Grupo Sports World, S.A.B. de C.V. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net revenue of MXN 357,517,000 against MXN 323,011,000 a year ago. Operating income was MXN 26,008,000 against MXN 21,578,000 a year ago. EBITDA was MXN 66,380,000 against MXN 64,644,000 a year ago. Earnings before taxes were MXN 16,885,000 against MXN 13,351,000 a year ago. Net income was MXN 13,475,000 or MXN 0.17 per share against MXN 9,337,000 or MXN 0.12 per share a year ago.

For the full year, the company reported net revenue of MXN 1,363,874,000 against MXN 1,191,592,000 a year ago. Operating income was MXN 69,562,000 against MXN 54,505,000 a year ago. EBITDA was MXN 228,227,000 against MXN 204,444,000 a year ago. Earnings before taxes were MXN 39,529,000 against MXN 22,594,000 a year ago. Net income was MXN 29,723,000 or MXN 0.37 per share against MXN 16,242,000 or MXN 0.20 per share a year ago. Net cash flow from operations was MXN 216,884,000. Acquisitions of leased location improvements, furnishings, equipment and constructions were MXN 185,667,000. Acquisitions of intangible assets and other assets were MXN 7,204,000. Net financial debt was MXN 306,365,000.

The Company expects a 19% to 21% growth in Net Revenue and more than 21% in EBITDA, which represents an EBITDA Margin of at least 17%.

Also, the company plans to open eight New Clubs during the year, with a total investment of approximately MXN 280 million.