On Holding raises FY25 revenue view to up at least 31% from up at least 28%

Raises FY25 adjusted EBITDA margin to 17%-17.5% from 16.5%-17.5%. The company said, “On delivered exceptional first-half 2025 results, reflecting the brand’s continued global momentum and consistent progress on its strategic focuses. Following a standout second quarter, ongoing momentum and strong order books, On enters the second half of 2025 with remarkable brand energy, underpinned by a strong line-up of innovative and exciting products across verticals and categories. Given its strong recent performance and resulting increased confidence in the outlook, On is raising its full-year guidance on all line items.”