Claiming that it is gaining further market shares in the fitness equipment market, Technogym reported a 6.1 percent sales increase to €124.7 million for the first quarter of 2018, with growth in all the main geographies. In terms of local currencies, sales went up by 12 percent.
The Italian company reported increases in euros of 7.8 percent in field sales and 6.3 percent in wholesale revenues, which remain the main distribution channels for the company. Retail sales jumped by 33.7 percent to €1.79 million, but the company said this segment still has a marginal weight in its business model, retaining for the moment a showroom function to support the other main sales channels.
Sales grew by 6.9 percent in Italy and by 2.9 percent in the rest of Europe. They went up by 5.1 percent in the Middle East, India and Africa and by 7.2 percent in the rest of the Asia-Pacific area. They rose by 14.0 percent in North America and by 60.1 percent in Latin America.
More than 90 percent of the company's revenues were generated outside of Italy, with about 40 percent of the total coming from outside Europe. The strong momentum in the Americas followed the double-digit increase recorded in 2017 in the region.
During the quarter, Technogym launched an innovative treadmill for athletic training, called Skillrun, which is completely integrated into its “digital ecosystem.”
