Fitness equipment giant Technogym has recorded double digit sales growth during Q3, driven largely by impressive growth in the North American market.

The Italy-based group, announcing its results for the three months to 30 September, saw total sales increase by 11.2 per cent during the period.

As a result, group-wide sales in the first nine months of 2016 reached €385.1m (€348m, £310m), up from €352.1m (€328m, £283m) in the same period of 2015.

Nerio Alessandri, chair and CEO of Technogym, credited the results on a strong performance in the North American market – where sales increased by 29 per cent.

“The third quarter of 2016 saw a continued trend of double digit growth, higher than the market average,” Alessandri said.

“We are particularly satisfied with the results obtained in the US, both in terms of sales and positioning within the most prestigious clubs, hotels, companies and medical centres of the country.

“During the third quarter of 2016, we also played a central role as the official supplier at Rio 2016 Olympic games, during which the best athletes of the world trained with Technogym.”

Technogym launched its IPO on the Milan stock market in May.

Founded in 1983, the company currently employs more than 2,000 employees and has a sales presence in more than 100 countries.