The Leisure Media Company Ltd
The Leisure Media Company Ltd
The Leisure Media Company Ltd
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
University of Leeds
£37,099 - £44,263pa + generous pension + benefits
Leeds
star job
Redbridge Sports & Leisure
on request
Barkingside, Essex
Swansea Council
£53,653 – £58,089pa
Swansea
Brio Leisure
£35,745pa + excellent benefits
Chester and Frodsham

PureGym invests in Denmark as overall revenues overtake 2019 levels

Pure Gym saw its Q2 revenues jump to £119m, a 9 per cent increase on the pre-pandemic second quarter of 2019
The budget chain opened nine new clubs during Q2 2022, taking the number in its estate to 525
The group said its outlook remains "positive but cautious", as disruptions continue despite the easing of pandemic restrictions
One of Pure Gym's major focuses is to "realise the full potential" of its business in Denmark
Job opportunities
Brio Leisure
£35,745pa + excellent benefits
location: Chester and Frodsham, United Kingdom
more jobs

Pure Gym saw its Q2 revenues jump to £119m, a 9 per cent increase on the (pre-pandemic) second quarter of 2019.

The figure also marks a 43 per cent increase on Q2 2021.

The budget chain opened nine new clubs during Q2 2022, taking the number in its estate to 525.

Adjusted EBITDA during the period was £26m, up 58 per cent on 2021. EBITDA, however, still trails below the pre-pandemic level of £34m in Q2 2019.

In a statement, Pure Gym said it is "deploying increased effort, resources and focus on cost management", which has led to an "excellent liquidity position" with £285m of cash and £430m of total accessible funds – including £30m cash held by parent company, Pinnacle Topco.

This has allowed the group to lay out its growth plans.

Pure Gym expects to open more than 50 sites this year across the group – both corporate-owned and franchised – and to then double the opening and refurbishment rate for next year (2023).

CEO, Humphrey Cobbold said the company's approach remains "positive but cautious" as disruptions continue, despite the easing of pandemic restrictions.

"Recovery continues, but consumer confidence, hot weather and strike disruptions are not making it easy," he said.

"Notwithstanding the headwinds, overall momentum of strategic execution is building well, enabled by a significant equity capital raise which was completed in Q1.

"We're remaining cautiously positive about the future, despite obvious economic challenges that lie ahead."

One of Pure Gym's major focuses is to "realise the full potential" of its business in Denmark, said Cobbold, where it operates under the Fitness World brand.

The group plans to invest more than £55m over the next two to three years in upgrading its product and member experience in the country.

At the end of 2021, the Fitness World estate consisted of 174 gyms and Pure Gym is actively looking open new sites where "pools of unfulfilled demand exist".

Earlier this year, Pure Gym revealed it's planning to double the number of clubs in its portfolio, with a target of reaching more than 1,000 clubs by 2030.

Sign up for FREE ezines, news alerts & magazines
Related news

Pure Gym opens new site in Riyadh – ramps up Middle East roll-out

17 Aug 2022
Pure Gym has opened its latest location in the Middle East as part of a ...

Pure Gym founder, Peter Roberts, invests in personal training app Another Round

11 Aug 2022
Peter Roberts, former CEO and founder of Pure Gym, has invested in Another Round, a ...
Pure Gym saw its Q2 revenues jump to £119m, a 9 per cent increase on the (pre-pandemic) second quarter of 2019.
HAF,FIT,IND,PTS
2022/THUMB349987_29327_585560.jpg

More News

1 - 15 of 67,989
21 Jun 2024
Results are in for the latest Good Spa Guide (GSG) consumer survey, with this year's findings categorised into five life stages to better understand different ... More
21 Jun 2024
The 2024 Global Wellness Summit (GWS) is set to make a splash in Scotland from 4-7 November, with the theme “A Watershed Moment for Wellness”. ... More
21 Jun 2024
According to a year-long study, offering financial incentives to people to encourage them to lose weight is effective and could be a low-cost solution to ... More
20 Jun 2024
Xponential Fitness has appointed sales and franchise expert, Mark King, as CEO, to take the company forward following Anthony Geisler’s abrupt exit in May. King ... More
20 Jun 2024
Fitness influencer and karate champion, Anna Lewandowska, has announced the launch of a multi-concept boutique in Barcelona called Edan Studios based on HIIT, Pilates and ... More
20 Jun 2024
Turkish hospitality group Maxx Royal Resorts has launched a new upscale coastal retreat on Türkiye's Bodrum peninsula, complete with a large 4,500sq m destination spa. ... More
19 Jun 2024
Victoria Brownlie, the British Beauty Council’s chief of policy and sustainability, has been named in King Charles’ Birthday Honours 2024 for her services to the ... More
19 Jun 2024
The Health & Fitness Association (formerly IHRSA) has announced Singapore-based attorney and international industry advocate, Sean Tan, as its senior representative in Asia. In the ... More
19 Jun 2024
With the UK General Election imminent, industry strategist, Martyn Allison, says it’s time for the sector in the UK to stop asking for money and ... More
19 Jun 2024
Global restaurant brand, Subway, has teamed up with GB Basketball, Breaking GB and Skateboard GB to promote physical activity in these three emerging sports. The ... More
19 Jun 2024
A new retreat focused on helping people lead longer, happier lives is launching on the Japanese island of Okinawa. As one of the world's five ... More
18 Jun 2024
More than 20 organisations have joined together in the UK to form the Swim Alliance, which will advocate with one cohesive voice and work to ... More
18 Jun 2024
One&Only Resorts has introduced a new three-storey spa on the picturesque Greek island of Kéa, located at its recently launched oceanfront property, One&Only Kéa Island ... More
18 Jun 2024
According to a number of recent studies, semaglutide weight-loss drugs can be effective in treating depression, anxiety, dementia, addiction and some eating disorders. There is ... More
17 Jun 2024
German health and fitness operator, LifeFit Group, has found a new investor – Waterland Private Equity Investments. The deal is expected to complete later this ... More
1 - 15 of 67,989
The Leisure Media Company Ltd
The Leisure Media Company Ltd