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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.
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Net sales through direct-to-consumer (DTC) sales increased 76.4% to CHF 149.4 million.
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Net sales through the wholesale channel increased 104.3% to CHF 217.3 million.
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Gross profit for the quarter increased 91.9% to CHF 214.6 million with a profit margin of 58.5%.
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Adjusted diluted EPS for Class A shares has increased to CHF 0.02 from CHF (0.04) in the previous year.
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Adjusted EBITDA increased 451.7% to CHF 61.8 million with a margin of 16.8%.
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The Company holds CHF 371 million in cash and equivalents as of December 31, 2022.
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“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.
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Opinion:On saw Q1 net revenue growth of 61% year over year.
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The company expects net revenue growth in 2023 of 39% to CHF 1.7 billion.
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also read: Analyst says Holding’s strong brand dynamics remains unchanged
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price action: ONON stock is trading 14.05% higher at $24.60 as of Tuesday’s final check.
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this paragraph As Q4 revenue hold nearly doubled, sprinting into new consumer groups originally appeared on Benzinga.com
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