On Holding AG (ONON) Reports Q4 Net Loss of CHF 187M
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On Announces Fourth Quarter and Full Year Results, and the Filing of Its Annual Report on Form 20-F for 2021
March 18, 2022 6:00 AM EDTOn experiences very strong consumer demand across all regions, channels, and product categories and delivers another record year with net sales of CHF 724.6 million, a gross profit margin jump to 59.4% and an adjusted EBITDA margin of 13.3%. This reflects Ons commitment to manage the company with a focus on long-term growth and profitability. Net sales increased by 53.7% in the fourth quarter of 2021 and by 70.4% in fiscal year 2021, with the direct-to-consumer business growing 76.7% in the fourth quarter and Wholesale growing 39.3%. This validates the strength of Ons multi-channel distribution, where wholesale and DTC channels are highly... More
