Revenues grow at Goodlife Health Clubs

Ardent Leisure owned Goodlife Health Clubs have recorded a 17.2% increase on revenues in the last quarter.

Ardent's Health Club Division portfolio recorded total revenues of $25.65 million for the quarter, representing a 17.2% increase on revenues of $21.88 million recorded in the prior corresponding period. An EBITDA of $5.15 million was recorded for the period representing a 15% increase on EBITDA of $4.48 million recorded in the prior corresponding period. Operating margins before property costs for the period grew from 38.9% to 39% for the quarter.

Reporting the performance, Ardent Chief Executive Greg Shaw noted, "the success of recent acquisitions in Melbourne and Perth have added to strong like for like earnings performance. On a constant centre basis, revenue has increased 1.8% while earnings before property costs have increased 3.8%.

The portfolio has continued to see consistent membership growth through the quarter and notably our most recent new club development at Cross Roads in Adelaide has reached membership maturity within 6 months of opening."

Goodlife are set to add two new clubs to their existing 44 facilities, with openings in Dernancourt, South Australia (set to open in the fourth quarter of 2012) and Maroochydore, Queensland (set to open in the first quarter of 2013).

Elsewhere in the Ardent group, the Bowling division delivered total revenues of $30.90 million, representing a 0.6 % increase on revenues of $30.71 million recorded in the prior corresponding period.

The division also opened a new Kingpin centre in Townsville on 21st October while new M9 laser facilities are under construction at AMF Castle Hill and AMF Macarthur in Sydney with completion scheduled prior to the December school holidays.

d'Albora Marinas recorded total revenue of $5.19 million for the quarter, representing an increase of 2.2% on revenues of $5.08 million recorded in the prior corresponding period.

In the USA, Main Event Entertainment recorded total revenue of US$13.50 million for the quarter representing an increase of 9% compared with revenues of US$12.38 million recorded in the prior corresponding period.

Speaking of the Main Event results Shaw stated "the Main Event business continues to deliver significant growth.

"Consistent revenue growth has now been achieved for over 18 months across all revenue categories and the Main Event Group has strong forward corporate bookings in place."

For more information go to www.goodlifehealthclubs.com.au 

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