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

HIDROPLAY

Hidroplay welcomes you to the exciting world of children's Playscapes, waterslide's and Water Attractions. Appealing to families, Hidroplay increases patronage in your facility during those…

read more

Aquatics / Play / Recreation

 
 

RHINOPLAY

Rhinoplay offers playground equipment in Australia that is safe, durable, and most importantly fun! We specialise in creating unique indoor playgrounds for play centres and outdoor playgrounds for…

read more

Parks / Play / Surfaces

 
 

SYNERGY FITNESS

The Calgym/Synergy group has had a long and proud history since 1976 as world leaders in the innovation, design and evolution of commercial strength and conditioning equipment. The Synergy group was…

read more

Fitness / Technology / Wellness

 
 

LEISURE CONCEPTS AUSTRALIA

Leisure Concepts brings the world’s leading fitness equipment brands to Australasia - these include True Fitness, Atlantis Strength, Merrithew (Stott Pilates), Intenza Fitness,…

read more

Fitness / Recreation / Technology / Wellness

 
 

VIVATICKET

As of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as VIVATICKET Pty Ltd.  19th July 2018 - ENTA AUSTRALASIA REBRANDS AS VIVATICKET 17th October 2016…

read more

Attractions / Entertainment / Sport / Ticketing / Venues

 
 

VLOCKER

Vlocker Pty Ltd has been designing, manufacturing, installing and servicing locker systems worldwide since 1995. Vlocker specialises in providing locker solutions to suit client requirements in…

read more

Aquatics / Attractions / Safety / Security / Venues

 
 

revolutioniseSPORT

revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…

read more

Recreation / Sport / Technology

 
 

Fun Wheels Pty Ltd

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

Attractions / Tourism / Venues

 
 
 
 

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