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Technogym (TGYM) investor relations material
Technogym Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary29 Oct, 2025
Executive summary
Revenue reached €708.5 million for the first nine months of 2025, up 14% year-over-year, and 15% at constant exchange rates.
Growth was driven by both B2B (up 15%) and B2C (up 10.1%) segments, with positive results across all regions.
Expanded global presence with new operations in South Africa, Indonesia, Mexico, and Brazil.
Launched new product lines including ARTIS LUXURY, Technogym Reform (Pilates), Personal Tools, and the RUN X Treadmill Running World Championship.
Achieved EcoVadis Platinum Medal for sustainability, placing in the top 1% globally with a score of 84/100, up 8 points from the previous year.
Financial highlights
Revenue for 9M 2025: €708.5 million, up 14% year-over-year; at constant FX, revenue was €714.8 million, up 15%.
B2B revenue grew to €567.9 million (+15%); B2C revenue reached €140.6 million (+10.1%).
All regions posted growth: Europe (excl. Italy) +11.8%, Americas +23.6%, MEIA +13.7%, APAC +7.5%, Italy +18.4%.
Field Sales grew 16.2%, Retail up 47.9%, Distributors/Wholesale up 9.5%, while Inside Sales declined 2.4%.
Outlook and guidance
Ongoing investment in innovation, digital ecosystem, and new initiatives like the RUN X World Championship expected to drive future growth.
Management highlights resilience and focus on serving diverse consumer and operator segments.
Forward-looking statements note uncertainties due to economic, regulatory, and market factors.
Elaborate on Retail channel growth drivers
How do AI/Ecosystem investments drive revenue?
What are the business impacts of Ecovadis Platinum?
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Frequently asked questions
Technogym S.p.A. is an Italy-based company specializing in the design, manufacture, and distribution of fitness and wellness equipment. The company offers a wide range of products, including cardio machines, strength training equipment, and digital solutions for personal and professional use. Technogym serves fitness centers, corporate wellness programs, rehabilitation facilities, and home users, integrating its products with software platforms to deliver personalized training experiences. The company is headquartered in Cesena, Italy, and its shares are listed on the Borsa Italiana.
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