On Holdings AG Soars: Strong 2024 Q4 Results and Global Brand Awareness
On Holdings AG, a leading global sportswear brand, has announced its impressive 2024 fourth-quarter (Q4) results during a recent conference call. The company's strong financial performance and growing global brand presence have exceeded expectations, solidifying its position as one of the most premium sportswear brands worldwide.
On Holdings AG reported net sales of CHF 2.32 billion in 2024, with a constant currency growth rate of over 33%. This significant increase reflects the company's strategic direction and ambitious goals for the next three years (from '24 to '26), as outlined by David Allemann, Executive Co-Chairman and Co-Founder, during the conference call. On's strong top-line performance is driven by its expanding Direct-to-Consumer (D2C) share, which has increased by more than 3 percentage points.
The company's gross profit margin reached a remarkable 60.6%, with an adjusted EBITDA margin of 16.7%. This validation of On's path towards its midterm targets demonstrates the effectiveness of its business strategy and the loyalty of its customers. As David Allemann emphasized, "We are tracking very well and exceeding our expectations in both top line and profitability."
On Holdings AG's growing global brand presence is evident in its expansion to over 80 countries across all continents. The company's collaboration with high-profile individuals, such as Roger Federer, Zendaya, and FKA twigs, has contributed significantly to its increased brand awareness and earned it the prestigious Brand of the Year award by Footwear News. On's strong engagement and presence in various markets have propelled it to become one of the hottest brands in the industry on social media.
The company's commitment to building a strong brand is reflected in its three-pronged strategy: premium product offerings, strategic partnerships, and an impactful presence in global markets. As David Allemann highlighted, On has developed a family of product offerings and brands, each with its own personality and purpose, allowing the company to connect with diverse communities and tastes.
On Holdings AG's 2024 Q4 results demonstrate the company's success in solidifying its global brand presence and achieving strong financial performance. As it continues on its path towards becoming the most premium global sportswear brand, On Holdings AG is poised for further growth and success.
