(Alliance News) - Technogym Spa reported Thursday that it had revenues of EUR187.5 million in the first quarter, up 7.4 percent from EUR174.6 million in the same period of 2023.

"It is important to note that the growth is global," the company's note reads, "with revenues increasing across almost all major geographies, particularly in the Middle East and North America.

With reference to the analysis of revenues by sales channel, "the excellent performance of the wholesale channel is confirmed, which benefited from the excellent results recorded in several markets in the MEIA area, Europe and APAC, and the retail channel, which is growing compared to last year and in which the excellent performance of the stores is highlighted," the statement continues.

Technogym trades up 0.8 percent at EUR9.32 per share.

By Chiara Bruschi, Alliance News reporter

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