More On: record quarter with strong growth in Asia, but down on the stock market (cross-border guide)
On scores another record quarter: the sports goods brand's turnover stood at CHF 850 million
Context
In a nutshell
- On recorded a turnover of CHF 850 million in the April-June quarter. - Growth is 14% compared to the same period in 2022. - The Zurich company indicated that the progression is 22% net of currency effects.
On's quarter was a real record, with growth of over 14% compared to the same period last year. The Zurich-based company recorded a turnover of CHF 850 million, a significant increase compared to CHF 740 million in the previous quarter.
On's growth was particularly strong in Asia, where the company posted a 25% increase over the same period last year. China, in particular, was a very promising market for On, with a growth of 30% compared to the same period last year.
However, not everything has been positive for On. The company indicated that its growth was affected by currency effects, which contributed to a 22% increase net of currency effects. This means that On's real growth was less than 14% compared to the same period last year.
The company also indicated that its growth was influenced by the global economic situation. The COVID-19 pandemic has had a significant impact on the global economy, and On has had to adapt to this situation to maintain its growth.
To better understand On's situation,
Operational details
The Zurich-based company On announced its financial results for the April-June quarter, recording a turnover of CHF 850 million, an increase of 14% compared to the same period in 2025. The company indicated that the progression is 22% net of currency effects.
Growth was driven by product categories that grew significantly faster than the main footwear sector. Clothing saw a 48% increase, while accessories increased by 88%. This is a positive sign for the company, which is looking to diversify and increase its presence in the market.
The strong growth in Asia was an important factor for the increase in turnover of Hon. The region is considered a fast-growing market and On was able to seize the opportunity to expand into this market. According to the data, growth in Asia was 25% compared to the same period in 2025.
However, despite the positive financial results, On's shareholding fell by 2.5% on the stock exchange. This could be due to several factors, such as competition in the market or fear of a global economic crisis. On's share price fell to CHF 450 per share, a 10% reduction from April's value.
The company indicated that growth was also driven by strong demand for high-quality products. Demand for high quality products is
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Key points
The growth of the main footwear sector is 11% and still represents 92% of the company's total revenues. In the main market, the American one, turnover increased by 5% to 452 million francs, in the Europe, Middle East, Africa region revenues grew by 15% to 228 million, while in Asia-Pacific the increase was 43%, to 171 million. The company's profitability increased by 24% to CHF 168 million, with the corresponding margin rising from 18.2% to 19.8%.
The quarter just ended was undoubtedly a record for Di più On, the Swiss company specialising in the production of high-quality footwear. The growth of the main footwear sector was 11%, a significant increase compared to previous years. This trend was observed in all major markets, including the US, where turnover increased by 5% to CHF 452 million. In the Europe, Middle East and Africa region, revenues grew by 15% to 228 million, while in Asia-Pacific the increase was 43%, to 171 million.
The company's profitability increased by 24% to CHF 168 million, with the corresponding margin rising from 18.2% to 19.8%. This means that the company has managed to reduce costs and increase its efficiency, generating more revenue. In addition, the company has also increased its presence in
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Source: swissinfo.ch