Technogym grows +13%
Consolidated revenues: Euro 565 million, +13.3% compared to Euro 499 million of the first nine months of 2022, +15.4% at constant exchange rates
Nerio Alessandri, Chairman and CEO, commented: “The results of the first nine months of 2023 confirm our path of profitable, sustainable and long-term growth. Technogym is increasingly at the center of interest for consumers who are becoming more attentive to a wellness-oriented lifestyle. Physical exercise is now considered a medicine, and Technogym is the only player capable of delivering it with a personalized experience tailored to the needs and passions of each individual, to help people achieve results. Only Technogym is, in fact, capable of both serving the 'on the go' consumer wherever they are and customizing the experience through the Technogym app: at home, in top-notch gyms, in hotels, at work, or at the doctor's office.
At the same time, we continue to invest in technological innovation to make our Technogym Ecosystem increasingly unique and comprehensive in the world of fitness, sports, and health. We aim to build an aspirational brand that inspires and motivates consumers. 2024 will be a pivotal year in our journey for the development and promotion of the brand: Technogym will indeed be the Official and Exclusive Supplier of the Paris Olympics, and on the consumer front, we will be opening flagship stores in London and New York.
Our unique global business model, which allows us to control the entire value chain — from design to sales to the end-user relationship — and is not reliant on a single segment or country, will enable us to continue to face the future with strength and carry forward our mission, despite growing geopolitical tensions”.
Cesena (Italy) October 30th 2023 – The Board of Directors of Technogym S.p.A. (EXM: TGYM), the wellness company, reviewed the consolidated revenues of the first nine months of 2023.