Statement from ITTF President Petra Sörling, ITTF Vice President Finances Dr. Alaa Meshref, and ITTF Group Chief Executive Officer Steve Dainton, on the publication of the ITTF Group Financial Statements 2023 and 2024:
Today marks a pivotal moment in the journey of the International Table Tennis Federation (ITTF) and its commercial arm, World Table Tennis (WTT).
With the publication of the ITTF Group’s consolidated financial statements, we are proud to announce a major milestone: in 2024, WTT recorded its first-ever profit, contributing towards the ITTF Group consolidated profit of USD 1.5 million.
Most startups take several years to reach profitability as they build their operations and establish their market presence. That WTT has achieved this in under five years –and within the 2021-2024 quadrennial forecast approved by the ITTF Annual General Meeting– is a clear signal of the model’s viability. A true…
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