On Holding AG ( (ONON) ) has issued an update.
On Holding AG announced its financial results for the fourth quarter and full year of 2024, reporting strong growth across all metrics. The company achieved net sales of CHF 2,318.3 million, reflecting a 29.4% growth rate, and a gross profit margin of 60.6%. The fourth quarter saw a record-breaking gross profit margin of 62.1%, driven by increased brand awareness and a high direct-to-consumer sales share. On also introduced its LightSpray™ technology and expanded its retail presence to nearly 50 stores. Looking ahead, On expects continued growth in 2025, with projected net sales of at least CHF 2.94 billion and a gross profit margin of around 60.5%.
More about On Holding AG
On Holding AG is a company based in Zurich, Switzerland, operating in the sportswear industry. The company is known for its innovative footwear, apparel, and accessories, focusing on performance, design, and sustainability. On has a significant global presence, with a strong emphasis on direct-to-consumer sales and a growing retail footprint.
YTD Price Performance: -12.44%
Average Trading Volume: 3,562,589
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $15.67B
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