On Holding backs FY23 revenue view CHF $1.76B

On will host an investor day at On Labs in Zurich, Switzerland. Two years after the company’s IPO, the company is providing an update on its strategic priorities and vision. As a part of the event, the company is announcing three-year financial targets and introducing the strategic building blocks to support this next stage of growth. The company intends to double its expected 2023 net sales by 2026, while increasing its adjusted EBITDA margin to 18%+ in the same timeframe. On is reiterating its previously provided outlook for the full fiscal year ending December 31, 2023. This includes the expectations to reach CHF 1.76B in net sales, at least 58.5% gross profit margin and 15.0% adjusted EBITDA margin respectively.