Categories: News

Technogym S.p.A.: Board of Directors Approved the Draft Consolidated Results for the 2018 Financial Year

FacebookFacebookTwitterTwitterEmailEmailLinkedInLinkedInWhatsAppWhatsAppMessengerMessengerFlipboardFlipboardGmailGmailTelegramTelegramShareShare

CESENA, Italy, March 28, 2019 /PRNewswire/ —

  • CONSOLIDATED REVENUE: Euro 634 million, +8% on 2017. At constant exchange rates, consolidated revenue growth stands at +10%
  • EBITDA: Euro 134 million, +12% on 2017
  • NET PROFIT: Euro 93 million, +53% on 2017
  • NET FINANCIAL DEBT: Euro 35 million, improving compared to Euro 41 million in 2017
  • PROPOSED DIVIDEND of Euro 0.18 per share, totaling Euro 36 million, doubled compared to 2017

TECHNOGYM SKILLATHLETIC TRAINING EXPERIENCE (PRNewsfoto/TECHNOGYM)TECHNOGYM SKILLATHLETIC TRAINING EXPERIENCE (PRNewsfoto/TECHNOGYM)

Nerio Alessandri, Chairman and CEO said:

“3 years after our IPO, as promised to our shareholders, Technogym continues to grow in a sustainable and profitable way. In 2018 our net profit was up by over 50% and we are proud to propose to the Shareholders Meeting a dividend doubled compared to last year.

Technogym’s 2018 consolidated revenue grew in the most important geographic areas. To be highlighted the solid growth in Europe, our most consolidated market and the double digit growth performances in Asia (China +26%, Japan +16%) and North America (+19%).

Innovation remains the engine of the Technogym growth. Thanks to our exclusive “Wellness on the go” strategy, we are the only player able to offer consumers their personal training program anytime and anywhere, though our unique digital ecosystem, that includes smart equipment, digital apps, services and contents, today installed in 15 thousand fitness centres in the world and used by 12 million people.

In 2018 we have continued to innovate with the development of engaging training programs, designed to satisfy the end-users different needs and passions: from Cycling, to Running, Bootcamp, Circuit Training and Skillathletic Training Experience, born from our competence in the world of sport performance.

This has led us to create and deliver to industry operators – fitness clubs, corporate, hotels – different Technogym Formats dedicated to specific experiences and made of an ecosystem of products and services, training programs, visual merchandising, to evolve the traditional fitness club model into the new CLUB 4.0 concept: “Different experiences for different passions” in a shop-in-shop perspective.

Thanks to our innovative Technogym Live platform, already previewed in London, we will be able to offer consumer, on Technogym’s equipment consoles, via streaming, their favorite trainers classes and programs at home, at the gym, in hotel, at work.

Year after year we are realizing our vision of being the world leader wellness solution provider, in line with our social mission of helping people living better for the benefit of all stakeholders: Governments, Companies and Citizens. Wellness represents also for Technogym a great development opportunity for a long term sustainable and profitable growth.”

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/technogym-spa-board-of-directors-approved-the-draft-consolidated-results-for-the-2018-financial-year-300820141.html

SOURCE TECHNOGYM

Staff

Recent Posts

Smart Textiles Market worth $5.56 billion by 2030 – Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., Aug. 11, 2025 /PRNewswire/ -- The smart textiles market is projected to grow…

1 hour ago

Flow Cytometry Market worth US$9.85 billion in 2033 with 8.7% CAGR | MarketsandMarkets™

DELRAY BEACH, Fla., Aug. 11, 2025 /PRNewswire/ -- The global Flow Cytometry Market, valued at US$4.87…

1 hour ago

Avantor® Reiterates Shareholder Value Creation Focus

Emmanuel Ligner, Seasoned Leader with Proven Track Record of Value Creation in Life Sciences, to…

1 hour ago

Nordic and CLEAR partner to offer healthcare organizations a seamless, secure way to manage EHR accounts

MADISON, Wis., Aug. 11, 2025 /PRNewswire/ -- Nordic®, a global health and technology consulting company,…

1 hour ago

Intas & Accord signs Agreement to acquire Prothya Biosolutions

AHMEDABAD, India, Aug. 11, 2025 /PRNewswire/ -- Accord Plasma B.V., a subsidiary of Intas Pharmaceuticals,…

1 hour ago

EVERISE STRENGTHENS LEADERSHIP TEAM WITH CHIEF REVENUE OFFICER AND CHIEF FINANCIAL OFFICER APPOINTMENTS

PLANTATION, Fla., Aug. 11, 2025 /PRNewswire/ -- Everise, a global leader in transforming customer experiences,…

1 hour ago