On Holding reports Q4 adjusted EPS CHF (0.05) vs. CHF 0.02 last year

Reports Q4 net sales up 21.9% to CHF 447.1M. Martin Hoffmann, Co-CEO and CFO of On, said: “On our journey towards building the most premium global sportswear brand, 2023 was another exceptional year. We achieved an outstanding 55% constant currency net sales growth, while bringing efficiency and profitability to new heights and driving the highest positive cash flow in our history. Our big thank you and admiration goes to our now over 2,400 team members, who are passionately working towards making our vision a reality every day. We enter 2024 with a lot of tailwind and opportunities in all parts of the business. The demand for the On brand remains very strong. Exciting product launches and big brand moments are in the making. We have more capabilities to execute on our strategic plan than ever before – from Retail to Apparel, from Ecom to Operations. And we have a great team in place – ready to Dream On.”