On reports strong 2024 results

The company's annual net sales grew by 29.4 per cent year-on-year.

Switzerland-based sportswear producer On has recorded a positive performance for 2024, and has announced a double-digit net sales growth across the company’s channels, product segments and regions.

“We close this remarkable year with immense pride in all that we’ve accomplished,” commented Martin Hoffmann, On’s chief executive. Exceeding CHF 2.3 billion (GPB 2 billion) in net sales and reaching a cash position close to CHF 1 billion (GBP 874.8 million) are not just milestones but testaments to On’s continued strong momentum, all made possible through the incredible work of our team… All of the achievements and unique moments in 2024 give us an incredible amount of energy for 2025.”

The company, which was founded in 2010, reported annual net sales of CHF 2.32 billion (GBP 2.03 billion) for 2024. This represented an increase of 29.4 per cent as a year-on-year comparison. In contrast to the same point in 2023, full year net sales for last year in the Europe, Middle East and Africa (EMEA) region were boosted by 18.2 per cent, by 27.4 per cent in the Americas, and by 84.5 per cent in the Asia-Pacific region.

Publishing Data

This article was originally published on page 2 of the April 2025 issue of SATRA Bulletin.

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