On Q4 Gross Profit Soars 40%; Strong FY25 Outlook
By Karen Roman
On Holding AG (NYSE: ONON) said fourth quarter adjusted diluted earnings per share increased to CHF 0.33 from CHF (0.05) the year prior, surpassing analysts’ expectations and raising its market price per share around 5%.
Gross profit grew 39.5% to CHF 376.8 million from CHF 270.2 million the year prior, while gross profit margin rose to 62.1% from 60.4%, the company declared.
Net sales increased 35.7% to CHF 606.6 million and adjusted EBITDA margin grew to 16.4% from 16.1%, it said.
On expects FY 2025 adjusted EBITDA margin between 17.0% to 17.5%, driven by strong gross profit margin and anticipated operational efficiency gains, it stated.
“As we celebrate our 15th anniversary and step into our next chapter, we recognize 2024 as a particularly defining moment in On’s history” said David Allemann, On’s co-founder and Executive Co-Chairman. “Our partnerships with icons like Roger Federer, Zendaya, and FKA twigs have propelled On to become a beloved brand, igniting a passion for On that transcends borders and cultures.”
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