On Holding AG (ONON.US) Q1 2026 Earnings Conference Call
Live time: May 12, 2026 12:00 UTC
On Holding AG (ONON.US) Q1 2026 Earnings Conference Call
Live time: 05/12/2026 12:00:00 UTC
昂跑 (ONON.US) 2026 年第一季度业绩电话会
Summary
00:00
Opening Remarks by Ellie
Ellie, the call operator, welcomes participants to the 2026 Q1 earnings call of On Holding AG and mentions that the call will include prepared statements and a Q&A session.
00:51
Opening Statement by Liv Radlinger (Head of Investor Relations)
Liv Radlinger briefly introduces the executive team attending the Q1 earnings call and provides legal disclaimers about forward-looking statements and non-IFRS measures.
02:46
Q1 Business Insights by Casper Capetti (Co-Founder & Co-CEO)
Casper Capetti highlights strong start of 2026, with net sales exceeding CHF 830 million, a 26.4% constant currency growth, driven by disciplined premium execution that resulted in robust gross profits and adjusted EBITDA margin.
14:40
Financial Overview by Martin Hoffman (Outgoing CEO & CFO)
Martin Hoffman reflects on his years at On Holding, showcasing significant growth since IPO, including net sales increasing from USD 725M to over CHF 3B, while maintaining industry-leading gross margins exceeding 60% and achieving significant profitability improvements.
26:18
Regional Performance Insights by Martin Hoffman
Martin Hoffman reviews regional revenue growth: Americas reached CHF 450.7M with brand awareness surpassing 30%, while APAC delivered 61.4% constant currency growth, with a standout performance in Greater China and South Korea.
40:13
Revenue Guidance by Casper Capetti
Casper Capetti confirms a 23% constant currency revenue growth target for 2026 alongside a projected adjusted EBITDA margin between 19.5% and 20%, supported by premium pricing and disciplined expansion strategies.
40:44
Future Leadership Structure — Analyst: Aubrey Tianaella (BNP Paribas)
Casper Capetti outlines the continuation-focused leadership structure, maintaining strategic responsibilities, with CFO Frank and COO Scott reporting to the co-CEOs.
42:41
American Market Analysis — Analyst: Rick Patel (Raymond James)
Casper Capetti elaborates on brand awareness exceeding 30% in the American market while highlighting robust DTC expansion and new audience engagement from younger and more female demographics.
48:40
Resisting Over-Saturation — Analyst: Jay Sole (UBS)
Casper Capetti reaffirms the company’s commitment to sustainable premium growth, emphasizing innovation and high-end product strategies rather than volume-led growth.
51:14
2030 Vision Roadmap — Analyst: Jonathan Komp (Baird)
Casper Capetti anticipates presenting the company's 2030 vision in September, focusing on high-performance product innovation and disciplined long-term growth.
55:33
2026 Growth Momentum — Analyst: Anisha Sherman (Bernstein Research)
Martin Hoffman clarifies DTC's strong growth rate versus wholesale and provides deeper insights into margin improvements, influenced by pricing, supply measures, and cost optimizations.
59:00
Marketing Investment Outlook — Analyst: Cristina Fernandez (Telsey Advisory Group)
Casper Capetti assures stability in growth projections while maintaining high quality and strategic marketing investments aimed at brand reinforcement and expansion.
Related Notices
On Holding AG | (6-K) Report by foreign issuer of material events
May 12, 2026 06:10
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