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Investing.com -- Technogym posted nine-month revenues of €708.5 million, representing 14% year-over-year growth and exceeding both analyst expectations of €700 million and consensus estimates of €697 million.
The fitness equipment manufacturer demonstrated accelerating growth momentum in the third quarter, with same foreign exchange growth reaching 16% compared to 14.4% in the first half of the year. This acceleration is particularly notable given the more challenging year-over-year comparison, as the first half of 2024 saw 8.7% growth while the second half of 2024 recorded approximately 14% growth.
Following this third-quarter performance, fourth-quarter growth implied in full-year 2025 estimates suggests a potential slowdown to around 5%, which would mark a significant deceleration from the nine-month pace. This projected slowdown takes into account ongoing foreign exchange headwinds and the high comparison base from the fourth quarter of 2024, which saw 15% year-over-year growth.
Technogym shares rose 0.5% on Thursday in response to the earnings report.
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