Friday, February 9, 2018 - 14:32

The Technogym Board of Directors reviewed full year 2017 preliminary consolidated revenues

Technogym continues to grow in 2017

2017 Sales are up in all geographic areas, strong growth in China and United States. Starting from today TECHNOGYM will be protagonist, as Official Supplier, of the Pyeongchang 2018 Winter Olympic Games

  • Consolidated preliminary revenues stand at Euro 598,2 million, up by 7.7% compared to 2016. At constant exchange rates, Technogym reported a growth of 9.3%.
  • Important results in China +30% and United States +20%

Cesena (Italia), February 9, 2018 – The Board of Directors of Technogym (MTA: TGYM), a globally leading company operating in the fitness equipment area and active in the broader wellness sector, has reviewed today the unaudited full year 2017 preliminary consolidated revenues, prepared in compliance with the International Reporting Standards issued by the International Accounting Standards Board.

Final and complete 2017 annual results will be reviewed and approved by the Board of Directors on March 28th.

Nerio Alessandri, Chairman and CEO, commented:

“Technogym closed 2017, once again, with a solid revenues growth at global level. We are particularly pleased of the double digit growth we achieved in strategic areas for our future development such as China and the United States. In 2017, Technogym, consistently with its innovation focus, has launched new products like SKILLROW and SKILLRUN, combining Italian design and sport performance, in line with the growing trend of athletic training. As regards digital innovation we launched the new TECHNOGYM app – to offer a personalized wellness experience both on our products and in the daily life – and introduced direct login between Technogym products and Apple Watch with joint launch activities in London, New York and Sydney. When it comes to brand development, we are proud to be, for the 7th time, Official Supplier to the Olympic Games, which will kick off today in Korea”.