(Alliance News) - Technogym Spa reported Monday that total revenues for the first nine months amounted to EUR565.2 million, up 13 percent from EUR498.7 million in the same period last year.

The growth, the company explained, was due to double-digit increases recorded in almost all geographical areas, with above-average performance for Europe, MEIA and LATAM.

Nerio Alessandri, chairman and CEO, commented, "2024 will be a key year in our journey to develop and promote the brand: in fact, Technogym will be the Official and Exclusive Supplier of the Paris Olympics and, on the consumer front, we will inaugurate flagships in London and New York. Our unique business model, which allows us to control the entire value chain-from design, to sales, to the relationship with the end user-and which does not depend on a single segment or country, will allow us to continue to face the future with strength and to carry out our mission, despite growing geopolitical tensions."

Technogym's stock is up 0.1 percent at EUR7.01 per share.

By Chiara Bruschi, Alliance News reporter

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