ON Aims To Double Its FY23 Sales By 2026; Maintains FY23 Outlook Of CHF 1.76B In Net Sales, ~58.5% Gross Profit Margin And 15% Adjusted EBITDA Margin
Portfolio Pulse from Benzinga Newsdesk
On Holding AG (ONON) has reiterated its FY23 outlook, aiming to achieve CHF 1.76 billion in net sales, a gross profit margin of 58.5%, and an adjusted EBITDA margin of 15%. The company also plans to double its net sales to CHF 3.55 billion by 2026, reflecting a CAGR of over 26%, and aims to exceed a 60% gross profit margin and reach an 18%+ adjusted EBITDA margin by 2026.
October 04, 2023 | 5:49 am
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POSITIVE IMPACT
On Holding AG's reaffirmed FY23 outlook and ambitious growth plans for 2026 could potentially boost investor confidence and positively impact its stock price in the short term.
The company's reaffirmed FY23 outlook and ambitious growth plans for 2026, including doubling its net sales and exceeding a 60% gross profit margin, could be seen as a positive signal by investors, potentially leading to increased demand for the stock and a rise in its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100