The company closed the year with a new record revenue of €901 million, up 11.5% year-over-year (+12% at constant exchange rates). Growth was double-digit in both the commercial segment (+11.6%) and the consumer segment (+11.3%), an impressive performance considering the strong 2023 results, which had already set a new revenue record for the Group. 

The Group recorded revenue growth across all global regions, with particularly strong performance in key markets. In EMEA, excluding Italy, where the Group holds the highest market penetration, Technogym grew by +10.1%, reaffirming the brand’s leadership in an expanding market. In the Americas, results were particularly impressive (+13.9%), with an acceleration in the second half of the year, reflecting the Group’s increasing ability to offer customers an unparalleled ecosystem of training solutions. 

EBITDA adjusted rose to €178 million (+17%), marking the third consecutive year of EBITDA margin expansion to 19.8%, compared to 17.5% in 2021, 18.3% in 2022, and 18.8% in 2023. Net income adjusted grew +15% to €90 million, improving the Group’s profitability to 10% of revenue, up from 9.7% in 2023. 

As of December 31, 2024, the Group’s Net Financial Position, which includes the effects of IFRS 16 accounting standards, was positive at € 160.1 million, reflecting an increase of € 33.3 million compared to the € 126.8 million recorded as of December 31, 2023. This improvement was primarily driven by operating cash flow generation and a positive change in Net Working Capital, despite dividend payments, capital expenditures, and the repurchase of treasury shares during the year. Excluding the impact of IFRS 16, the Net Financial Position amounted to €207.2 million. As of December 31, 2024, the Group had no outstanding bank debt.