Announcement • Apr 29
On Holding AG to Report Q1, 2026 Results on May 12, 2026 On Holding AG announced that they will report Q1, 2026 results Pre-Market on May 12, 2026 Announcement • Apr 21
On Holding AG, Annual General Meeting, May 28, 2026 On Holding AG, Annual General Meeting, May 28, 2026. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to Mex$576, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 9x in the Luxury industry in South America. Total loss to shareholders of 42% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$610 per share. Buy Or Sell Opportunity • Mar 05
Now 26% overvalued Over the last 90 days, the stock has fallen 13% to Mex$756. The fair value is estimated to be Mex$601, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: CHF0.62 (vs CHF0.75 in FY 2024) Full year 2025 results: EPS: CHF0.62 (down from CHF0.75 in FY 2024). Revenue: CHF3.01b (up 30% from FY 2024). Net income: CHF203.7m (down 16% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in South America. Announcement • Mar 03
on Holding Ag Provides Revenue Guidance for 2026 On Holding AG provides revenue guidance for 2026. For the period, the company expects net sales to grow by at least 23% year-over-year on a constant currency basis. Announcement • Feb 11
On Holding AG to Report Q4, 2025 Results on Mar 03, 2026 On Holding AG announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 03, 2026 Announcement • Jan 28
On Holding Ag Announces CFO Changes On Holding AG announced that Frank Sluis will join the company as Chief Financial Officer (CFO), effective May 1, 2026. Frank Sluis has more than 25 years of experience at leading consumer businesses, including finance leadership positions at Ahold Delhaize, Reckitt Benckiser, and Unilever. Most recently, Frank served as Chief Financial Officer for Europe & Indonesia at Ahold Delhaize, a position he held since 2021. In this role, he managed the financial operations for well over EUR 30 billion in annual net sales and led a large-scale international finance, procurement, and sourcing organization of approximately 800 professionals. Frank was born and raised in the Netherlands and over the course of his professional career has spent significant time internationally, including in the United States. Frank succeeds Martin Hoffmann, who took on an expanded role as sole Chief Executive Officer (CEO) last year, while continuing his CFO responsibilities. Martin will continue to oversee the Finance organization until Frank’s start date to ensure a seamless handover. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: CHF0.36 (vs CHF0.094 in 3Q 2024) Third quarter 2025 results: EPS: CHF0.36 (up from CHF0.094 in 3Q 2024). Revenue: CHF794.4m (up 25% from 3Q 2024). Net income: CHF118.9m (up 290% from 3Q 2024). Profit margin: 15% (up from 4.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Luxury industry in South America. Announcement • Nov 12
on Holding Ag Provides Earnings Guidance for the Full Year 2025 On Holding AG provides earnings guidance for the full year 2025. For the period, the company Net sales: Expected to grow by 34% year-over-year on a constant currency basis (previously at least 31%). At current spot rates, this corresponds to reported net sales of CHF 2.98 billion (previously CHF 2.91 billion). Announcement • Oct 30
On Holding AG to Report Q3, 2025 Results on Nov 12, 2025 On Holding AG announced that they will report Q3, 2025 results Pre-Market on Nov 12, 2025 Reported Earnings • Aug 14
Second quarter 2025 earnings released: CHF0.12 loss per share (vs CHF0.095 profit in 2Q 2024) Second quarter 2025 results: CHF0.12 loss per share (down from CHF0.095 profit in 2Q 2024). Revenue: CHF749.2m (up 32% from 2Q 2024). Net loss: CHF40.9m (down 233% from profit in 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in South America. Buy Or Sell Opportunity • Aug 12
Now 24% overvalued Over the last 90 days, the stock has fallen 19% to Mex$925. The fair value is estimated to be Mex$745, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 12
On Holding AG Raises Earnings Guidance for the Full Year 2025 On Holding AG raised earnings guidance for the full year 2025. For the year, company expected Net sales: to be up at least 31% year-over-year on a constant currency basis (previously up at least 28%) At current spot rates, this corresponds to reported net sales of at least CHF 2.91 billion (previously CHF 2.86 billion). This outlook continues to embed prudence given the still uncertain macro outlook. Gross profit margin: Expected to be in the range of 60.5-61.0% (previously 60.0-60.5%). Announcement • Jul 30
On Holding AG to Report Q2, 2025 Results on Aug 12, 2025 On Holding AG announced that they will report Q2, 2025 results Pre-Market on Aug 12, 2025 Announcement • May 24
on Announces the Election of Helena Helmersson as an Additional Independent Member of the Board of Directors as Well as a Member of the Nomination and Compensation Committee On announced the election of Helena Helmersson as an additional independent member of the Board of Directors as well as a member of the Nomination and Compensation Committee. Ms. Helmersson brings a wealth of experience from her long-standing career in the fashion industry. She served as the Chief Executive Officer of H&M Group from 2020 to 2024. She began her career at H&M in 1997 as a business controller in the company’s buying office and advanced through key leadership roles. From 2010 to 2014, she served as the Head of Sustainability, leading the company’s environmental and social initiatives. Ms. Helmersson then held the position of Global Head of Production from 2015 to 2018, overseeing the company’s sourcing and supply chain operations. Prior to becoming CEO of H&M, she served as its Chief Operating Officer from 2018 to 2020. Ms. Helmersson also serves as a board member of the digital training company Quizrr and as a chairperson of Circulose, a textile-to-textile recycling company. Ms. Helmersson holds a Master of Science degree in International Business from Umeå University, Sweden. Buy Or Sell Opportunity • May 19
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 7.6% to Mex$1,165. The fair value is estimated to be Mex$950, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • May 14
On Holding AG Revises Earnings Guidance for the Full Year 2025 On Holding AG revised earnings guidance for the full year 2025. Following a strong start to the year and continued global demand for the On brand across channels, regions and products, the company raises its full-year 2025 net sales guidance, and now expects to reach at least 28% growth on a constant currency basis, equivalent to CHF 2.86 billion at current spot rates. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: CHF0.17 (vs CHF0.28 in 1Q 2024) First quarter 2025 results: EPS: CHF0.17 (down from CHF0.28 in 1Q 2024). Revenue: CHF726.6m (up 43% from 1Q 2024). Net income: CHF56.7m (down 38% from 1Q 2024). Profit margin: 7.8% (down from 18% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Luxury industry in South America. Announcement • Apr 30
On Holding AG to Report Q1, 2025 Results on May 13, 2025 On Holding AG announced that they will report Q1, 2025 results Pre-Market on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to Mex$740, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 9x in the Luxury industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$681 per share. Announcement • Apr 02
On Announces Executive Appointments On announced the appointment of four key senior leaders, attracting top talent from across industries: Katarina Berg as Chief People Officer, starting August 1, 2025, joining from Spotify where she held the position of Chief Human Resources Officer; Scott Maguire as Chief Innovation Officer, started March 31, 2025, joining from Specialized where he served as CEO, and previously from Dyson where he was the COO; Adib Sisani as Chief Communications Officer, starting April 1, 2025, joining from Axel Springer, where he was Global Head of Communications; Craig Jones as Chief Supply Chain Officer, started March 10, 2025, joining from Levi Strauss, where he held the position of SVP of Distribution and Logistics Operations These strategic additions, along with the highly accomplished team of existing leaders, demonstrate On's commitment to building a world-class group of senior leaders to drive innovation, foster a strong company culture, and enhance its global brand presence. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to Mex$900, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 10x in the Luxury industry in South America. Simply Wall St's valuation model estimates the intrinsic value at Mex$668 per share. Reported Earnings • Mar 04
Full year 2024 earnings released Full year 2024 results: Revenue: CHF2.32b (up 29% from FY 2023). Net income: CHF242.3m (up 204% from FY 2023). Profit margin: 11% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Luxury industry in South America. Announcement • Mar 04
on Holding AG Provides Earnings Guidance for the Year 2025 On Holding AG provided earnings guidance for the year 2025. For the full year 2025, On expects to achieve a constant currency growth rate of at least 27%, translating to net sales of at least CHF 2.94 billion at current spot rates. Announcement • Feb 12
On Holding AG to Report Q4, 2024 Results on Mar 04, 2025 On Holding AG announced that they will report Q4, 2024 results Pre-Market on Mar 04, 2025 Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: CHF0.095 (vs CHF0.18 in 3Q 2023) Third quarter 2024 results: EPS: CHF0.095 (down from CHF0.18 in 3Q 2023). Revenue: CHF635.8m (up 32% from 3Q 2023). Net income: CHF30.5m (down 48% from 3Q 2023). Profit margin: 4.8% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in South America. Buy Or Sell Opportunity • Nov 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to Mex$975. The fair value is estimated to be Mex$798, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • Oct 30
On Holding AG to Report Q3, 2024 Results on Nov 12, 2024 On Holding AG announced that they will report Q3, 2024 results Pre-Market on Nov 12, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CHF567.7m (up 28% from 2Q 2023). Net income: CHF30.8m (up CHF27.5m from 2Q 2023). Profit margin: 5.4% (up from 0.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in South America. Announcement • Jul 31
On Holding AG to Report Q2, 2024 Results on Aug 13, 2024 On Holding AG announced that they will report Q2, 2024 results Pre-Market on Aug 13, 2024 
