PureGym to open over 20 new sites in second half of 2024
Gym operator PureGym is set to open between 20 and 25 new sites in the UK during the second half of 2024.
The group – which operated 387 UK gyms as of 30 June – opened nine new sites in the second quarter of the year, bringing its total number of UK openings in the first half of the year to 20.
This comes as PureGym releases its results for the second quarter of the year, a period during which it reported “reliable, ongoing growth”.
During the three months ending 30 June, the group recorded a global adjusted EBITDA of £41m, a year-on-year increase of £5m.
Total revenue during the first quarter reached £151.4m, up from £137.4m during the same period in 2023. During the first half of the year as a whole, the group recorded a revenue of £299.6m, a year-on-year increase from £270.5m.
PureGym also recently announced a change of role for CEO Humphrey Cobbold who will become chair of the board, as well as the appointment of Clive Chesser as CEO. Both changes will be effective from 6 November.
Cobbold joined PureGym as chief executive in 2015 and has led the company’s rise from a market entrant to an industry-leading gym operator. Chesser joins from Punch Pubs, where he is currently CEO.
Earlier this year, PureGym laid out its plans to open between 60 and 70 new gyms this year across its global markets.