Investment case

Investment Case

Investment Case
Who we are

Who we are

Technogym is the leading brand in the field of commercial and home gym equipment. Globally recognized as "The Wellness Company", its goal is to help develop the philosophy of fitness and well-being and turn it into a true lifestyle. To do so, Technogym provides people with gym equipment of the highest quality, together with other services like content and programs.

A global love brand

Technogym is active in more than 120 countries in the world, through 14 subsidiaries, 80+ exclusive distributors plus strategically located Technogym showrooms.

70
70 m

People training with Technogym products

100,000
100,000

The number of wellness centres using Technogym products

400,000
400,000

Homes using Technogym products

Technogym is ESG native

Technogym is ESG native

The close alignment between business strategy and sustainability is the guiding force behind the Group’s decisions and actions, aimed at addressing people’s health needs. Placing the wellness of the end user and, consequently, the community at the core of its objectives throughout the entire life cycle of its wellness solutions, the Group’s business model is uniquely positioned. This combination of factors not only underscores the distinctiveness of our business model but also facilitates strategic growth.

Performance meets consistency

Technogym’s performance ensures both short-term and consistent long-term value creation:We have always been focused on sustainable and profitable growth, ensuring a strong financial track record for our shareholders– with 40 years of profit growth – and a solid balance sheet.

Share price and dividend information
€808
€808 m

2023 consolidated revenue (+12% vs 2022)

€152
€152 m

Adjusted EBITDA (+15%)

€127
€127 m

Net cash position

63
63 %

Recurring Cash Conversion (free cash flow before taxes/EBITDA)

Our strategy: The wellness on the go

Our strategy: The wellness on the go

Wellness on the go means Technogym experience anytime and anywhere.

Our ecosystems integrates connected equipment, digital content, and services, enabling us to provide our community with a unique and personalized Technogym experience.

With both live and on-demand content accessible from connected equipment or any personal device, we allow individuals to embrace wellness anytime and anywhere.

A huge market opportunity

A huge market opportunity

The global fitness equipment market is growing steadily as a result of increasing awareness of health and wellness. Technogym operates in a resilient industry with a positive outlook, driven by the growing demand for fitness solutions:

As the facilitator of the wellness lifestyle and the sole iconic brand in the industry, Technogym is exploring additional opportunities that align with its distinctive positioning:

Sustainable growth drivers

The growing awareness of health, corporate wellness programs, and the trend towards fitness are collectively propelling the market in which Technogym holds a leading position. Investments both in research and development, resulting in more than 300 patents, and in the promotion of the wellness lifestyle are securing Technogym a superior capability to seize the opportunities presented by the wellness market.

Increased consumer interest for wellbeing

Increased consumer interest for wellbeing

Physical activity contributing to good mental health and maintaining a balanced lifestyle

Ageing population in need of preventive measures

Ageing population in need of preventive measures

Willingness of elderly people to increase spending on health products

Corporate wellness

Corporate wellness

Helping companies attract the best talent and improve workforce productivity by having a Technogym wellness area in the office.

Reports and presentations

Reports and presentations

Browse all our financial report and presentations

Promoting wellness

Promoting wellness

Technogym has long embraced its responsibility to help create a healthier world. We improve people’s quality of life through exercise and wellbeing, in full alignment with the UN’s Sustainable Development Goals.