Garmin predicts further sales boost as wearable fitness tech surges

September 11, 2024

Wearable technology giant Garmin has predicted its European sales will surge by 14 per cent in 2024 thanks in part to new products being launched.

The Southampton-headquartered division made the forecast in newly-filed accounts with Companies House which revealed an increase in both its turnover and pre-tax profit during 2023.

The results show that Garmin Europe’s turnover rose from $1.13bn (£863.5m) to $1.23bn (£939.9m) in the 12 months while its pre-tax profit also grew from $42.4m (£32.4m) to $46.3m (£35.3m). CITYA.M.