The year ended with record revenues of € 721.5 million (+18% compared to 2021 or +15% at constant exchange rates) thanks to double-digit growth on all continents, with a particularly positive performance in both North America (+46%) driven by the USA, and in Europe (+14%) despite market uncertainty. The data reflects the company's speed and flexibility in adapting first to the challenges posed by the pandemic in 2021, with significant growth in the consumer segment, and then resuming strongly in 2022, with a +29% growth in the commercial segment.

The latter showed an increase in all segments, with "Hospitality & Residential" and "Health Corporate and Performance" achieving the highest results in history. However, the uncertainty of the international political situation and inflationary pressures have affected the consumer segment, which saw its turnover decrease by -9%.

Adjusted EBITDA is € 132 million, up +23%, and is now close to the record achieved in the pre-pandemic year, with an adjusted EBITDA margin of 18.3%. Adjusted net profit grew by +29% to € 66 million, allowing for a proposed dividend of € 0.25 per share. The net financial position is positive at €122 million, an improvement of € 26 million compared to 2021, thanks to the significant cash generation recorded in the fiscal year. Source: Technogym Picture: Technogym