The EGYM Group grew strongly in the 2023 financial year and was profitable on an EBITDA basis for the first time. For 2024, the company, which employs over 700 people, plans to continue its strong growth from the previous year and generate revenue of EUR 500 million in 2025.

‘I am convinced that EGYM will make an important contribution to revolutionising the way people work out in gyms around the world. EGYM's technology enables unprecedented personalisation and progress measurement. Gyms increase their attractiveness for both experienced and new members.’ Marc Magliacano, Managing Partner of the L Catterton Flagship Fund

‘We are impressed by how EGYM has managed to bring its huge vision, which proved to be very challenging to realise, especially in the early stages, to market so successfully. EGYM is now actually offering employers a technology-driven solution that helps to increase employee wellbeing and productivity and reduce sick days and healthcare costs.’ Paul Madera, Co-Founder and Partner at Meritech

‘L Catterton and Meritech were my two absolute dream investor partners for our mission to build the leading global platform at the intersection of fitness and health. With Marc and Paul, we are strengthening our board with two absolute industry and IT experts. They share our vision of turning the world's largest market, the health market, from repair to prevention. Thanks to our smart technology solutions and our fast-growing international corporate wellness platform, we now have a real opportunity to accelerate this change and we are more determined than ever to do so.’ Philipp Roesch-Schlanderer, CEO EGYM

Source: EGYM, BODYMEDIA
Picture: EGYM