The Gym Group plc Reports Earnings Results for the Year Ended December 31, 2017; Plans to Open 15 - 20 New Gyms in 2018; Provides CapEx Guidance for the Year 2018
The company expects to open a further 15 - 20 new gyms in 2018 with more in the first half than in recent years.
The company expects there'll be a bit more CapEx to spend in 2018 when the company did the gym equipment and then a follow-up with any work that the company didn't do in that first phase. The company probably expects at this point the CapEx to be - that other CapEx line to be at the similar sort of level as it was last year.