By Daniella Parra
On Holding AG (NYSE: ONON) said net sales soared 27.8% to CHF 567.7 million in the second quarter.
Adjusted EBITDA margin increased to 16% from 14.1% and basic earnings per share increased to 0.10 from 0.01, the company said.
On introduced its LightSpray technology and announced a long-term partnership with Zendaya in the quarter.
“The wave of recent positive feedback and coverage fuels our ambition to continue to innovate and deliver exceptional products and experiences to our fans worldwide,” said Martin Hoffmann, Co-CEO and CFO. “We are very pleased to see the ongoing strong momentum of the On brand across channels, regions and products, as evidenced in our very strong results in the first half of 2024.”
Contact:
Editor@executives-edge.com
