Gym Group (The) PLC (LSE:GYM)
£ 1.572 -0.014 (-0.88%) Market Cap: 279.64 Mil Enterprise Value: 664.84 Mil PE Ratio: 0 PB Ratio: 2.19 GF Score: 73/100
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Full Year 2020 GYM Group PLC Earnings Call Transcript

Mar 18, 2021 / 08:30AM GMT
Release Date Price: £2.45 (+2.08%)
Richard Darwin
The Gym Group plc - CEO & Executive Director

Good morning, everyone. Welcome to The Gym Group's year-end presentation. I'm Richard Darwin, the CEO. And with me is Mark George, our CFO.

We've got just over 3 weeks until our gyms are expected to reopen. And as a company, we expect this to be the last lockdown. And from the April 12, we can commence our recovery of membership.

Certainly, we're planning on that basis. And that's very different to the last update that we did when there was very much an element of preserving liquidity in case of a second wave.

We needed to be able to accommodate a further lockdown. And of course, sadly, we proved to be correct in that.

I think on Page 2, we show how we're now positioning our business to look forward to the future with confidence. And the majority of this presentation, we'll spend talking about 2 things. Firstly, recovery and how we will seek to recover on the back of financial resilience. And then secondly, growth, how we plan to take advantage of what we see is a very unique situation, particularly

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