On Holding AG (ONON) PT Raised to $35 at Stifel, 'Brand momentum, higher revenue base, and incremental investment...justify a higher valuation, in our view.'

On Announces Fourth Quarter and Full Year Results, and The Filing of Its Annual Report on Form 20-F for 2022

On achieves strong full-year results in 2022, reaching net sales of CHF 1,222.1 million, surpassing the CHF 1 billion mark for the first time in history and growing by 68.7% year-over-year. The company reports a gross profit margin of 56.0%, net income of CHF 57.7 million, a net income margin of 4.7%, and an adjusted EBITDA margin of 13.5%, showcasing On's commitment to managing the company for long-term, sustainable growth and profitability. On reports fourth quarter net sales of CHF 366.8 million, growing by 91.9% year-over-year, driven by an exceptional underlying full-price demand throughout the holiday season across regions and channels. On's gross profit... More

Advantage On! World No.1 & 3-time Grand Slam Champion Iga Świątek and Rising Star Ben Shelton Join On as it Expands Its Presence in Professional Tennis

Swiss sportswear brand On bolsters its roster of elite athletes with prestigious signings in the world of professional Tennis.

ZURICH, Switzerland--(BUSINESS WIRE)-- Swiss sportswear brand On is acing the tennis world. As a major expansion into the sports sponsorship market, On has signed the womens world number one ranked player, Polands Iga witek whos been a leader of the discipline on and off the court since April 2022, and American rising star Ben Shelton as it expands its presence in professional Tennis.

This press release features... More