The Technogym Board of Directors approved the consolidated revenues of the first nine months of 2017
Technogym continues to grow
Sales are up in all geographic areas
- Consolidated revenues standing at Euro 413.8 million, up by 7.5% in the first nine months of 2017 compared with Euro 385.1 million in the same period of last year.
- At constant exchange rates, the Technogym group reported an 8.1% growth in the reference period.
- The boost to economic growth in North America (+11.2%), Asia Pacific (+9.7%) and Latin America (+37.7%) is again confirmed.
Cesena (Italy), October 27, 2017 – The Board of Directors of Technogym (MTA: TGYM), a globally leading company operating in the fitness equipment area and active in the broader wellness sector, has reviewed today the consolidated revenues of the first nine months of 2017, prepared in compliance with the International Reporting Standards issued by the International Accounting Standards Board.
Nerio Alessandri, Chairman and CEO, commented:
“For more than two decades, Technogym has been promoting wellness, a sports and health-oriented life style, that represents an opportunity for both economic growth and social development. The consistency of the company strategy with this vision has enabled it to constantly grow over the years as well as to build an aspirational brand worldwide. Technogym performance continues to grow and to gain market shares, with rising rates and double digit results in the areas with greater future growth potential, such as the United States and China. The 360 degree innovation, from the product to the digital ecosystem, continues to be a key priority for Technogym which in 2017 launched new products like SkillRow and MyCycling as well as new digital applications. Together with my team, we are very proud to be moving toward the end of 2017 with the belief that it will be a milestone for Technogym 4.0.”