By Karen Roman
On Holding AG (NYSE: ONON) reported net sales rose 32.3% to CHF 635.8 million in the third quarter.
Adjusted EBITDA margin grew 18.9% from 16.9% and diluted earnings per share decreased to CHF 0.09 from CHF 0.18, it stated.
The company said it upgraded its full year outlook with net sales growth of 32%, gross profit margin of 60.5% and an adjusted EBITDA margin of 16.0 – 16.5%.
“This quarter’s record results are a testament to the incredible momentum we have built,” said Caspar Coppetti, On Co-Founder and Executive Co-Chairman. “With our continued relentless focus on performance, innovation and authentic partnerships, we are excited to inspire the world to move with even greater purpose.”
Contact:
