Swiss-Based Sportswear Brand On Holding Chalks Out Long Term Outlook - What's On The Cards?
Portfolio Pulse from Lekha Gupta
Swiss sportswear brand On Holding AG (NYSE:ONON) has outlined its strategic priorities and financial targets for the next three years and beyond. The company plans to focus on growth in its core areas, expand its distribution and retail presence in China, and establish a training community. It expects to double its net sales to at least CHF 3.55 billion by 2026, reflecting a CAGR of over 26%. The company also aims to exceed a 60% gross profit margin and increase its adjusted EBITDA margin to 18%+ by 2026. Beyond 2026, ONON expects to grow net sales by 20% - 25% annually.
October 04, 2023 | 2:38 pm
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On Holding AG has outlined ambitious growth plans and financial targets for the next three years and beyond. This could potentially attract investors, but the company's shares are currently trading lower.
The company's ambitious growth plans and financial targets could potentially attract investors. However, the company's shares are currently trading lower, which indicates that the market may have some concerns about the company's ability to achieve these targets.
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