Technogym anticipates a three-year period of sales growth. The Italian manufacturer of fitness equipment expects to increase its revenue at a rate close to 10% year-on-year until 2025. LThe company hopes to take advantage of the momentum of the launch of new products, digital and Artificial Intelligence solutions, the entry into new markets and the growing interest in training protocols for health. This growth plan would mean that the company would not reach its challenge of billing 1,000 million until after 2025.
The company aims for an annual improvement in its ebitda of between 40 and 70 basis points thanks to economies of scale, the improvement in the quality of its products, as well as the optimization of its logistics processes and control of the supply chain. . According to a report by Allied Market Research, the global wellness market will exceed €7 billion by 2025, with a compound annual growth rate of 9.7%. The subset of products for physical exercise is expected to reach 14,000 million euros in 2023.
Within its sustainability plan for 2025, Technogym plans to develop products with a lower environmental impact; circular economy initiatives; and contribute to the decarbonization process with the implementation of photovoltaic energy, among other measures. The circular economy plan includes expanding the product ranges subject to renewal or reconditioning, as well as the sales volume of second-hand equipment.
The company has started 2023 strongly, registering a year-on-year growth in profit of 15% and billing 175 million up to March. The Italian manufacturer earned 63.8 million euros in 2022 after billing 721.4 million euros.
