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Article: Virgin Active reports 28% ebitda rise to 76m [pounds sterling].(News: Health, fitness & sport)(Financial report)
- Article from:
- Leisure Report
- Article date:
- July 1, 2008
CopyrightCOPYRIGHT 2008 William Reed Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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UK and international health club operator Virgin Active has announced an eight consecutive year of revenue and ebitda growth.
Unveiling summary results for the year to 31 December 2007, the firm said revenues were up 4% to 313.5m [pounds sterling], generating ebitda of 76.2m [pounds sterling], a rise of 28% year-on-year. Membership numbers also rose 4%, from 835,000 to 872,000. The 2006 proforma results are based on 2006 audited results, adjusted to include the full year revenue and ebitda contribution of the Holmes Place UK business, acquired on 31 October 2006.
Virgin said it had seen strong sales and profit growth in South Africa, the UK, Italy and ...