Technogym appoints Carlo Capelli as CFO. Technogym stock trades 39.00 percent below its high

Published on 10/01/2026 at 10:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 7.40 percent to EUR 492.58 million in the first half of 2026. Technogym stock costs EUR 13.31 on October 1, 2026 after EUR 13.41.

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Technogym (ISIN IT0005162406) was trading at EUR 13.31 at Lang & Schwarz on October 1, 2026 at 10:08 a.m. CEST, down 0.75 percent versus the EUR 13.41 prior close. The company appointed Carlo Capelli to perform the duties of chief financial officer after William Marabini resigned effective September 1, 2026, as MarketScreener reported on September 2, 2026.

Internal finance change keeps continuity

Capelli has served as a Technogym director with responsibility for finance and control since 2008. The board also appointed Vice Chairman Pierluigi Alessandri to oversee the internal control and risk management system, replacing Capelli in that role, according to MarketScreener on September 2, 2026.

The management change comes against a financial picture that combines revenue growth with investment pressure. The key question for the October reporting cycle is whether operating profitability can improve as spending on technology and production capacity rises.

Revenue grows as margin narrows

Technogym generated EUR 492.58 million of revenue in the first half of 2026, up 7.40 percent from EUR 458.80 million in the first half of 2025, according to Trading Treff. Adjusted EBITDA reached EUR 85.70 million, while the adjusted EBITDA margin declined to 17.40 percent from 18.50 percent.

Adjusted net profit was EUR 43.80 million in the first half of 2026, compared with EUR 43.60 million in the year-earlier period. Technogym invested EUR 26.00 million during the half year and planned EUR 80.00 million of investment for the full year, making cash deployment an important counterweight to the revenue increase.

Stock remains below its yearly high

Technogym stock was 39.00 percent below its 52-week high of EUR 21.82, based on the EUR 13.31 Lang & Schwarz price on October 1, 2026. The same market data showed a 52-week low of EUR 11.92 and a market capitalization of EUR 2.6 billion.

The next scheduled earnings report is October 28, 2026, according to Investing.com. Its analyst table showed an average 12-month price target of EUR 17.99 from 10 analysts, with four Buy ratings, six Hold ratings and zero Sell ratings, while the Milan-listed shares remained below the average target on September 30, 2026.

October report sets the next test

The October 28 report will allow investors to compare the 7.40 percent first-half revenue increase with the 17.40 percent adjusted EBITDA margin. That comparison matters because the company is funding artificial intelligence and production capacity while profitability remains below the 18.50 percent margin recorded in the first half of 2025.

Technogym was trading at EUR 13.31 at Lang & Schwarz on October 1, 2026 at 10:08 a.m. CEST, down 0.75 percent versus the EUR 13.41 prior close. The further course of trading is shown by the continuously updated real-time quote of Technogym stock.