Technogym records an “pre-olympic” performance in the first half of 2024

The first half of the year showcased significant growth across both the B2B and B2C segments, surpassing previous records in revenue, while also demonstrating substantial financial stability. A significant portion of this growth was reinvested into innovation to ensure its sustainability over the long term. Notably, growth was observed across all global regions during the second quarter, with the Middle East experiencing considerable expansion, alongside notable growth rates in Latin America, the United States, and Europe. Additionally, the Asia-Pacific region returned to positive territory compared to the first six months of 2023. Total consolidated revenue was Euro 402.1 million, +8.7% compared to Euro 370 million in the first half of 2023

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In terms of Adjusted EBITDA, there was a double-digit improvement over the previous fiscal year, largely driven by increased sales volumes and an optimized product mix. Profitability also saw substantial gains, with Technogym achieving double-digit growth. Adjusted Net Income rose to EUR 32.5 million (+15.4% increase compared to the same period in 2023). The Net Financial Position was positive at EUR 93.9 million, an improvement from EUR 72.2 million as of June 30. .

In the first half, Technogym expanded its wellness solutions offering by enhancing its digital ecosystem. This included the launch of Technogym Check Up, an AI-based assessment station capable of evaluating the physical and cognitive conditions of individuals and providing personalized training programs. Additionally, the new REV line targeted at the health market was introduced. During the same period, Technogym enriched its precision training offerings on the Technogym App and opened new boutiques in London, New York, and Paris. Technogym also prepared to host approximately 15,000 athletes at its training centers for the Paris Olympics. .

Source: Technogym .
Picture: Technogym

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