|News & Know How| News
French and Russian Operators Honored Gueguen and Yusina receive European Club Leadership Award
T
wo of the industry’s most accomplished club opera- tors were honored during the 11th Annual IHRSA European Congress, held in October in Milan, Italy. The recipients of the IHRSA European Club Leadership Award were: Anastasia Yusina, the president of Strata Partners, based in Moscow, which owns the Orange Fitness and City Fitness brands; and Franck Gueguen, the CEO and chairman of Club Med Gym and Silhoutte Wellness, based in Boulogne-Billancourt, France.
“This award recognizes the European club leaders who have done the most to advance both their own company and the industry,” explains Hans Muench, Director of IHRSA Europe, “and we couldn’t have found two more worthy recipients than Yusina and Gueguen.”
In less than 10 years, Yusina and her husband, Alexey Kashirin, have transformed Strata Partners into a club chain with 33 facilities (13 Orange Fitness, 20 City Fitness), with some 60,000 members, and annual revenues of approxi- mately $40 million. In the process, they’ve also done much to introduce modern fitness concepts and practices to Russia. Gueguen has ushered Club Med, an established interna- tional brand, into the 21st century, introducing innovative
Franck Gueguen
Anastasia Yusina
billing and loyalty programs, and overseeing the acquisition, last February, of Silhouette Wellness, a Swiss brand. Together, the two branches operate 45 facilities with more than 100,000 members, generating $113 million in annual revenues. —|
Public Companies Post Healthy Increases Metrics up for Town Sports, Cybex, Life Fitness, and Precor
C
apitalizing on their second-quarter momentum, four of the industry’s major publicly held companies continued to improve on their financial metrics in Q3: Town Sports International Holdings, Inc. (NASDAQ: CLUB), the Manhattan-based club chain, posted across- the-board increases. Total revenue for the period was $116.1 million, up 2.7% from $113.1 in the third quarter of 2010; earnings before interest, taxes, depreciation, and amortization (EBITDA) was $21.8 million, up 23.0% from $17.7 million in Q3 ’10; diluted earnings per share were $0.08, compared with a net loss per share of ($0.00) in Q3 ’10; and total member count, up by 5,000, totaled 522,000. “Overall, this was
one of our best quarters in years,” observes CEO Robert Giardina.
20 Club Business Internat ional | DECEMBER 2011 |
ihrsa.org
Town Sports, through its subsidiaries, operates 158 fitness facilities in the U.S. and Switzerland. Cybex International, Inc. (NASDAQ: CYBI), the Medway, Massachusetts-based equipment manufacturer, logged its fourth consecutive quarter of year-over-year revenue growth. It had net sales of $33.5 million, up 14.7% from $29.2 million in Q3 ’10. However, it reported a net loss of $0.02 per diluted share, compared to a net loss of ($0.00) for the same quarter in ’10.
Life Fitness, the Schiller Park, Illinois-based manufacturer, had third-quarter sales of $157.2 million, up 14% from $137.7 million in Q3 ’10; and operating earnings of $22.6 million, up 32.9% from $17 million in Q3 ’10. The company, which markets the Life Fitness and Hammer Strength lines, is a subsidiary of the Brunswick Corporation (NYSE: BC).
Precor, Inc., the Woodinville, Washington-based manufac- turer, had Q3 ’11 sales of $79.2 million, up 8% from $73.3 million in Q3 ’10; and earnings before interest and taxes (EBIT) of $3.9 million, which represented no change from Q3 ’10. Precor is a subsidiary of the Amer Sports Corp. (AMEAS: HE) of Finland. —|
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116