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PRODUCT NEWS
Go fit confirms plans to enter the Italian market following release of strong financials
08 Feb 2024 . BY Kath Hudson
Go Fit achieved growth and higher sales in 2023 / Go Fit
Iberian operator, Go fit, has confirmed its plans to move into the Italian market next year, following the release of strong year-end results for 2023.

The company currently has 20 clubs: two in Portugal and the rest spread across Spain. Its most recent development is a €22 million site in Tenerife in partnership with the local authority of the island, which will open in the first quarter of next year. The Turin club is scheduled to open next year and marks the operator’s entry into the Italian market.

This news comes in the wake of a strong recovery from the pandemic, with the company having reached pre-COVID levels in early 2023. EBITDA increased to €31 million last year, a 30 per cent increase on 2022, while sales increased by 15 per cent to €77 million. This was achieved through increases in income and cost efficiencies.

Speaking exclusively to HCM, strategy and innovation director and MD UK, Steve Ward, said: “The results of 2023 demonstrate the resilience and success of our business model and our readiness for new adventures. The years ahead are full of excitement for us, as we take our concept to new communities and increase our impact on society as a result.

“We're proud of our track record in inspiring people, families and communities to live healthier and happier lives and striving to create a more sustainable society as a result. This is made possible thanks to our capacity to invest significantly from our own resources in the creation of powerful partnerships with local authorities that result in world class services impacting the communities we serve.”

Go fit was selected by the United Nations Economic Commission for Europe in 2022 as an example of best practice for public-private partnerships (PPP.) This sees the company bid for long-term contracts to design, build, operate and manage facilities on public land. A PricewaterhouseCoopers audit of its social value showed the impact of its PPP model to be worth €300m a year in Spain.

The clubs offer evidence-based services covering exercise, nutrition, rest and motivation at an affordable price. Facilities include gyms, pools and classes. Concessions are offered to the economically disadvantaged and members’ children (under 16) can visit clubs free.

The CEO of Go fit, Mario Barbosa, will be profiled in an upcoming edition of HCM magazine. Sign up here and we'll email you a free digital edition on publication.

Barbosa will also be speaking at the upcoming European Health and Fitness Forum, where he will share insights from his transition to the health and fitness sector after a long career within McDonald's that culminated with him being the first European member of the Global Executive Committee as VP for East Coast US.
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Perfect Gym is a global software provider specialising in fitness and recreation facility management [more...]
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03-05 Mar 2024

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Javits Convention Center, New York, United States
20-20 Mar 2024

Global Massage Makes Me Happy & Healthy Day

Virtual, United States
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Jobs    News   Products   Magazine
PRODUCT NEWS
Go fit confirms plans to enter the Italian market following release of strong financials
08 Feb 2024 . BY Kath Hudson
Go Fit achieved growth and higher sales in 2023 / Go Fit
Iberian operator, Go fit, has confirmed its plans to move into the Italian market next year, following the release of strong year-end results for 2023.

The company currently has 20 clubs: two in Portugal and the rest spread across Spain. Its most recent development is a €22 million site in Tenerife in partnership with the local authority of the island, which will open in the first quarter of next year. The Turin club is scheduled to open next year and marks the operator’s entry into the Italian market.

This news comes in the wake of a strong recovery from the pandemic, with the company having reached pre-COVID levels in early 2023. EBITDA increased to €31 million last year, a 30 per cent increase on 2022, while sales increased by 15 per cent to €77 million. This was achieved through increases in income and cost efficiencies.

Speaking exclusively to HCM, strategy and innovation director and MD UK, Steve Ward, said: “The results of 2023 demonstrate the resilience and success of our business model and our readiness for new adventures. The years ahead are full of excitement for us, as we take our concept to new communities and increase our impact on society as a result.

“We're proud of our track record in inspiring people, families and communities to live healthier and happier lives and striving to create a more sustainable society as a result. This is made possible thanks to our capacity to invest significantly from our own resources in the creation of powerful partnerships with local authorities that result in world class services impacting the communities we serve.”

Go fit was selected by the United Nations Economic Commission for Europe in 2022 as an example of best practice for public-private partnerships (PPP.) This sees the company bid for long-term contracts to design, build, operate and manage facilities on public land. A PricewaterhouseCoopers audit of its social value showed the impact of its PPP model to be worth €300m a year in Spain.

The clubs offer evidence-based services covering exercise, nutrition, rest and motivation at an affordable price. Facilities include gyms, pools and classes. Concessions are offered to the economically disadvantaged and members’ children (under 16) can visit clubs free.

The CEO of Go fit, Mario Barbosa, will be profiled in an upcoming edition of HCM magazine. Sign up here and we'll email you a free digital edition on publication.

Barbosa will also be speaking at the upcoming European Health and Fitness Forum, where he will share insights from his transition to the health and fitness sector after a long career within McDonald's that culminated with him being the first European member of the Global Executive Committee as VP for East Coast US.
PRODUCT NEWS
Team GB chooses Absolute Performance for Olympic gym contract for third time
Cardiff-based gym design and installation company, Absolute Performance, has been awarded the contract to design, supply and install three gyms for Team GB for the 2024 games in Paris.
Balanced Body partners with Third Space on its new group reformer pilates offering
As Third Space unveiled its latest club in Wimbledon at the end of 2023 as part of its growth development into suburban, residential locations, it also revealed a new state of the art Reformer Pilates studio at the new site in response to members seeking a low-impact, full- body workout for all abilities.
Skillcourt UK launches at The Kia Oval, London
Skillcourt UK is thrilled to announce the official launch of its innovative platform at The Kia Oval in London.
VibeShift technology delivers enhancing vibration to indoor cycling
Power Plate’s new VibeShift technology is now available on the Power Plate Rev bike.
Resolute Multi-Stations offer a configurable design
In response to the growth in strength training, Precor has launched its Resolute Multi- Stations.
Nada Rx flooring reduces stress on joints
Ecore has launched Nada Rx, an ECOsurfaces PVC-free flooring line.
Boxblitx gamifies boxing
Boxblitx, an interactive boxing fitness machine, has been designed to transform gym routines by gamifiying boxing.
Emperor Ice Baths makes global debut
Tapping into the growing interest in cold water immersion, Emperor Ice Baths has created what founder Daniel Watson calls "the most bespoke [portable] ice bath on the market".
Hyperice and Escape Fitness partner to redefine recovery
Fitness and recovery brands Hyperice and Escape Fitness have teamed up to create dedicated recovery stations for spas, gyms and high-performance sport-specific training facilities.
Pulse has added a Curved Slat Treadmill to its offering
Pulse Fitness has announced the launch of two new products: the Curved Slat Treadmill and the Multi-Functional Trainer Rack.
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COMPANY PROFILES
Perfect Gym Solutions S.A.

Perfect Gym is a global software provider specialising in fitness and recreation facility management [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

03-05 Mar 2024

IBS New York

Javits Convention Center, New York, United States
20-20 Mar 2024

Global Massage Makes Me Happy & Healthy Day

Virtual, United States
+ More diary  
 


ADVERTISE . CONTACT US

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©Cybertrek 2024

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