Viva Leisure completed its first acquisition since the HY 2024 results release, funded through existing debt facilities.
The company now operates 170 corporate locations.
Viva Leisure saw over 2,000 organic net member enrolments in February 2024, significantly exceeding its monthly target.
Total Corporate Membership has surpassed 191,000, a more than 6% increase since HY 2024.
Total Network Membership now exceeds 363,000, marking over a 5% increase since HY 2024.
FY 2024 revenue guidance is reaffirmed at $162 million to $164 million, with EBITDA projected between $35 million and $35.5 million.
CEO Harry Konstantinou highlights the strong operational performance and the non-discretionary nature of the industry, emphasizing the company's market leadership and growth potential.
Viva Leisure has a track record of over 70 successful acquisitions in the past five years, with proprietary systems that minimize integration risks.
Founded in 2004, Viva Leisure operates across several Australian states and the Plus Fitness group, aiming to make health and fitness accessible and affordable.
This announcement is a summary of the company approved ASX announcement on 4/3/2024.