2023-10-04 05:37:03
Zurich (awp) – Sports shoe manufacturer On Running has announced its ambitions to double its net sales between 2023 and 2026. The company is aiming for the top spot among the world’s premium sportswear brands.
As of December 31, 2023, On Running forecasts net sales of 1.76 billion Swiss francs, reports a press release published on Wednesday. For 2026, management is counting on double that, or 3.55 billion.
The company also intends to exceed 60% gross profit margin and achieve an adjusted Ebitda margin of more than 18% within three years.
Management is pleased to have exceeded its growth target by crossing one billion Swiss francs in sales since its listing on the New York Stock Exchange (NYSE) in September 2021. The investor day will take place on Wednesday at On Labs in Zurich.
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