On Holding AG (ONON) announced earnings for its third quarter that Increases, from last year
The company's earnings totaled CHF106.8 million, or CHF0.36 per share. This compares with CHF27.2 million, or CHF0.09 per share, last year.
Excluding items, On Holding AG reported adjusted earnings of CHF127.6 million or CHF0.43 per share for the period.
The company's revenue for the period rose 24.9% to CHF794.4 million from CHF635.8 million last year.
On Holding AG earnings at a glance (GAAP) :
-Earnings: CHF106.8 Mln. vs. CHF27.2 Mln. last year.-EPS: CHF0.36 vs. CHF0.09 last year.-Revenue: CHF794.4 Mln vs. CHF635.8 Mln last year.
*Earnings of Class A shares.
Citing its third-quarter robust earnings performance, the company has revised up its annual outlook.
On Holding now expects an adjusted EBITDA margin of over 18%, compared with the prior outlook of 17% to 17.5%.
The company now anticipates sales of CHF 2.98 billion, higher than the earlier guidance of CHF 2.91 billion.
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