SLE Worldwide Australia is a Managing General Underwriter specialising in insuring risks in the world of Sports, Leisure and Entertainment. Be it relaxing, playing, organising or watching sports,…read more
Viva Leisure 2018/19 financial results exceed prospectus forecasts
Leading fitness facilities operator Viva Leisure Limited has revealed extraordinary financial performance during the last fiscal year with profits more than doubling on the back of tripled revenue.
Listed on the Australian Securities Exchange (ASX) in June, shares in the Canberra-based company, which added around $8 million to its market capitalisation as of this morning, rose as much as 14% to $1.30.
Total group revenue hit $31.2 million for the financial year 2018/19, up 310% on 2018’s $7.6 million with a full-year profit of $2.9 million, a 112% improvement on last year’s $1.3 million.
Revenue was slightly down on the prospectus forecast of $32.9 million, but profit exceeded forecasts of $2.7 million.
Explaining that the result was achieved on the back of business expansion, Viva Leisure Chief Executive Harry Konstantinou (pictured) stated “today we have delivered a solid set of financial results for our shareholders, exceeding prospectus forecasts on all key metrics while continuing to build the business to be fit and strong for the future.
“Over the past 12 months, my team and I continued Viva Leisure’s growth trajectory by doubling the number of locations, at the same time increasing membership by over 50%.
“Our mature locations - opened in the previous financial year or earlier - continued to grow and contributed an additional $4m in revenue over the previous financial year.
Viva Leisure’s 7th June listing raised $20 million.
Strategic and operational achievements
• Viva Leisure’s total membership base at the end of June was 54,039, up 51.6% on 2017/18;
• Its number of operating locations increased from 21 to 40 during 2018/19;
• It competed and fully integrated four acquisitions, totalling six new locations in 2018/19;
• Viva Leisure entered the Victorian market with first location in Wodonga; and
• Monthly member visitations increased 53% to 282k visits in June 2019, up from June 2018.
Looking forward, Viva Leisure aims to maintain its entrepreneurial drive to ensure that it can respond to market conditions quickly, provide the best quality service and facilities possible to members and lead in its chosen markets.
8th August 2019 - Viva Leisure launches new app to offer keyless entry into clubs
8th June 2019 - Investors welcome Viva Leisure’s ASX listing
15th May 2019 - Club Lime further expands ACT presence with Conder club opening
10th May 2019 - Viva Leisure lodges prospectus and application for ASX listing
20th March 2019 - Club Lime announces acquisition of Goulburn health club Absolute Fitness
23rd January 2019 - Viva Leisure looks to continue fitness club expansion through 2019
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Hadley Australia and Series Australia Pty Ltd are the leading quality theatre chair manufacturers in the southern hemisphere. The businesses work closely with architects, interior designers and…read more
Ausfit began in 1992, providing software services to the health and fitness sector including ClubWise, a fully hosted web-based product which combines state of the art club management software,…read more
JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…read more
Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…read more
With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…read more
Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…read more
AUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!