On Holding Ag Class A (ONON) has released an update.
On Holding AG reports a remarkable 2023 with revenue growth of 47%, reaching CHF 1.79 billion, and a gross profit margin of 59.6%, signaling their rapid market share capture and expansion in profitability. Their running shoe franchise, including the popular Cloudmonster, has contributed significantly to the brand’s success, with over 10% of runners in major US routes using their products. On’s collaboration with fashion brand LOEWE and the engagement of global sports talents like Roger Federer further cement their position as a premium sports brand in the evolving landscape of sports and fashion.
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