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Article Date: March 2020
Word Count: 187

Technogym Net Falls On 6% Sales Gain In 2019


Net income declined 10% to €83,405,000 ($92.3 mm) from €93,030,000 for the FY ended Dec. 31 as sales rose to €668,931,000 ($740.4 mm) from €634,138,000 with strong international growth offsetting softer sales results from its home markets. APAC led growth with a 16% increase to €118,319,000 from €101,893,000 followed by North America with 13% growth to €87,716,000 from €77,334,000. The Middle East and Latin America were also positive but Italy was down 8% to €58,692,000 and Europe was up 2% to €330,333,000. Technogym said the slowdown in results from Europe was the result ... Log in to view full article.

 


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