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Article Date: September 2020
Word Count: 135

Technogym Prioritizes DTC and Home Fitness

Net income plunged 76% in the first half to €6,068,000 ($6.7 mm) from €25,287,000 on 24% lower revenues of €222,448,000 ($245.0 mm) from €294,602,000. Second quarter sales dropped 35% following an 11% decline in Q1. The big Italian-based fitness equipment supplier is shifting its focus from the gyms to the consumer after booking a 50% sales increase in its relatively small Home & Consumer segment for the ... Log in to view full article.


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