UK Budget Gyms – PureGym & The Gym Group – 2021 Outlook – 12 March 2021

  • Multi Asset
  • Consumer
  • Europe


Former divisional leader at Pure Gym Ltd


  • Coronavirus – membership churn and expected recovery, focusing on PureGym and The Gym Group (LON: GYM), including EBITDA break-even levels
  • Pricing outlook – acquiring new members
  • Budget gyms’ virtual offerings and margin implications
  • UK gym expansion opportunities and saturation points, highlighting opportunities in big and box formats
  • Rental outlook, government support and CAPEX requirements


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