On Holding Q1 Sales Rise 15.3%, EBITDA Margin Guidance Raised to 21–23%
On Holding posted first-quarter net sales of CHF 270 million, a 15.3% increase over last year and CHF 10 million above consensus. The company lifted its full-year adjusted EBITDA margin target to 21–23%, up from the prior 19–21% range.
1. First-Quarter Financial Results
On Holding delivered CHF 270 million in net sales for the first quarter, marking a 15.3% year-over-year increase and beating the consensus forecast by CHF 10 million. Growth was broad-based across North America, EMEA and Asia-Pacific, with digital channels and direct-to-consumer platforms showing strongest momentum.
2. Upgraded Profitability Outlook
Management raised its full-year adjusted EBITDA margin guidance to 21–23%, up from the previous 19–21% range, reflecting improved operating leverage and cost efficiencies. The tighter outlook assumes continued double-digit revenue growth and stable gross margins throughout the remainder of the year.