Net income attributable to shareholders of the Italian fitness equipment company declined 57% in 2020 to €36,004,000 ($41.0 mm) from €83,205,000 on 24% lower revenues of €509,679,000 ($580.5 mm) down from €668,931,000. The home fitness segment, strongly driven by stay-at-home measures during the Covid-19 pandemic, saw revenues jump by 71% to €154 million. The strong performance of the home fitness segment, which accounted for 30% of total revenues, mitigated the temporary slowdown and the postponement of orders across the institutional segments. Retail, represented by the company’s ten flagship stores, grew 49%, while inside sales, which includes teleselling and DTC e-commerce, ... Log in to view full article.