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At the same time, On confirmed its goals for this year in a statement on Wednesday. Accordingly, the group aims to achieve sales of 1.76 billion francs with an operating profit margin (EBITDA) of 15.0 percent. This corresponds to an operating profit of 264 million.
The group aims to increase its sales to 3.55 billion francs by 2026. This would be more than double the current year and represent a 26 percent increase in annual sales. At the same time, EBITDA margin is expected to increase to 18.0 percent. Thus, On will achieve an operating profit of approximately 640 million francs in three years.
The Zurich-based company wants to continue gaining market share in its traditional running shoe business while also expanding its tennis shoe business. On also wants to expand further geographically and grow significantly, particularly in China.
In addition to the stated goals, the group wants to grow to a similar extent. According to the statement, On aims to increase annual sales growth by 20 to 25 percent after 2026. At the same time, EBITDA margin is expected to exceed 20 percent.
However, things have not been going well in the stock market lately. New York-listed stocks have been on a downward trend since mid-August. Overall, there’s still a good 52 percent increase this year. At $25.99, the titles are only slightly above the issue price of $24.00 in September 2021, when On went public.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
