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On Holding AG updates the market on its Swiss premium sportswear business, including earnings releases, channel performance and global expansion across footwear, apparel and accessories. Company news centers on premium running, outdoor, training, all-day and tennis products, with recurring references to CloudTec® and LightSpray™ innovation, retail store openings, wholesale and direct-to-consumer activity, and regional demand across its international footprint.
Updates also cover annual and quarterly results, conference appearances, organizational changes and governance developments. The company frames its brand around performance sportswear and sells in more than 80 countries through company-owned and wholesale channels.
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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.