

Let me welcome Luke Tait to his first trading update. We're obviously very pleased that Luke has joined the business. And I know that he's looking forward to meeting you individually in the coming weeks.

I'll cover off the key headlines in the statement then hand it to Luke, who will cover some of the financial elements and what they mean for our performance. Overall, though, I would summarize this performance as being resilient with continued membership and yield growth. And we've continued to make good progress against our long-term strategy.

So on the operational update. First, our membership has grown by 16.7% year-to-date from 718,000 to 838,000 at the end of October 2022. This is on the back of growth, both from the existing estate and also from the new sites that we've opened. So that's 21 new sites we've opened in the year-to-date with further 5 new

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