Latest News

Back to Latest News back

 

Viva Leisure 2018/19 financial results exceed prospectus forecasts

Viva Leisure 2018/19 financial results exceed prospectus forecasts
August 28, 2019

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.

Related Articles

8th August 2019 - Viva Leisure launches new app to offer keyless entry into clubs

25th July 2019 - Canberra’s Project Fitness Group to transition to HIIT Republic brand as it joins Viva Leisure stable

22nd July 2019 - Viva Leisure follows ASX listing with acquisition of Fitness 24/7 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

7th May 2019 - Viva Leisure opens three boutique fitness spaces in Tuggeranong precinct

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

18th October 2018 - Stock market launch for Club Lime owner Viva Leisure reflects positive fitness industry performance


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.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Goplay Commercial Playground Equipment

Goplay designs and manufactures specialised playground equipment for indoor play centres, hotels, food chains, clubs and resorts. If our years of experience and dedication have taught us one thing,…

read more

Play

 
 

TicketSearch Pty Ltd

TicketSearch is focused on providing businesses, organisations, and venues with affordable, efficient, and powerful self-managed ticketing solutions. The organisation has offices in Australia, New…

read more

Attractions / Entertainment / Technology / Ticketing / Venues

 
 

AUSTRALIAN WATERSLIDES AND LEISURE

A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…

read more

Aquatics / Attractions / Play / Waterparks

 
 

SeatGeek Asia Pacific

SeatGeek is a search engine and mobile-focused ticket marketplace that allows fans to buy and sell tickets for live events. As of August 2018, SeatGeek has exited the Australian, New…

read more

Entertainment / Sport / Technology / Ticketing / Venues

 
 

Anti Wave International

Anti Wave International is the original suppliers of top performance swim, aquatic sports, leisure and pool programming equipment. Founded in 1971, Anti Wave International is proud of its…

read more

Aquatics / Play / Sport

 
 

Hadley/Series Australia Pty Ltd

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

Arts / Culture / Design / Entertainment / Venues

 
 

AlphaFit

AUSTRALIAN MADE. FIT FOR PURPOSE. Based on the Gold Coast, AlphaFit is a leading manufacturer and supplier of Australian gym equipment specifically for the commercial, strength and conditioning,…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

Perfect Gym

Perfect Gym Solutions is a software as a service (SaaS) solution purpose-built to service the fitness industry, with over 1000 clients servicing over 2 million gym members across 40 countries making…

read more

Access / Fitness / Marketing / Recreation / Technology

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business