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On Holding AG is a rapidly growing sports company based in Zurich, Switzerland, with additional offices in Yokohama, Japan, and Portland, Oregon. The company is renowned for developing and marketing innovative running shoe technology, with a mission to make running a fun and accessible sport for everyone.
On's groundbreaking CloudTec® system, which has received worldwide patents, is at the heart of its product line. This technology has garnered numerous awards, including the Gold Award for Best Performance Shoe 2013 at the International ISPO Sports Fair. On’s reputation for quality and innovation is further evidenced by its presence in over 1,800 running specialist stores across 30 countries within just five years of its launch.
Notable for its rapid growth, On has been featured in major publications such as Bloomberg, Fox Business News, Forbes, Wall Street Journal, ESPN Magazine, The Independent, The Guardian, Wallpaper Magazine, Monocle, Wired, GQ, Men’s Health, and Runner’s World. The brand is also endorsed by over 80 elite athletes, including Olympic Gold Medalist Nicola Spirig.
On Holding AG does not manufacture its products or raw materials; instead, it relies on third-party suppliers and contract manufacturers. The company offers a wide range of shoes, apparel, and accessories designed for both athletic and casual use. This strategy allows On to focus on design, technology, and the overall customer experience while ensuring high-quality manufacturing standards through its partners.
Recent achievements include expanding its product line and enhancing its global distribution network. On continues to invest in research and development to push the boundaries of sports technology and design. The company's commitment to sustainability and innovation positions it as a leader in the sportswear industry.
For investors, On Holding AG (symbol: ONON) represents a dynamic opportunity in the premium performance sports brand market, continuously making strides in technology, design, and global market presence.
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.
On Holding AG (NYSE: ONON) released its 2021 Impact Progress Report, highlighting significant advances in sustainability initiatives. Key achievements include the launch of the first fully recyclable running shoe through the Cyclon program and a commitment to reduce emissions per unit of value-added by 55% by 2030. By the end of 2021, 53% of polyester and 63% of polyamide used were recycled, with 95% of cotton sourced sustainably. On also aims to enhance social impact through its 'Right to Run' program, partnering with 17 organizations to foster community engagement.
On Holding AG reported strong financial performance for Q2 2022, achieving net sales of CHF 291.7 million, a 66.6% increase year-over-year. The company's net income surged to CHF 49.1 million, and adjusted EBITDA rose to CHF 31.4 million. Despite a decrease in gross profit margin to 55.1%, On raised its full-year net sales guidance to at least CHF 1.1 billion and adjusted EBITDA to CHF 145 million. North American sales grew exceptionally by 102.5%. The company also made progress in sustainability with the launch of a recyclable running shoe.
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