Wednesday, March 24, 2021 - 15:27
TECHNOGYM S.P.A.: BOARD OF DIRECTORS APPROVED THE DRAFT CONSOLIDATED
RESULTS FOR THE 2020 FINANCIAL YEAR
TECHNOGYM: +71% HOME FITNESS
The company sets the goals of 300 Million Home Fitness Revenue in 2022 and approx. 1 Billion Total Revenue in 2024
- CONSOLIDATED REVENUE: Euro 510 million, (-23.8% on 2019), including 154 million Home Fitness, representing 30% of total revenue (+71% on 2019). At constant exchange rates: -22.6% on 2019
- ADJ EBITDA: Euro 97 million, with Ebitda margin at 19% Vs 22% in 2019
- ADJ NET PROFIT: Euro 43 million compared to 85 million of 2019
- NET FINANCIAL POSITION: Euro 59 million at year end, improving from Euro 4 million of 2019, thanks to a 95 million cash generation
- Proposed dividend of Euro 0.22 per share (totaling 44 million)