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 …
