Monday, November 7, 2016 - 18:02

Technogym continues to grow

  • Consolidated revenues of €385.1 million in the first 9 months of 2016, with a growth of +9.4% versus the €352.1 million recorded in the same period in 2015 1
  • At constant exchange rates, total revenues in the reference period have increased by +11.2%
  • The company has recorded a strong growth in North America (+29%). APAC has increased by +10.6% and the Italian market sends very positive signals (+16%)

Cesena (Italy), 7 November 2016 – The Board of Directors of Technogym (MTA: TGYM), one of the leading international operators in the fields of fitness and wellness, reviewed today the consolidated revenues statement for the first nine months of 2016, drawn up in accordance with the International Financial Reporting Standards issued by the International Accounting Standards Board.

Nerio Alessandri, Chairman and CEO, commented: “Also in the third quarter of 2016 we saw a continued trend of double digit growth, higher than the market average. We are particularly satisfied with the results obtained in the United States, both in terms of sales and positioning within the most prestigious clubs, hotels, companies and medical centres of the country. During the third quarter of 2016, the company also played a central role as the Official Supplier at Rio 2016 Olympic games, during which the best athletes of the world trained with Technogym.”