On Holding announces 2026 financial targets at investor day

On will host an investor day at On Labs in Zurich, Switzerland. By 2026, On intends to deliver on the following financial ambitions: Doubling net sales between 2023 and 2026 to at least CHF 3.55B, reflecting a CAGR of over 26% based on the outlook for the full fiscal year ending December 31, 2023; exceeding 60% gross profit margin by 2026; deliver economies of scale, with the ambition to reach 18%+ adjusted EBITDA margin by 2026. “We have an exciting product pipeline that includes running, training, and tennis footwear and apparel. Additionally, we believe there are huge opportunities to increase brand awareness and to expand through our multi-channel approach. We are enthusiastic about our continued growth.” said Martin Hoffmann, Co-CEO and CFO. “The 2026 targets announced today continue to be above the long-term ambitions shared at the time of the IPO, and we view them as an intermediate step in our ambition to build a much bigger company in the future”.