Home > Technogym: Revenue growth in Q1 2017
Tuesday, May 2, 2017 - 18:53
  • Consolidated revenues of €124,1 million in Q1 2017, with +7,4% growth versus Q1 2016 (€115,57 million)
  • At constant exchange rates, consolidated revenue growth in Q1 2017 stands at +6.6% versus Q1 2016
  • Strong growth in APAC and in North America and further consolidation on the European market
  • Approved Regulations of the Performance Shares Plan 2017-2019

Cesena (Italy), 2 May 2017 - The Board of Directors of Technogym (MTA: TGYM), one of the leading international operators in the fields of fitness and wellness, today approved the Group’s interim consolidated revenues statement for the first quarter of 2017, prepared in accordance with the International Financial Reporting Standards issued by the International Accounting Standards Board.

Nerio Alessandri, Chairman and CEO, commented: "Technogym continues to grow faster than the market. Despite the unstable international scenario, the company has registered a double-digit growth in North America and Asia, two strategic areas for the medium-long term development. The potential of Technogym’s brand, management and product portfolio is very high, therefore we are confident that we will be able to reach this year’s goals.”