Financial

On Holding’s Q3 results impacted by currency effects

By 2024-11-13T05:06:00

on running start

On failed to meet expectations for its quarterly earnings due to a 42.6 million Swiss franc (€45.4m) currency fluctuation impacting results. Still, the Swiss group posted another blockbuster sales period and increased its revenue and gross margin guidance for the year.

The running brand’s operating income rose by 26 percent to €77.4m on 32 percent revenue growth to €677.5m. 

SIGN-IN  if you are already a subscriber of SGI Europe

Gated access promo

Become an SGI Europe Professional subscriber

Get access to what the top decision makers are reading in the sporting goods industry:

  • Access  to all SGI Europe news across 14 coverage areas (Retail, Corporate & M&A, Financial, Product, Marketing, Trade & Sourcing, Sustainability, Technology,…)
  • Access exclusive content  before it breaks to the public, scoops and breaking news
  • Essential E-mail Briefings  with the latest analysis and most important industry developments of the international market
  • C-Suite Interviews, guest chronicles  from industry experts and leaders that are shaping the future of the industry
  • Organisation-wide access  across offices, people and devices

SUBSCRIBE TODAY!

View all subscription plans on our subscription page.