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Technogym (TGYM) investor relations material
Technogym Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved consolidated revenue of €458.8M, up 14.1% year-over-year, with double-digit growth in both B2B and B2C channels and all global regions, led by the Americas and Europe.
Adjusted EBITDA rose 27.2% to €84.8M, and adjusted net profit increased 34.4% to €43.6M, driven by higher sales volumes, improved product mix, and cost optimization.
Continued investment in innovation, launching Healthness™, Technogym Reform (Pilates), Artis Luxury, and Pure Strength, with a focus on AI-powered and preventive health solutions.
Net financial position remained positive at €84.1M as of June 30, 2025, despite dividend payments and capital expenditures.
Expanded presence through events, exhibitions, and temporary stores in key locations, including Milan Design Week, FIBO Cologne, Porto Cervo, and Ibiza.
Financial highlights
Revenue increased by 14.1% year-over-year to €458.8M, with B2B up 15.1% and B2C up 10.4%.
Adjusted EBITDA was €84.8M (+27.2%), margin improved to 18.5% from 16.6%.
Adjusted operating income rose 40.9% to €56.6M; adjusted ROS improved to 12.3% from 10%.
Adjusted net profit reached €43.6M, up 34.4% and representing 9.5% of revenues.
Recurring pre-tax free cash flow improved to €70.7M, with cash conversion at 86%.
Outlook and guidance
Management expects to meet objectives of sustainable growth, revenue expansion, improved profitability, and solid cash generation for the year.
Anticipates growth to outpace the reference market, supported by AI-driven personalized solutions and continued innovation investment.
Emphasizes long-term value creation and global health trends.
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