- CONSOLIDATED REVENUE: Euro 151.6 million (+17.8% Y/Y)
- BtoB accelerates the growth at +38.8% Y/Y at Euro 107.4 million in Q1
- Double digit growth in almost all geographical areas
Nerio Alessandri, Technogym Chairman and CEO, commented:
"Technogym closes the first quarter of 2022 with a revenue growth of approximately 18% compared to last year and, above all, with a growth of over 15% compared to the first quarter of 2019.
This is the result of our long term strategic vision and continuous investments in innovation. Today, our connected ecosystem, unique in the industry, allows Technogym to offer the end users a personalized training experience everywhere at any time: at the gym, at home, when travelling, at work, at medical centres. Giving people the opportunity to stay active in every place represents not only an advantage for their health, but also an opportunity for our customers, fitness club operators, to increase members attraction and retention.
Our "wellness on the go" strategy has allowed us to support BtoB operators during the pandemic, and now allows us to benefit from the strong recovery of the commercial sector, while home fitness demand continues, even after the peak recorded during the lockdown, to stand above the levels of 2019.
Our business model focusing both on BtoB and BtoC allows the company to be flexible to the demand, as shown in the last two years. Despite the difficulties related to the international scenario, the results of the first quarter and the current order portfolio make us look forward to the rest of the year with confidence "