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) is a Swiss performance sportswear brand that regularly issues detailed updates on its business, strategy, and financial performance. Company news emphasizes its premium positioning in footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis, as well as its broader vision to ignite the human spirit through movement.
Investors and followers of ONON news can expect frequent earnings announcements and trading updates. The company routinely reports quarterly and full-year results, highlighting net sales growth, regional performance across EMEA, the Americas, and Asia-Pacific, and the balance between direct-to-consumer and wholesale channels. These releases often include commentary on non-IFRS measures such as adjusted EBITDA and net sales on a constant currency basis, which On uses to evaluate its performance.
On’s news flow also covers strategic and corporate developments. Recent communications have included leadership changes, such as the evolution to a single-CEO structure, appointments of senior executives in areas like innovation, people, communications, and supply chain, and changes to the Board of Directors. The company also announces participation in investor conferences and provides information on upcoming earnings calls and webcasts.
Brand and product-related news highlights On’s technology and design focus, including references to CloudTec® and LightSpray™ innovations, as well as the expansion of its apparel category and global retail footprint. Releases frequently mention the brand’s presence in more than 80 countries and its engagement with a global community, along with milestones in performance credibility and cultural relevance.
This ONON news page aggregates such updates so readers can follow financial results, leadership developments, strategic initiatives, and brand milestones in one place. It is a useful reference for tracking how On communicates its progress toward its stated ambition to be a premium global sportswear brand.
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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.