A broadly in-line set of finals from Gym Group this morning, albeit with a few quibbles vs consensus expectations at the EBITDA/PBT level and actual contribution from the immature estate. Operationally it continues to execute well and lift market share in a growing market. Current trading commentary is positive and we note that in a post Brexit environment its value proposition and minimal cost headwinds are a virtue. These features and expectation of above average growth are largely reflected i ....
20 Mar 2018
Modest forecast miss, a good start to FY18 but no change to expectations
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Modest forecast miss, a good start to FY18 but no change to expectations
Gym Group Plc (GYM:LON) | 109 -0.4 (-0.4%) | Mkt Cap: 194.5m
- Published:
20 Mar 2018 -
Author:
Sahill Shan -
Pages:
4
A broadly in-line set of finals from Gym Group this morning, albeit with a few quibbles vs consensus expectations at the EBITDA/PBT level and actual contribution from the immature estate. Operationally it continues to execute well and lift market share in a growing market. Current trading commentary is positive and we note that in a post Brexit environment its value proposition and minimal cost headwinds are a virtue. These features and expectation of above average growth are largely reflected i ....