Brief: Technogym FY Net Profit Down At EUR 36 Mln

Technogym

24/03/2021 13:57

March 24 (Reuters) - Technogym SpA  TGYM.MI :
    * PROPOSES DIVIDEND OF € 0.22 PER SHARE (FOR A TOTAL OF 44
MILLION)
    * FY TOTAL REVENUE EUR 509.7 MILLION VERSUS EUR 668.9
MILLION YEAR
AGO
    * FY NET PROFIT EUR 36.0 MILLION VERSUS EUR 83.2 MILLION
YEAR AGO
    * SOUND RECOVERY IN BTOB SEGMENTS IS EXPECTED IN 2021,
TOGETHER
WITH GROWTH IN HOME FITNESS
    * IS CONFIDENT TO CONTINUE GROWTH PATH IN AT-HOME BUSINESS
FOR
WHOM IS PROJECTED A  EUR 300 MILLION TURNOVER IN 2022
    * INTERNATIONAL EXPANSION WILL CONTINUE TO REPRESENT MAIN
GROWTH
DRIVER NOT ONLY IN 2021
    * HEALTH SEGMENT ALSO SHOWS POSITIVE PERSPECTIVES, RECORDING
GOOD
ORDER INTAKE IN EARLY MONTHS OF 2021
    * CONFIRMS TARGET OF SUSTAINABLE AND PROFITABLE GROWTH FOR
2021
    * TARGETS DOUBLE-DIGIT GROWTH IN 2021 IN TOTAL REVENUES,
STARTING
FROM FIRST QUARTER
    * TARGETS OF REACHING EUR 1 BILLION IN GROUP  REVENUES IN
2024

Source text for Eikon:  ID:nBIA5XrzC6 
Further company coverage:  TGYM.MI 

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