The Technogym Board of Directors approved the consolidated revenues of the first three months of 2018
Technogym continues to grow
First quarter sales are up in all main geographic areas
- Consolidated revenues stands at Euro 124.7 million, up by 6.1% Y/Y in the first three months of 2018 compared with Euro 117.5 million in the same period of last year.
- At constant exchange rates, the Technogym group reported a 12% Y/Y growth in the reference period.
- The company continues to outpace market growth in all the main geographic areas
Cesena (Italy), May 15th, 2018 – 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 three months of 2018.
Nerio Alessandri, Chairman and CEO, commented:
“After the important sales result of approximately 600 million Euro registered in 2017, Technogym continues to grow in the first quarter of 2018 and to gain market shares in all main geographic areas. Product and digital ecosystem innovation remains the company’s strategic priority both in the sport performance sector, in which thanks to SKILL LINE Technogym has defined a new product category, and in the design and lifestyle sector with ARTIS and PERSONAL lines.
In the first quarter of 2018 we have launched SKILLRUN, the innovative treadmill specifically designed for athletic training and completely integrated in our digital ecosystem.
Beside product innovations, Technogym continues to innovate also on processes, in order to realize the new Technogym 4.0, based on IoT connected equipment, on the Mywellness cloud platform, on the CRM system and on the new SAP IT system, a challenging strategic project - that Technogym has been activating at global level in the last week - to allow the company to face future challenges”.