Citi supports further acquisitions of the Australian company Viva Leisure

Citi supports further acquisitions of the Australian company Viva Leisure

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Citi supports further acquisitions of the Australian company Viva Leisure

BUZZ-Citi advocates further acquisitions for Australian company Viva Leisure

**Citi analysts believe that Viva Leisure’s profits VVA.AX the acquisition of eight new recreational clubs increases the EBITDA margin

** The Brokerage House maintains its “buy” recommendation and the target price of the shares at AUD 2.50/pcs.

**Citi increases FY25 EBIT estimates by 7.5% to reflect acquisition of health club owner increasing EBITDA

**Further margin-increasing acquisitions and club maturation should help increase margin benefits – intermediation

** Shares are down 1.6% YTD since last close

Shivangi Lahiri reports from Bengaluru

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