Welcome to our dedicated page for On Hldg news (Ticker: ONON), a resource for investors and traders seeking the latest updates and insights on On Hldg stock.
Overview of On Holding AG
On Holding AG (ONON) is a premium performance sportswear company headquartered in Zurich, Switzerland, with additional offices in Yokohama, Japan, and Portland, Oregon. The company is renowned for its innovative approach to athletic footwear, apparel, and accessories, blending cutting-edge technology with sleek design. On's mission is to revolutionize the running experience, making it more enjoyable and accessible for athletes and casual users alike.
Core Technology and Product Offering
At the heart of On's product lineup is its patented CloudTec® technology, a groundbreaking innovation in running shoe design. This technology, which has received worldwide patents, provides a unique cushioning system that enhances performance and comfort. On's product portfolio includes running shoes, apparel, and accessories designed for various use cases, including athletic performance, casual wear, and leisure activities. By combining functionality with aesthetics, On caters to a diverse customer base ranging from professional athletes to lifestyle consumers.
Business Model and Revenue Streams
On Holding AG operates a hybrid business model, generating revenue through both direct-to-consumer (DTC) channels and wholesale distribution. The DTC model includes e-commerce platforms and branded retail stores, allowing On to build direct relationships with its customers. Wholesale distribution involves partnerships with over 1,800 specialty retailers globally, ensuring widespread availability of its products. This dual-channel approach enables On to scale efficiently while maintaining brand exclusivity and customer engagement.
Global Market Presence
On has established a strong international footprint, with its products available in over 30 countries across Europe, the Americas, and the Asia-Pacific region. The company derives the majority of its revenue from the Americas, followed by Europe, the Middle East, and Africa (EMEA), and the Asia-Pacific region. This geographic diversification helps mitigate market-specific risks and positions On as a global player in the sportswear industry.
Competitive Landscape and Differentiation
On operates in the highly competitive sportswear market, competing with established giants like Nike, Adidas, and Puma. However, On differentiates itself through its focus on technology-driven innovation and premium design. Its patented CloudTec® system, coupled with its emphasis on sustainability and performance, sets it apart from competitors. Additionally, On has garnered a loyal following among elite athletes, including Olympic gold medalists, further solidifying its reputation for quality and performance.
Operational Model and Supply Chain
On does not manufacture its products or raw materials directly. Instead, it relies on a network of third-party suppliers and contract manufacturers. This asset-light model allows the company to scale production efficiently while focusing on research, development, and marketing. However, this reliance also introduces supply chain risks, which the company mitigates through strategic partnerships and rigorous quality control measures.
Awards and Industry Recognition
On has received numerous accolades for its innovation and design. Notably, it was awarded the Gold Award for Best Performance Shoe at the International ISPO Sports Fair in 2013. Its products have been featured in prominent publications such as Bloomberg, Forbes, The Wall Street Journal, and Runner's World, further cementing its status as a leader in the sportswear industry.
Key Takeaways
- On Holding AG is a premium sportswear brand known for its patented CloudTec® technology.
- The company operates a hybrid business model, combining DTC channels with wholesale distribution.
- It has a strong global presence, with significant revenue contributions from the Americas, EMEA, and Asia-Pacific regions.
- On differentiates itself through innovation, design, and a focus on performance and sustainability.
- Its asset-light operational model enables scalability but introduces supply chain dependencies.
On Holding AG continues to redefine the sportswear industry through its commitment to innovation, design, and customer experience.
On Holding AG reported strong financial results for 2022, achieving net sales of CHF 1,222.1 million, a 68.7% increase year-over-year. The company reached a gross profit margin of 56.0%, and net income rose to CHF 57.7 million, marking a significant turnaround from a loss in the previous year. The fourth quarter was particularly robust, with net sales climbing 91.9% to CHF 366.8 million. Looking ahead, On anticipates 2023 net sales of at least CHF 1.7 billion, with a gross profit margin of approximately 58.5% and an adjusted EBITDA margin of 15.0%. The company is also expanding its athlete partnerships and product innovations, signaling confidence in future growth.
On, the Swiss sportswear brand, has significantly expanded its presence in professional tennis by signing world number one Iga Świątek and American rising star Ben Shelton. Świątek, a three-time Grand Slam champion, expressed excitement about collaborating with On's innovation team to enhance her gear. Shelton, who recently reached the quarterfinals of the Australian Open, is eager to represent a brand focused on performance in tennis. Both players will debut On's new professional tennis gear, including custom editions of THE ROGER Pro shoe, developed with Roger Federer and On Labs. The company aims to build a strong athlete roster, emphasizing innovation and performance.
On (NYSE: ONON) will release its fourth quarter and full year 2022 financial results on March 21, 2023, before U.S. markets open. A conference call with management will take place at 8:00 am ET on the same day. Interested parties can access the call via telephone or through a live webcast on the Company's investor relations website. On is recognized for its innovative performance sportswear, including footwear and apparel, aimed at enhancing the running experience. The Company has a strong global presence, operating in over 60 countries and focusing on sustainability and customer satisfaction.
On strengthens its triathlon team by signing Olympic Champion Kristian Blummenfelt, Ironman World Champion Chelsea Sodaro, and Ironman 70.3 silver medalist Paula Findlay. These athletes, renowned for their achievements, bring exceptional talent and experience to represent the Swiss sportswear brand. Blummenfelt's focus is on the upcoming Olympic Games in Paris, aiming for victory with the support of On's innovative products. Sodaro highlights the alignment between On's values and her performance goals, while Findlay expresses confidence in On's gear, citing its superior quality. This strategic investment aims to inspire future triathletes and solidify On's presence in the market.
On, the Swiss sportswear brand, announces the launch of its new global running event series, "On Track Nights", starting in May 2023. The series aims to enhance the athletics experience by providing elite and aspiring runners with opportunities to compete for personal bests and vital qualifying points for major championships. Kicking off in Los Angeles, it will span across five cities on three continents, closing in Melbourne. The events will not only feature races but also entertainment and community engagement, emphasizing a festival atmosphere for fans.
On (NYSE: ONON), the Swiss performance sportswear brand, announced its participation in the 2023 ICR Conference. The management will engage in a fireside chat on January 10, 2023, at 09:30 am ET (03:30 pm CET). A live webcast will be available on the company's investor relations website. Following the event, a replay will also be accessible. On is known for its innovative CloudTec® technology and commitment to a circular economy, with a presence in over 60 countries, encouraging everyone to run on clouds.
On, a performance sportswear brand, announced the expansion of its Onward resale program to include a new range of pre-owned apparel. This initiative aims to promote sustainability and circularity, building on the success of the footwear launch in September 2022. The program, powered by Trove, allows consumers to shop and trade in gently used performance gear. Co-Founder Caspar Coppetti emphasized On's commitment to reducing its environmental footprint while meeting customer needs. The Onward program is part of On's broader ESG initiatives aimed at enhancing its sustainability efforts.
On Holding AG reported robust financial results for Q3 2022, achieving net sales of CHF 328 million, a 50.4% increase year-over-year, and for the first nine months, net sales reached CHF 855.4 million, up 60.3%. The Asia-Pacific region experienced significant growth of 85.2%. Despite challenges, including foreign exchange impacts and supply chain constraints, net income rose to CHF 20.6 million. The company raised its 2022 guidance to CHF 1.125 billion in net sales and CHF 148 million in adjusted EBITDA. On also highlighted innovative product launches and achievements in sustainability.
On, the Swiss performance sportswear brand, is set to release its third quarter 2022 financial results on November 16, 2022, before U.S. markets open. A conference call will be held at 8:00 AM ET on the same day, with options for international participants. The earnings call can be accessed via phone or a live webcast available on the company’s investor relations website. On continues to expand its presence in the sportswear market, focusing on innovation and sustainability.
FAQ
What is the current stock price of On Hldg (ONON)?
What is the market cap of On Hldg (ONON)?
What does On Holding AG specialize in?
How does On Holding AG generate revenue?
What is CloudTec® technology?
Where does On Holding AG operate?
Who are On Holding AG's competitors?
What is On Holding AG's business model?
Does On Holding AG manufacture its products?
What recognition has On Holding AG received?
