Trading Statement
July 31 2003 - 3:00AM
UK Regulatory
RNS Number:1596O
LA Fitness PLC
31 July 2003
31 July 2003
LA FITNESS PLC
Trading Update
In line with best practice, LA Fitness plc ("the Company") is today issuing a
trading update in advance of the Company's announcement of its preliminary
results for the financial year ending 31 July 2003, due to be released in early
October 2003.
In the second half of the financial year nine clubs were opened. The Company now
trades from 66 clubs (July 2002: 53 clubs) and membership stands at
approximately 160,000 compared to 125,000 a year ago.
Trading in the second half has been in line with current market expectations and
comfortably within the Company's banking covenants.
We consider that our trading experience in challenging market conditions is a
reflection of the robust nature of the LA Fitness business model and this
reinforces the Board's confidence in the Company's growth prospects.
For further information, please contact :
Fred Turok, Chief Executive - 0207 366 8080
Richard Taylor, Finance Director - 0207 366 8080
Carolynne Bull-Edwards, Investor Relations - 07973 480736
This information is provided by RNS
The company news service from the London Stock Exchange
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