On Announces its Three Year Financial Outlook, Confirming its Ongoing Commitment to Combine Strong Growth with Increasing Profitability
October 4, 2023
Swiss performance sportswear brand On (NYSE: ONON) will today, October 4, 2023, host an Investor Day at On Labs in Zurich, Switzerland. Two years after the Company’s IPO and following the successful execution on the growth strategies presented during the listing process, the Company is providing an update on its strategic priorities and vision. As a part of the event, the Company is announcing three-year (FY 2026) financial targets and introducing the strategic building blocks to support this next stage of growth.
Following On’s track record of strong growth and increasing profitability, the Company intends to double its expected 2023 net sales by 2026, while increasing its adjusted EBITDA margin to 18%+ in the same timeframe. On is further setting out to build the foundation for a much bigger company in the future, with the long-term ambition to build the most premium, global sportswear brand. Businesswire