Swiss Sports Brand On’s Q1 Net Sales Soar 78% Exceeding Expectations, Significant Profitability Increase

5月 18, 2023

On May 16th, Swiss sports brand On announced its key financial data for the first quarter of the 2023 fiscal year. Supported by a normalized operating environment and sustained brand momentum, the net sales soared by a record-breaking 78.3% year-on-year to reach CHF 420.2 million, exceeding expectations. At the same time, profitability also experienced significant improvement, with net profit and adjusted EBITDA increasing by over 200% to CHF 44.4 million and CHF 61 million, respectively.
Martin Hoffmann, Co-CEO and CFO of On, stated, “Our record net sales in Q1 are a further va …