AusLeisure

Viva Leisure Limited has announced impressive results for the March quarter of the current financial year with record revenue of $13 million for March 2023, an increase in membership and an expanding club network.

The company’s annualised revenue run rate (ARRR) has reached $152.5 million while its EBITDA margin continues to exceed 20%.

The achievement in revenue growth and membership base by Australia’s second largest health club owner and operator, is attributed to its strategic expansion plan, which includes the addition of new clubs to its network.

The company’s total corporate club locations now stand at 168, and two more are expected to open before the end of the financial year.

Viva Leisure Chief Executive and Managing Director, Harry Konstantinou, expressed his pride in the company's strong performance, stating “(this) is a testament to the dedication and hard work of our team, as well as the loyalty of our growing membership base.

"Our strategic expansion plan continues to deliver results, and we are committed to maintaining this momentum as we move towards the end of the financial year. With a focus on providing exceptional fitness experiences and broadening our presence in the market, we are confident that Viva Leisure will continue to thrive as a leader in the health and fitness industry."

The slight decrease in utilisation rate during Q3 is attributed to the opening of new sites, which is expected to stabilise as the new clubs reach their full potential. The average revenue per member (ARPM) for March 2023 is $15.42, while the utilisation rate stands at 72.2%, a slight decrease compared to January utilisation rate due to new sites opening during the period.

Viva Leisure's guidance for the full financial year has been re-affirmed, with revenue expected to range between $137 million to $140 million and EBITDA between $28 million to $30 million.

VIVA Leisure has an extensive portfolio of facilities, starting with its flagship brand Club Lime and extending all the way to aquatic facilities, a cycle studio and a day spa with hydrotherapy pool.

Its brands include Pinnacle Health Clubs, Fit n Fast, HIIT Republic, GymmyPT, GroundUp and Plus Fitness.

Related Articles

2nd May 2023 - GapMaps survey shows net reduction of seven fitness clubs across Australia in last quarter

28th April 2023 - AUSactive Chief Executive says fitness can ‘save’ Medicare

13th March 2023 - Viva Leisure study shows Australians rate mental health as top reason for attending the gym

7th March 2023 - IBISWorld sees declining fitness industry revenue and potential saturation of budget 24/7 gyms

23rd February 2023 - Viva Leisure reveals 98% profit rise as group footprint rises to 338 locations

24th January 2023 - Plus Fitness reveals transformation and expansion plans for 2023

5th January 2023 - Viva Leisure launches industry first Club Lime Flex app

7th November 2022 - Viva Leisure’s Harry Konstantinou explains fitness as a lifestyle philosophy

20th October 2022 - Plus Fitness franchises transitioning with new club fit outs

9th September 2022 - Viva Leisure financial results for July and August 2022 exceed management expectations

20th August 2022 - 200 franchisees attend Plus Fitness’ annual conference at Sydney’s Accor Stadium

18th August 2022 - Viva Leisure financial results show income for last half year exceeding previous guidance

9th August 2022 - Plus Fitness partners with Keepme to accelerate innovation

16th June 2022 - Viva Leisure generates $10 million in monthly revenue through May

21st April 2022 - Chair and new Independent Non-Executive Director appointed to lead Viva Leisure

11th April 2022 - Viva Leisure expansion now sees it active as a club owner in Western Australia

5th April 2022 - Viva Leisure extends employment agreements for key executives

4th April 2022 - Viva Leisure makes key appointments to lead franchise expansion

13th July 2021 - Viva Leisure opens Club Lime and hiit republic gyms at Yamanto Central

---

Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.