On Holding reports Q2 adjusted EPS CHF0.01 vs. CHF0.15

Reports Q2 adjusted EBITDA CHF 62.7M, up 99.6% from last year. Reports Q2 revenue CHF 444.3M, up 52.3% from last year. Reports Q2: net sales through the DTC sales channel increased 54.7% to CHF 163.5 million; Net sales through the wholesale sales channel increased 51.0% to CHF 280.8 million; Met sales in Europe, Middle East and Africa (“EMEA”), Americas and Asia-Pacific increased 28.9% to CHF 113.6 million, 59.8% to CHF 296.6 million and 90.2% to CHF 34.1 million, respectively; Net sales from shoes, apparel and accessories increased 52.6% to CHF 428.2 million, 45.9% to 13.4 million and 45.4% to 2.7 million, respectively. Martin Hoffmann, Co-CEO and CFO of On, said: “The very strong first six months of the year and now six consecutive record quarters is a testament to the incredible work and dedication our team continues to showcase every day. The strength of the On brand and continued exceptional growth is visible across channels, regions and products. We are thrilled that we are visibly progressing further on our strategy and ambition to win credibility and market share in the performance space. In particular, we are extremely pleased with the feedback on our Cloudboom Echo 3, which was more broadly launched in Q2 and is our fastest long-distance running shoe yet. On the Tennis side, we saw Iga undefinedwitek take the victory at the French Open at Roland Garros in early June – we are so proud to have kicked off On’s presence on the grand slam courts with such an incredible and emotional debut.”