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On Holding Q1'25 Earnings Highlights

$ONON (-1,21ย %)


๐Ÿ”น Revenue: CHF 726.6M (Est. CHF 680.5M) ๐ŸŸข; +43.0% YoY

๐Ÿ”น Adj. EPS: CHF 0.21 (Est. CHF 0.15) ๐ŸŸข

๐Ÿ”น Gross Margin: 59.9% vs. 59.7% YoY

๐Ÿ”น Adj. EBITDA: CHF 119.9M; +54.8% YoY


Segment & Regional Performance

๐Ÿ”น DTC Sales: CHF 276.9M; +45.3% YoY

๐Ÿ”น Wholesale Sales: CHF 449.7M; +41.5% YoY

๐Ÿ”น DTC Share: 38.1% of total revenue


๐Ÿ”น EMEA Revenue: CHF 168.6M; +33.6% YoY

๐Ÿ”น Americas Revenue: CHF 437.4M; +32.7% YoY

๐Ÿ”น Asia-Pacific Revenue: CHF 120.6M; +130.1% YoY


๐Ÿ”น Shoes: CHF 680.9M; +40.5% YoY

๐Ÿ”น Apparel: CHF 38.1M; +93.1% YoY

๐Ÿ”น Accessories: CHF 7.6M; +99.2% YoY


Guidance (FY25)

๐Ÿ”น Revenue Growth: +28% constant currency โ†’ at least CHF 2.86B

๐Ÿ”น Gross Margin: 60.0% โ€“ 60.5%

๐Ÿ”น Adj. EBITDA Margin: 16.5% โ€“ 17.5%

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