Gym Group PLC (The) Capital Markets Day: 2025 targets published (0305M)

TIDMGYM

RNS Number : 0305M

Gym Group PLC (The)

19 May 2022

The Gym Group plc

("The Gym Group")

Capital Markets Day: 2025 targets published

The Gym Group, the nationwide operator of 206 low cost, high quality, 24/7 no contract gyms, is today hosting a Capital Markets Day for investors and analysts.

As part of the event, the management team will set out further details on its growth strategy and key targets for 2025 which include:

   --      300+ sites 
   --      GBP95-105m EBITDA [1] 
   --      GBP40-50m Profit Before Tax

A number of topics will be covered including: the strong trajectory of the business post-pandemic, the market opportunity and enablers of growth, revenue optimisation, brand transformation and developments in the technology platform. The event will be led by the CEO, Richard Darwin and will include presentations by a number of the senior management team.

The Capital Markets Day will be held in person for pre-registered sell side analysts and investors. A live webcast of the event will be available at 2:00 p.m. BST today via this link .

The presentation and a recording of the live webcast of today's event will be available on our corporate website later today.

For further information, please contact:

 
 The Gym Group:             via Tulchan Communications 
  Richard Darwin, CEO 
  Mark George, CFO 
 Tulchan Communications: 
  James Macey White 
  Elizabeth Snow 
  Laura Marshall            +44 (0) 207 353 4200

Forward Looking Statement Disclaimer

This announcement contains certain projections and other forward-looking statements with respect to the financial condition, results of operations, businesses and prospects of The Gym Group.

These projections and forward-looking statements are based on current expectations and involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are several factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. Any of the assumptions underlying these projections and forward-looking statements could prove inaccurate or incorrect and therefore any results contemplated in the projections or forward-looking statements may not actually be achieved.

The Gym Group undertakes no obligation to update or revise (publicly or otherwise) any projection or forward-looking statement, whether as a result of new information, future events or other circumstances. The announcement does not constitute an invitation or inducement to any person to subscribe for or otherwise acquire securities in The Gym Group.

[1] Group Adjusted EBITDA less Normalised Rent

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