As Q4 revenue hold nearly doubled, sprinting into new consumer groups

  • When holding AG (NYSE: ON) report Q4 2022 revenue growth is 91.9% compared to the same period last year to 366.8 million CHF.

  • Net sales through direct-to-consumer (DTC) sales increased 76.4% to CHF 149.4 million.

  • Net sales through the wholesale channel increased 104.3% to CHF 217.3 million.

  • Gross profit for the quarter increased 91.9% to CHF 214.6 million with a profit margin of 58.5%.

  • Adjusted diluted EPS for Class A shares has increased to CHF 0.02 from CHF (0.04) in the previous year.

  • Adjusted EBITDA increased 451.7% to CHF 61.8 million with a margin of 16.8%.

  • The Company holds CHF 371 million in cash and equivalents as of December 31, 2022.

  • “With the Paris Olympics in 2024 an important mid-term goal, we will continue to invest in both our athletes and cutting-edge products that are at the forefront of innovation,” said Co-Director. CEO and CFO Martin Hoffmann said.

  • Opinion:On saw Q1 net revenue growth of 61% year over year.

  • The company expects net revenue growth in 2023 of 39% to CHF 1.7 billion.

  • also read: Analyst says Holding’s strong brand dynamics remains unchanged

  • price action: ONON stock is trading 14.05% higher at $24.60 as of Tuesday’s final check.

  • Company photo

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