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

Half Year 2023 GYM Group PLC Earnings Call Transcript

Sep 12, 2023 / 08:00AM GMT

Release Date Price: $1.23

Transcript

John Treharne

The Gym Group plc - Founder & Executive Chairman

Good morning, everybody, and welcome to The Gym Group half year results presentation. Just to start with, I thought I ought to do a little bit of introductory as we've got some new people on board. So I'm John Treharne, I'm the Chair and Founder of The Gym Group. Moving from your right, far right, Will Orr, our new CEO, who will be talking to you later, has only been in the business since the first of September. So don't be too rough on him. Moving to Ann-Marie Murphy, who is our COO; and then Luke Tait, who is our CFO.

So in terms of what we're going to cover today, I'm going to give you an initial overview, then I'll pass over to Luke, who will take you through the financial update; Ann-Marie will then take you through the business and operations update. And as I said, finally, Will will introduce himself.

So a very solid and encouraging first half, which is great to see. Membership up 10% to 867,000, up from 790,000 a year ago. Yield up 8%, revenue up 19% compared with the -- this time last year, like-for-like, up 7%

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