ABOUT THE COMPANY
The company, headquarted in Cesena, Italy, is a world leader in the design of fitness equipment for private homes, fitness clubs, hotels, spas, rehabilitation centers, corporate gyms, universities, professional sports facilities and beyond.
The company has 3 divisions:
Clubs and Gyms, HCP (Health, Corporate, Public) and Hospitality & Residences, positioned in the upper segments of the hospitality market. It operates in the rest of the world through 16 branches, 11 stores and showrooms and a global network of 70 exclusive distributors and it has about 2000 employees.
In 2015, the company saw a profit of EUR 37.1 million and depreciation and amortization expenses of 15.5 million yielding an operating cost of EUR 15.9 million. Economic recovery was uneven during 2015.
Global business in the fitness equipment manufacturing market totaled around Euro 7.4 billion at the end of 2015, representing a 3% increase on the previous year, according to an Allied Market Research 2015 Report).
The business in which the Group operates is concentrated in the hands of a few significant market operators, with roughly 40% of total business, including both B2B and B2C, being controlled by the top 7 companies.