On Holding Ag Class A ( (ONON) ) has released its Q2 earnings. Here is a breakdown of the information On Holding Ag Class A presented to its investors.
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On Holding AG, a Swiss company renowned for its innovative premium footwear, apparel, and accessories, has reported a strong financial performance for the second quarter of 2025, driven by its strategic initiatives and global brand momentum.
The company achieved a record net sales increase of 32% year-over-year, reaching CHF 749.2 million, with significant growth in its Direct-to-Consumer channel. This growth was complemented by a robust gross profit margin of 61.5% and an adjusted EBITDA margin of 18.2%, reflecting On’s operational excellence and strategic focus.
Key highlights include a 47.2% increase in DTC net sales and a notable expansion in the Asia-Pacific region, where sales surged by 101.3%. The company’s footwear, apparel, and accessories segments also showed impressive growth, with apparel sales increasing by 67.5%.
Looking ahead, On is optimistic about its future performance, raising its full-year 2025 guidance for net sales and profitability. The company expects net sales growth of at least 31% on a constant currency basis, with a gross profit margin between 60.5% and 61.0% and an adjusted EBITDA margin of 17.0% to 17.5%.