Investing.com -- Shares in On Holding jumped in premarket trading after the Swiss sportswear company reported first-quarter sales and earnings that topped analyst expectations, while its margin outlook for the full year also came in ahead of forecasts.

Net sales rose 14.5% from a year earlier to 831.9 million Swiss francs, surpassing the 821.5 million franc consensus estimate and marking the first time On has crossed the 800 million franc threshold in a single quarter. On a constant currency basis, revenue grew 26.4%.

Earnings per share came in at 0.31 francs, also ahead of the 0.27 franc analyst estimate.

Shares rose more than 6% in the premarket trade by 05:11 ET.

"Q1 was an outstanding start to the year and another strong proof point of our premium strategy in action. On is becoming more global, more multi-dimensional and more deep.ly rooted in different communities around the world," said On Holding founder and co-CEO Caspar Coppetti.

Growth was broad-based across both channels and regions. Direct-to-consumer sales grew 28.7% on a constant currency basis, while wholesale expanded 25.1%.

Asia-Pacific was the fastest-growing region, with net sales climbing 44.4% to 174.0 million francs, or 61.4% in constant currency terms. EMEA rose 22.8% to 207.1 million francs, while the Americas grew 3.1% to 450.7 million francs, or 17.1% on a constant currency basis.

On said its adjusted EBITDA jumped 45.4% to 174.3 million francs, with the adjusted EBITDA margin expanding to 21.0% from 16.5% a year earlier.

For the full year, On guided for revenue of 3.51 billion francs, implying growth of at least 23% on a constant currency basis, slightly below the 3.54 billion franc consensus. The adjusted EBITDA margin is expected in a range of 19.5% to 20.0%, above the IBES estimate of 18.81%.