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Article Date: March 2019
Word Count: 159

Technogym Profits Surged in 2018

Net income jumped 53% to €93,030,000 ($109.8 mm) in 2018 from €60,949,000 on 8% higher revenues of €634,138,000 ($748.7 million) up from €587,035,000 led by strong sales growth in North America and Asia. Gross margin at the high-end exercise equipment maker narrowed by 20 basis points to 42.8%, but SG&A improved by 20 b.p. as a percent of income. North American sales increased 17% (+14% constant currency) to €77.3 million, while APAC gained 16% to €101.9 million including a ... Log in to view full article.


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