On Holding’s Q1 Sales Top Expectations, Trims FY Profits Guidance

May 13, 2025

On Holding AG reported key financial and operating metrics for the three-month period ended March 31, 2025, compared to the three-month period ended March 31, 2024, include:

• Net sales increased by 43.0 percent to CHF 726.6 million, or by 40.0 percent on a constant-currency basis;
• Net sales through the direct-to-consumer (DTC) sales channel increased by 45.3 percent to CHF 276.9 million, or by 42.4 percent on a constant-currency basis;
• Net sales through the wholesale sales channel increased by 41.5 percent to CHF 449.7 million, or by 38.6 percent on a constant- currency basis;
• Net sales in Europe, Middle East and Africa (EMEA), Americas and Asia-Pacific increased by 33.6 percent to CHF 168.6 million, 32.7 percent to CHF 437.4 million and 130.1 percent to CHF 120.6 million, respectively;
• Net sales in EMEA, Americas and Asia-Pacific increased by 33.0 percent, 28.6 percent and 128.9 percent on a constant currency basis SGB