On Holding Ltd
ONON
ISIN CH1134540470 / Valor 113454047
On Holding Ltd
UMushroom community rating:
About company
On Holding Ltd, founded in the Swiss Alps in 2010, is a company specializing in the design and production of premium footwear, apparel, and accessories. The company is renowned for its innovative CloudTec® technology, which has significantly impacted the high-performance running, outdoor, training, all-day activities, and tennis markets. On Holding Ltd has gained a substantial global following due to its focus on delivering industry-disrupting products that combine functionality with purposeful design. The company's commitment to innovation and quality has positioned it as a prominent player in the athletic and outdoor apparel industry.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (11.11.2025):
On Holding Ltd’s Q2 2025 financial results demonstrate robust revenue expansion, with significant gains in net sales and strong performance across both the direct-to-consumer and wholesale channels. Despite these positive topline trends and an improved gross profit margin, the quarter ended June 30, 2025 recorded a marked decline in net income, which shifted from a profit in Q2 2024 to a loss. Adjusted EBITDA, however, showed notable improvement, reflecting enhanced operational efficiency.
Revenue Growth
For the three‐month period ended June 30, 2025, net sales increased by 32.0% to CHF 749.2 million, with direct-to-consumer sales up by 47.2% and wholesale sales rising by 23.1%. These strong results include impressive regional performance, notably a 101.3% increase in Asia-Pacific sales.
Improved Gross Profit and Margin
Gross profit grew by 35.4% to CHF 460.8 million, boosting the gross profit margin to 61.5% compared to 59.9% in the prior year. This improvement underscores the effectiveness of On Holding Ltd’s cost management and product mix strategies.
Earnings Challenges
Despite the revenue and margin gains, net income suffered a significant decline, dropping by 232.7% to a loss of CHF 40.9 million, with both basic and diluted EPS turning negative. This downturn suggests increased expense pressures and challenges in converting topline growth into profitability.
Adjusted EBITDA Improvement
Adjusted EBITDA rose by 50.0%, reaching CHF 136.1 million and improving the margin to 18.2%, indicating that core operations remain resilient even as overall profitability is impacted.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
12247 M
Market cap (USD)
6,728,155
Daily traded volume (Shares)
55.8 / 53.835
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
Kiran Patel
Mehmet John Evans
Marie de C.
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