On Holding AG (NYSE:ONON) saw its shares climb more than 4% intra-day today after reporting fourth-quarter earnings that exceeded analyst expectations. The Swiss athletic footwear brand delivered strong financial performance, reflecting continued growth momentum.
For the quarter, On Holding posted earnings per share (EPS) of CHF 0.27, surpassing consensus estimates of CHF 0.18. Revenue reached CHF 606.6 million, also topping the projected CHF 594.5 million.
Profitability improved significantly, with adjusted EBITDA rising 38% year-over-year to CHF 99.4 million, slightly ahead of the CHF 97.2 million estimate. The company also reported a gross margin of 62.1%, exceeding the expected 61.7%.
Reflecting on the company’s progress, Co-CEO and CFO Martin Hoffmann highlighted On’s achievements, including surpassing CHF 2.3 billion in net sales and maintaining a strong cash position approaching CHF 1 billion. Looking forward, On aims to enhance its premium brand positioning with an array of new product launches and improved customer experiences.
For 2025, On projects revenue of CHF 2.94 billion, slightly below analyst expectations of CHF 2.96 billion. However, it remains confident in sustaining its upward trajectory, targeting a constant currency net sales growth rate of at least 27% for the year. The company forecasts an adjusted EBITDA margin of 17% to 17.5%, aligning with projections and positioning itself to exceed an 18% margin by 2026.