On Hldg Ag Stock Price, News & Analysis

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.

On, the Swiss sportswear brand, has significantly expanded its presence in professional tennis by signing world number one Iga Świątek and American rising star Ben Shelton. Świątek, a three-time Grand Slam champion, expressed excitement about collaborating with On's innovation team to enhance her gear. Shelton, who recently reached the quarterfinals of the Australian Open, is eager to represent a brand focused on performance in tennis. Both players will debut On's new professional tennis gear, including custom editions of THE ROGER Pro shoe, developed with Roger Federer and On Labs. The company aims to build a strong athlete roster, emphasizing innovation and performance.

On (NYSE: ONON) will release its fourth quarter and full year 2022 financial results on March 21, 2023, before U.S. markets open. A conference call with management will take place at 8:00 am ET on the same day. Interested parties can access the call via telephone or through a live webcast on the Company's investor relations website. On is recognized for its innovative performance sportswear, including footwear and apparel, aimed at enhancing the running experience. The Company has a strong global presence, operating in over 60 countries and focusing on sustainability and customer satisfaction.

On strengthens its triathlon team by signing Olympic Champion Kristian Blummenfelt, Ironman World Champion Chelsea Sodaro, and Ironman 70.3 silver medalist Paula Findlay. These athletes, renowned for their achievements, bring exceptional talent and experience to represent the Swiss sportswear brand. Blummenfelt's focus is on the upcoming Olympic Games in Paris, aiming for victory with the support of On's innovative products. Sodaro highlights the alignment between On's values and her performance goals, while Findlay expresses confidence in On's gear, citing its superior quality. This strategic investment aims to inspire future triathletes and solidify On's presence in the market.

On, the Swiss sportswear brand, announces the launch of its new global running event series, "On Track Nights", starting in May 2023. The series aims to enhance the athletics experience by providing elite and aspiring runners with opportunities to compete for personal bests and vital qualifying points for major championships. Kicking off in Los Angeles, it will span across five cities on three continents, closing in Melbourne. The events will not only feature races but also entertainment and community engagement, emphasizing a festival atmosphere for fans.

On (NYSE: ONON), the Swiss performance sportswear brand, announced its participation in the 2023 ICR Conference. The management will engage in a fireside chat on January 10, 2023, at 09:30 am ET (03:30 pm CET). A live webcast will be available on the company's investor relations website. Following the event, a replay will also be accessible. On is known for its innovative CloudTec® technology and commitment to a circular economy, with a presence in over 60 countries, encouraging everyone to run on clouds.