On Holding AG's stock soared 5.14% in pre-market trading on Wednesday, following the company's impressive fourth-quarter and full-year 2024 results. The Swiss performance sportswear brand reported a strong constant currency growth rate of 33.2%, reaching CHF2.32 billion in net sales for the year.
Highlighting the company's remarkable performance, On Holding AG achieved a gross profit margin of 60.6% and an adjusted EBITDA margin of 16.7%, showcasing its premium positioning and operational profitability. The company exceeded its expectations in both top-line and profitability, driven by robust demand across channels and regions.
On Holding AG's success can be attributed to its strategic initiatives and growth strategies. The company has focused on building a premium global sportswear brand through product innovations, strategic partnerships, and an impactful presence in global markets. Key initiatives include the expansion of its direct-to-consumer (D2C) channel, with 19 new retail stores launched in iconic locations worldwide, and collaborations with influential personalities like Zendaya, FKA twigs, and Roger Federer.
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