3 years, 10 months ago

Gym Group hails faster rebound in membership than expected

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Gym Group has said that member numbers have recovered quicker than expected after it reopened its sites across the UK last month. Shares in the UK’s second largest gym brand lifted higher on Wednesday morning after it hailed “strong demand for the return to gyms”. “We think initial openings are going to focus on similar units to our typical gyms, although in the longer term we might see more of a mix to include smaller format gyms as well.” Analysts at Numis said they now expect a “small profit” for the current financial year, raising their revenue projections by around £8 million.

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