Welcome to our dedicated page for On Holding news (Ticker: ONON), a resource for investors and traders seeking the latest updates and insights on On Holding stock.
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 (NYSE: ONON) has appointed Dennis Durkin as an independent member of its Board of Directors and Chairman of the Audit Committee. David Allemann, Co-Founder, expressed enthusiasm for Durkin's experience, following the prior appointment of Amy Banse. Durkin's background includes serving as CFO at Activision Blizzard and positions at Microsoft, contributing to a strengthened and independent board. His appointment fulfills independence requirements and enhances financial oversight.
On Holding AG reported a robust Q1 2022, with net sales increasing by 67.9% to CHF 235.7 million. The company achieved record performance through its direct-to-consumer and wholesale channels, bolstered by strong consumer demand and successful product launches. Despite supply chain challenges, net income rose to CHF 14.3 million, while gross profit margin decreased to 51.8%. The firm has raised its full-year guidance to expect over CHF 1.04 billion in sales. Notably, On launched the environmentally friendly Cloud 5, setting a historical milestone in product innovation.
On (NYSE: ONON) will release its Q1 2022 financial results on May 17, 2022, before U.S. markets open. A conference call is scheduled for 8:00 AM ET on the same day, accessible via phone and a live webcast on the investor relations website. The company, known for its innovative running footwear and apparel, continues to grow its global fanbase, emphasizing its commitment to the circular economy and premium performance sportswear. Investors can join the call with no access code required.
On Holding AG reported a record year in 2021 with net sales of CHF 724.6 million, marking a 70.4% increase from 2020. The company's gross profit margin improved to 59.4%, while adjusted EBITDA rose to CHF 96.4 million, a 93.8% increase year-over-year. The direct-to-consumer segment grew by 71.9%, reflecting strong global demand. For 2022, On expects net sales to exceed CHF 990 million and adjusted EBITDA of CHF 130 million, despite anticipated supply chain challenges. Notable partnerships and expansion plans are set to further enhance brand visibility and growth.
Swiss performance sportswear brand On (NYSE: ONON) will release its fourth quarter and full year 2021 financial results on March 18, 2022, before U.S. financial markets open. An earnings conference call will follow at 8:00 am ET. To join, dial +1 760 294 16 74 in the U.S. and find additional international numbers in the official release. A webcast will also be available. On continues to innovate in premium sportswear and has a growing global presence, aiming to inspire customers to pursue outdoor activities.
Swiss sportswear brand On (NYSE: ONON) will join the ICR Conference with a fireside chat on January 11, 2022, at 10:00 am US Eastern Time. The chat will be accessible via a live webcast on the investor relations website. A replay will also be available post-event. On, known for its innovative CloudTec® technology, creates high-performance footwear and apparel, aiming to enhance the running experience.
On (NYSE: ONON), a Swiss performance sportswear brand, announced a partial early lock-up release of Class A ordinary shares. Approximately 11.8 million shares will be eligible for public sale starting November 19, 2021, following the satisfaction of conditions related to share price. This early release involves 10% of the shares under lock-up agreements for directors, officers, and other shareholders. However, the restricted period remains for all other shares subject to these agreements.
On Holding AG reported a strong Q3 2021 with net sales of CHF 218.0 million, up 67.6% year-over-year, and a gross margin increase to 60.2%. Direct-to-consumer sales surged 93%, while adjusted EBITDA rose 67.9% to CHF 37.9 million. The company expects net sales of CHF 710 million and adjusted EBITDA of CHF 92 million for FY 2021, reflecting growth despite supply chain challenges. Their new foam, CleanCloud™, aims to innovate away from petroleum resources. Cash increased 641.6% to CHF 672.2 million as of September 30, 2021.
On, a Swiss sports brand, has launched CleanCloud™, a new foam material made from carbon emissions, marking a shift away from petroleum-based resources. This innovation is the first of its kind in the footwear industry and follows four years of research and collaboration with partners LanzaTech and Borealis. CleanCloud™ aims to replace current EVA foam in On shoes, aligning with sustainability goals by capturing emissions from industrial processes. The initiative represents On's commitment to innovation and reducing greenhouse gas emissions, following its recent public listing on the NYSE.
On (NYSE: ONON) will release its Q3 2021 financial results on November 16, 2021, before U.S. markets open. A conference call will take place at 8:00 AM ET on the same day, with access via multiple international phone lines. The call will also be available as a live webcast on the Company’s investor relations website. On is recognized for its innovative sportswear, particularly in premium footwear, and operates in over 60 countries, nurturing a growing global community.
FAQ
What is the current stock price of On Holding (ONON)?
What is the market cap of On Holding (ONON)?
What is On Holding AG?
What products does On Holding AG offer?
What is the CloudTec® system?
Where is On Holding AG headquartered?
What awards has On Holding AG won?
Who endorses On's products?
Does On Holding AG manufacture its own products?
In how many countries are On's products available?
What is On Holding AG's stock symbol?
Where can I find news about On Holding AG?
