On Holding AG announced its third-quarter 2024 financial results, reporting a substantial increase in net sales. Net sales for the quarter rose by 32.3% to CHF 635.8 million, demonstrating continued strong demand for the company's products.
The company also achieved an improved adjusted EBITDA margin, which grew to 18.9% from 16.9% in the prior year period. This indicates enhanced operational efficiency and profitability for On Holding AG.
Despite a decrease in diluted earnings per share to CHF 0.09 from CHF 0.18, On Holding AG upgraded its full-year outlook for net sales growth. This revised guidance reflects management's confidence in sustained business momentum and future performance.
The third quarter results included record sales and a record profit margin, underscoring the company's strong market position. However, reported earnings per share missed some analyst expectations for the period.
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