Q1 2026 revenues / Technogym

The Technogym Board of Directors reviewed the consolidated revenues of the first quarter 2026

• Consolidated revenue: Euro 237 million, +10.1% compared to the first quarter of 2025 (+12.6% at constant exchange rates)
• Growth of both Commercial (BtoB) ad Consumer (BtoC) segments
• All geographies increased revenue year-over-year

Nerio Alessandri, Founder and Chief Executive Officer, commented: “Ten years after our listing on the Stock Exchange, Technogym continues to record double-digit growth. We are proud of the journey that has allowed us to keep the promise made to our investors on May 3, 2016, the first day of Technogym's listing on the Borsa Italiana.

"The first quarter of this year marked an important milestone: we were, for the tenth time, Official Suppliers of the Olympic and Paralympic Games. At Milano Cortina 2026 we have set up 22 athletic training centers with the latest technology for Olympic and Paralympic athletes.

"Innovation and commitment to spreading the culture of wellness have always been at the center of our growth strategy, as demonstrated by the recent launch of Sand Stone, the new complete product range for wellness luxury living, the completion of the Pure Strength line for strength training and the agreement with Google to enhance our Technogym AI Ecosystem with new services for consumers and industry operators.

"On the ESG front, Technogym confirms its commitment to sustainability with the activation of the photovoltaic system capable of producing up to 100% of the Technogym Village's energy needs and the inclusion of Technogym in the Dow Jones Best in Class Index 2026.

"Despite market difficulties and rising costs due to ongoing conflicts, Technogym continues to invest across the board to seize the potential of the prevention, sports, and healthy longevity markets.”

The Board of Directors of Technogym S.p.A. approved the consolidated revenue for the first three months of 2026.

Revenue results as of March 31st 2026

Consolidated revenues have been prepared in compliance with the International Reporting Standards issued by the International Accounting Standards Board.

Total revenues for the fiscal year amounted to € 236.8 million, representing an increase of +10.1% (+12.6% at constant exchange rates) compared to the same period in 2025, driven by strong growth in both the consumer and commercial segments, with the latter delivering double-digit growth.

It is important to note that this growth was broad-based, with revenues increasing across all geographic regions, despite adverse foreign exchange impacts and a challenging comparison against a double-digit growth performance in 2025. 

Significant events occurred in the period

Milano-Cortina Olympics

At the Olympic games in Milano Cortina 2026 Technogym signed its tenth experience as Official and Exclusive Supplier of Olympics and Paralympics. In this occasion, Technogym prepared 22 traning centres for over 3,500 athletes within 6 Olympic Villages and racing centres.

Run X

During the annual convention with partners coming from over 120 Countries, Technogym launched Run X, the first-ever world championship dedicated to treadmill running, in partnership with World Athletics, the CIO global governing body for athletics. The elimination phase will globally happen in the fitness clubs connected to the Technogym Ecosystem, while the final match will be hosted in an iconic location to be announced on June 3rd in occasion of the Run X Conference.

A brief overview of consolidated revenues, based on customer categories, geographical area and distribution channels is provided below.

Revenue results as of March 31st 2026 / Technogym