Sportswear company On has presented new financial targets for the 2026-2029 period. This is stated in a press release issued in connection with the company’s capital markets day.
On is targeting annual sales growth in constant currency in the upper-teens range and net sales of at least 5.6 billion Swiss francs in 2029, equivalent to SEK 67.1 billion.
Gross margin is to be at least 65 percent during the period, while the adjusted EBITDA margin is to reach at least 22 percent in 2029. The targets also mean that adjusted EBITDA is to grow by an average of more than 20 percent per year between 2026 and 2029.
On has also received board approval to repurchase shares for up to 1 billion dollars through the end of 2029.
“We are well on track to significantly exceed the targets we set at the previous capital markets day in 2023. For the period through 2029, we have committed to making premium our guiding star, maintaining our focus on the long term and executing every step of the On Premium Playbook,” comments co-founder and co-CEO Caspar Coppetti.
On is listed on the New York Stock Exchange.
