Year-over-year Ebit rose by 22 percent to €122,962,000 and annual net profit jumped by 15.5 percent.
Technogym, The Italian group reported double-digit increases in both its Business-to-Business (B2B) and Business-to-Consumer (B2C) segments and improved sales in all geographies in 2024. Year-over-year Ebit rose by 22 percent to €122,962,000 and annual net profit jumped by 15.5 percent to €89,115,000 from €73,640,000.
Total FY24 revenues increased by 11.5 percent to €901.3 million from €808.1 million as the B2C and B2B businesses each grew by more than 11 percent. The consumer segment had an 11.3 percent sales improvement to €184,357,000 despite “an unfavorable global trend affecting various industries,” the company said. Meanwhile, the commercial segment, which includes the club, home, hospitality & residential, health, corporate and performance units, grew by 11.6 percent to €716.9 million. In the EMEA, excluding the company’s home market, annual sales grew by 10.1 percent to €416.1 million. Sales in the Americas region, rose by 13.9 percent to $416.1 million and by 16.3 percent to $126.4 million in the Middle East driven by global trends emphasizing wellness and luxury living.
Meanwhile, over the last two months, the group has established a new US headquarters in Jersey City, New Jersey, and launched its “Healthness” concept that develops preventative health programs data and artificial intelligence.
Technogym believes it’s positioned to outpace market growth with an annual increase of about 5 percent through new innovations, ongoing investments in AI, and the acquisition of new competencies. The company also intends to continue making investments in production to improve product quality and margins.
