9Lun·

On Holding Q1'25 Earnings Highlights

$ONON (+1,47 %)


🔹 Revenue: CHF 726.6M (Est. CHF 680.5M) 🟢; +43.0% YoY

🔹 Adj. EPS: CHF 0.21 (Est. CHF 0.15) 🟢

🔹 Gross Margin: 59.9% vs. 59.7% YoY

🔹 Adj. EBITDA: CHF 119.9M; +54.8% YoY


Segment & Regional Performance

🔹 DTC Sales: CHF 276.9M; +45.3% YoY

🔹 Wholesale Sales: CHF 449.7M; +41.5% YoY

🔹 DTC Share: 38.1% of total revenue


🔹 EMEA Revenue: CHF 168.6M; +33.6% YoY

🔹 Americas Revenue: CHF 437.4M; +32.7% YoY

🔹 Asia-Pacific Revenue: CHF 120.6M; +130.1% YoY


🔹 Shoes: CHF 680.9M; +40.5% YoY

🔹 Apparel: CHF 38.1M; +93.1% YoY

🔹 Accessories: CHF 7.6M; +99.2% YoY


Guidance (FY25)

🔹 Revenue Growth: +28% constant currency → at least CHF 2.86B

🔹 Gross Margin: 60.0% – 60.5%

🔹 Adj. EBITDA Margin: 16.5% – 17.5%

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