Cesena (Italy), October 27th 2021 – With reference to the English version of the press release published today about the 9 months 2021 trading statement, Technogym S.p.A. announces that there was a material error in the table titled Revenue by geographic areas where the lines Italy and North America were wrongly switched.
Please find below the correct version of the press release.
The Technogym Board of Directors reviewed the consolidated revenues of the first nine months of 2021
Technogym grows by 21%
• CONSOLIDATED REVENUE: Euro 424.8 million (+21%), compared to 351.5 million of the first nine months of 2020.
• BtoB growth accelerates, +15% at Euro 292 million in the period
• Home Fitness growth continues, +36% at Euro 133 million
Nerio Alessandri, Technogym Chairman and CEO, commented:
Fitness centers have reopened all over the world and people are returning to the gym more quickly and enthusiastically than expected. The major industry operators record attendance levels in fitness clubs equal, or even higher, than the pre-pandemic scenario.
The growth of the BtoB segments, which had already begun in the second quarter, continues at double digits also in the third, driven not only by the recovery of the clubs, but also by the continuous expansion of the health and sport segments.
During the pandemic, people got used to training at home and now this trend is joined by a strong return to training at the gym and outdoors. To support these Wellness and Fitness beginners, we released in July the new Technogym App, a virtual coach that helps users achieve maximum results in the shortest time with personalized training programs and on-demand video workouts.
Looking at the medium term, we believe that wellness and health will remain central trends at a global level and for this reason we are confident to continue to grow and to return, from 2022, to an overall turnover higher than 2019, thanks to the anticipated recovery of BtoB and the further growth in the Home segment, that leverages our prestige positioning, confirmed by the recent collaboration with Dior”. Cesena (Italy), October 27th 2020 – 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 2021.