Health clubs boost Ardent revenue

A SOLID performance from its expanded health clubs division has helped boost first quarter revenue and earnings for Ardent Leisure Group.

The leisure and entertainment provider, which operates health clubs, theme parks, bowling alleys, marinas and indoor family entertainment centres, on Monday released unaudited revenue and earnings figures for the three months to September 30.

Group revenue rose 19.8 per cent to $126.2 million, and earnings before interest, tax, depreciation and amortisation (EBITDA) lifted 19.4 per cent to $32.3 million compared to the prior corresponding period.

The Goodlife health clubs chain generated a 51.6 per cent lift in revenue to $40.43 million.

In October 2012, Ardent strengthened its network of health clubs when it completed the $60.9 million acquisition of 11 fitness clubs, and one under development, operated by Fenix Fitness Clubs.

In August 2012, Ardent acquired six Fitness First clubs for $5.4 million.

"The first quarter has seen solid like-for-like growth in the clubs," group chief executive Greg Shaw said.

"The transition to fully outsourced personal trainers is now complete and this restructure has positively impacted operating margins."

The Main Event indoor entertainment centres in the United States, which include activities such as bowling, arcade games, rock climbing and mini golf, lifted revenue by 20.9 per cent to $US20.46 million.

Mr Shaw said the introduction of full-service casual dining at the centres had boosted the amount spent by customers.

Revenue from the theme park division, the marinas, and the bowling alleys was largely in line with the prior corresponding period.

Shares in Ardent Leisure were 4.5 cents higher at $2.015 at 1327 AEDT.

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