DW Sports posts ‘excellent’ FY results

The Business Desk reports that Dave Whelan Sports Ltd made “excellent progress” in its last financial year.
The group grew sales at both its gyms and stores as turnover in the year to April 1 2012 grew from £139.4m to £143.1m. Sales at the 66 fitness clubs rose from £79m to £85.2m and in the DW Sports retail stores from £57.8m to £60.3m.
The business posted healthy increases in ebitda, up 53% at £15.6m and pre-tax profits 95% ahead at £7.4m compared with £3.8m in 2011.
Gross margins increased from 70.8% to 73.6% and net assets increased from £6.2m to £11.8m.

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