Net income attributable to shareholders at the Italian fitness equipment specialist grew by 16% last year to €73,640,000 ($79.6 mm) from €63,587,000 as double-digit commercial sales increases pushed revenues 12% higher to €808,091,000 ($873.6 mm) from €721,490,000. Annual operating income grew more than 17% to €97.4 million as lower raw material costs and product mix helped to offset inflation and currency change impacts.

North America continued to lag, increasing just 6% to €106.9 million ($115.6 mm), but gaining 10% constant currency. Every other geography grew double digits except for APAC, which fell ... Log in to view full article.