On Holding (ONON) stock down 9% as Q4 net sales miss the mark
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On Announces Fourth Quarter and Full Year Results, and the Filing of its Annual Report on Form 20-F for 2023
March 12, 2024 6:00 AM EDTOn achieves strong full year results in 2023, significantly exceeding the expectations set at the beginning of the year, reaching net sales of CHF 1,792.1 million. This reflects a reported growth rate of 46.6% year-over-year and over 55% on a constant currency basis. On further reports a gross profit margin of 59.6%, net income of CHF 79.6 million and an adjusted EBITDA margin of 15.5%, showcasing On's ongoing commitment to combine strong growth with continuously increasing profitability. On reports fourth quarter net sales of CHF 447.1 million, growing by 21.9% year-over-year on a reported basis and over 31% on a constant currency basis. The... More
