VVA, a leading technology-focused Australian health club owner and operator has released a trading update for the two months of March and April 2022.
Viva Leisure is expected to achieve its key milestone targets for 2022 with a revenue run rate (RRR) of over $9.5 million over the two months, an increase of over 10% in February 2022. Demonstrating the company’s growth, Viva Leisure has increased its corporate-owned location members by over 5000 new members in March and April bringing their total to over 150,000.
The company’s rapid expansion around the country has continued entering the Western Australia market through three Plus Fitness acquisitions, with another three exchanged contracts to be settled this month.
Harry Konstantinou, Viva’s CEO and managing director commented on the company’s performance:
“The last two months have clearly shown that we are back, stronger than ever, and very focused on executing our growth strategy as Australia’s leading technology-focused health club and gym provider”
“Our gyms now span five states across Australia, with 147 Corporate-owned sites. Upon settlement of the three exchanged contracts in Western Australia, we will achieve our 150 corporate-owned site target for the financial year in May”.