Welcome to our dedicated page for On Hldg news (Ticker: ONON), a resource for investors and traders seeking the latest updates and insights on On Hldg stock.
On Holding AG (NYSE: ONON) delivers cutting-edge performance footwear and athletic apparel through its patented cloudtec® technology. This news hub provides investors and industry observers with essential updates on corporate developments, financial milestones, and market strategies.
Access real-time press releases covering earnings announcements, product innovations, and strategic partnerships. Our curated news collection simplifies tracking ONON's global expansion and technological advancements in the competitive sports apparel sector.
Key updates include quarterly financial results, executive leadership changes, sustainability initiatives, and distribution network expansions. All content is verified through primary sources to ensure accuracy and timeliness.
Bookmark this page for streamlined access to official ONON communications. Combine these updates with fundamental analysis tools for comprehensive investment research in the dynamic athletic wear market.
On Holding AG reported strong financial results for 2022, achieving net sales of CHF 1,222.1 million, a 68.7% increase year-over-year. The company reached a gross profit margin of 56.0%, and net income rose to CHF 57.7 million, marking a significant turnaround from a loss in the previous year. The fourth quarter was particularly robust, with net sales climbing 91.9% to CHF 366.8 million. Looking ahead, On anticipates 2023 net sales of at least CHF 1.7 billion, with a gross profit margin of approximately 58.5% and an adjusted EBITDA margin of 15.0%. The company is also expanding its athlete partnerships and product innovations, signaling confidence in future growth.
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