European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

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Annual rank78

Italy · Consumer Cyc.

Technogym

Provides connected fitness equipment, apps, on-demand video training and personalised exercise experiences.

+42%revenue growth
FY2022–FY2025
+81%net-income growth
FY2022–FY2025
+155%stock return
FY2022–FY2025
−14%2026 stock return
current context only

Company profile

Equipment, software and experiences built around movement

Technogym combines connected cardio and strength equipment with assessment, coaching and facility-management software. Its products appear in homes, fitness clubs, hotels, medical centres and elite-sport training facilities, so the company serves both the person exercising and the operator designing the experience. The Cesena-based group differentiates itself through biomechanics, Italian industrial design and a digital identity that follows users between machines and locations.

Products and assessment

A workout can begin with a body scan, not a treadmill

Technogym Checkup measures physical and cognitive parameters and generates a personalised programme. Biostrength then adjusts resistance and range of motion, while Technogym Run combines running, sled-style resistance and guided sessions. Pure Strength adds plate-loaded machines developed around athlete biomechanics.

Digital ecosystem

One log-in connects the user, the machine and the facility

Technogym App acts as a personal coach across equipment and off-machine exercise. Mywellness gives club operators tools for assessment, programming, engagement and customer management, while Technogym Live delivers trainer-led sessions on connected consoles. The result is a shared layer between consumer hardware and professional operations.

Real-world applications

The same platform can equip a resort, a gym and a clinic

At SIRO One Za'abeel in Dubai, Technogym equipment sits inside a hotel organised around fitness and recovery. Hospitality clients can combine room equipment, gyms and digital content; medical centres use specialised cardio, strength and assessment solutions for prevention, rehabilitation and active ageing.

Sport, design and origin

A garage-built machine grew into Olympic training centres

Nerio Alessandri built the first machine in his garage in 1983; Technogym Village now combines headquarters, research, production and a wellness centre. Milano Cortina became the brand's tenth Olympic and Paralympic supplier experience. Run X extends its connected-club model into a world treadmill championship, while Reform shows the craft and design side of the portfolio.

Current 2026 update

What has changed in 2026?

Q1 2026 · 6 May 2026

Q1 2026latest official update
4company-specific highlights
−14%2026 stock return · context only

Total revenue

Q1 revenue increased 10.1% to EUR 236.8 million.

Q1 2026 · EUR 236.8m · +10.1%

B2B revenue

B2B revenue increased 10.8% to EUR 185.8 million.

Q1 2026 · EUR 185.8m · +10.8%

B2C revenue

B2C revenue increased 7.9% to EUR 51.0 million.

Q1 2026 · EUR 51.0m · +7.9%

Inside-sales revenue

Inside-sales revenue declined 3.2% to EUR 14.8 million, despite group-wide revenue growth.

Q1 2026 · EUR 14.8m · -3.2%

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202578+42%+81%+155%