On Holdings reported adjusted EBITDA nearly doubled in the second quarter as sales vaulted 52 percent (60 percent on a currency-neutral basis). Sales in the Americas region jumped 59.8 percent. On again lifted its full-year sales guidance, implying a full-year growth rate of 44 percent and a second half-year growth rate of close to 30 percent. The company’s forecast for EBITDA margin was maintained.
On’s results in the quarter topped Wall Street targets. Revenue of CHF 444.3 million ($477 mm) exceeded the consensus of CHF 418.1 million, adjusted EBITDA of CHF 62.7 million ($72 mm) exceeded the consensus of CHF 56.8 million, and adjusted EBITDA margin of 14.1 percent was ahead of the consensus of 13.6 percent.
For full details about On Holding’s Q2 results, including executive commentary and plans for local markets, go here:
