On Holding AG reported robust fourth-quarter 2024 results, with sales growth of 36%, surpassing consensus estimates of 33%. The company's gross margins surged to a record high of 62.1% for the quarter, indicating strong profitability.
For the full year 2024, On Holding AG ended on a strong note, with all key metrics exceeding expectations. The company's consistent performance underscores its effective business strategy and growing brand appeal.
Management provided guidance for 2025, anticipating revenue growth to be front-end loaded, with first-half 2025 revenue growth expected to be higher than the second half. This is attributed to the timing of new product launches, such as the Cloud 6 in February.
Sales growth in the Europe, Middle East, and Africa (EMEA) region accelerated significantly, increasing from 15% in the third quarter to 33% in the fourth quarter. This regional acceleration highlights expanding market penetration and demand.
Despite initial 2025 revenue and gross margin guidance being slightly below some expectations, the company has a history of exceeding its own forecasts. This suggests a prudent approach to guidance while maintaining confidence in its underlying business momentum.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.