On Holding Boosts FY23 Revenue Outlook, Expects Sales To Reach CHF1.76B Implying Y/Y Growth Rate Of 44% (Prior View: CHF1.74B)
Portfolio Pulse from Benzinga Newsdesk
On Holding AG has increased its FY23 revenue outlook, expecting sales to reach CHF1.76B, implying a Y/Y growth rate of 44%. The company maintains its previous outlook on gross profit margin and adjusted EBITDA margin of 58.5% and 15.0% respectively.
August 15, 2023 | 9:43 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
On Holding AG's increased FY23 revenue outlook and maintained profit margins could potentially boost investor confidence and positively impact the stock price in the short term.
The company's increased revenue outlook indicates strong business performance and growth potential, which could attract investors and drive up the stock price. The maintained profit margins further reinforce the company's financial stability.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100