On Holding AG (ONON)

Virtual Small Group Meeting

Tuesday December 06, 2022

Please indicate your INTEREST in participating in a Virtual Small Group Meeting with:


  • Martin Hoffman, Co-CEO and Chief Financial Officer

TIME: 10:30AM ET


  • On Running is a Swiss-based, fast-growing athletic footwear brand with a proprietary cushioning technology. Sales are projected to grow 53% in 2022 to 1.1B CHF and are balanced between channels with wholesale at ~60% of sales and DTC at ~40% of sales. North America is the largest market at ~60% of sales, followed by Europe at ~30% of sales.
  • Growth is coming from new product introductions in both lifestyle and performance, increasing brand awareness, and select expansion of wholesale accounts. Long-term, there is meaningful opportunity to expand into Asia, which we estimate will represent 6% of sales in 2022 as well as in apparel (~5% of sales).
  • The company‚Äôs financial goals through 2024 are to grow sales to 1.7B CHF, equating to ~24% growth in 2023-2024, expand the gross margin to 59% from a projected ~56.5% in 2022, and reach an adjusted EBITDA margin of 16% from a projected 13% in 2022.

Please call your TAG salesperson if you have an interest