Since the announcement of its most recent financial results, shares of On Holding AG (NYSE: ONON) have seen a notable gain, up 7.80% to $51.58 at the time of the last check. The company’s fourth-quarter and full-year financial performance, which made 2024 a landmark year in its history, demonstrated its robust development trajectory.
Income and Financial Success Shattering Records
On Holding AG showed its strong market position and expanding global reach with noteworthy financial achievements. While the company’s net revenues exceeded CHF 2.3 billion, its cash position was about CHF 1 billion. These accomplishments show ONON’s consistent growth and strong financial position.
Key financial highlights include:
- Net sales surged by 29.4% to CHF 2,318.3 million, or 33.2% on a constant currency basis.
- Gross profit rose by 31.7% to CHF 1,405.7 million, with the gross profit margin increasing from 59.6% to 60.6%.
- Net income witnessed a remarkable 204.5% jump to CHF 242.3 million, up from CHF 79.6 million.
- Basic earnings per share (EPS) for Class A shares increased to CHF 0.75 from CHF 0.25.
International Growth and Brand Awareness
By taking advantage of chances on some of the most prominent stages in the globe, On Holding AG strengthened its reputation as a worldwide brand throughout 2024. Its impact has spread across generations and geographical boundaries because of its ability to combine inspiration with innovation. One of the main drivers of this momentum has been the effective introduction of high-end products, which enhance the consumer experience at every touchpoint.
Innovation and Community Involvement
On Holding AG’s achievements in 2024 have put the company in a strong position for continued success in 2025. The business is still dedicated to leading innovation, bolstering its primary product categories, and expanding interaction with its expanding community. On Holding AG ensures long-term brand loyalty while inspiring a movement that honors the human spirit by upholding its mission of being the leading worldwide athletic brand.