On to Release First Quarter Results on Tuesday, May 16, 2023, and Announces New Reporting of Net Sales by Geography Beginning Q1'23
03 5월 2023 - 5:30AM
Business Wire
Swiss performance sportswear brand On (the "Company") (NYSE:
ONON) announced today that the Company will release its first
quarter 2023 financial results on Tuesday, May 16, 2023, before
U.S. financial markets open.
The Company’s management will host an earnings conference call
and webcast at 8:00 am U.S. Eastern Time on May 16, 2023 (2:00 pm
CET on May 16, 2023). To access the live conference call by
telephone, please dial the following numbers:
United States: +1 561 771 14 27 United Kingdom: +44 161 250 82
06 Switzerland: +41 91 261 14 47
No access code necessary.
A live webcast of the conference call will be available on the
Company's investor relations website and under the following Link.
Following the conclusion of the call, a replay of the conference
call will be available on the Company's website.
In addition, effective the first quarter of 2023, the Company
will update its reporting of Net Sales by geography. Specifically,
“Rest of World”, which represented Middle East, Africa and Latin
America, will no longer be reported as a geographic location.
Instead, Middle East and Africa will now be combined with Europe
and called Europe, Middle East & Africa (“EMEA”), and Latin
America will now be part of the new geographic location called
Americas (replacing North America as a geographic location).
The new reporting of Net Sales by geography has no impact on
previously reported consolidated historical total Net Sales or
financial results. However, for ease of comparison, the Company has
provided the below table which includes Net Sales by geography for
each of the four quarters in 2022 and for the twelve-month period
ended December 31, 2022 as previously reported, the amounts being
re-allocated from Rest of World to EMEA and Americas and the new
reporting of Net Sales by geography.
Net sales by geography
(Unaudited)
(CHF in millions)
Fiscal year 2022 by
quarter
Fiscal year ended
Q1'22
Net Sales %
Q2'22
Net Sales %
Q3'22
Net Sales %
Q4'22
Net Sales %
December 31, 2022
Net Sales %
(as previously reported)
Europe
74.9
31.8%
83.3
28.6%
116.4
35.5%
79.6
21.7%
354.3
29.0%
North America
138.4
58.7%
181.7
62.3%
176.3
53.7%
242.1
66.0%
738.5
60.4%
Asia-Pacific
16.4
7.0%
17.9
6.1%
24.2
7.4%
21.6
5.9%
80.2
6.6%
Rest of World
5.9
2.5%
8.8
3.0%
11.1
3.4%
23.4
6.4%
49.1
4.0%
Net Sales
235.7
100.0%
291.7
100.0%
328.0
100.0%
366.8
100.0%
1,222.1
100.0%
(amounts to be re-allocated)
Europe, Middle East & Africa
3.5
1.5%
4.8
1.7%
3.6
1.1%
11.8
3.2%
23.8
1.9%
Americas
2.4
1.0%
3.9
1.4%
7.4
2.3%
11.6
3.2%
25.3
2.1%
Asia-Pacific
—
—%
—
—%
—
—%
—
—%
—
—%
Rest of World
(5.9)
(2.5)%
(8.8)
(3.0)%
(11.1)
(3.4)%
(23.4)
(6.4)%
(49.1)
(4.0)%
Net Sales
—
—%
—
—%
—
—%
—
—%
—
—%
(new reporting of Net Sales by
geography)
Europe, Middle East & Africa
78.4
33.3%
88.1
30.2%
120.1
36.6%
91.5
24.9%
378.1
30.9%
Americas
140.8
59.7%
185.6
63.6%
183.7
56.0%
253.7
69.2%
763.8
62.5%
Asia-Pacific
16.4
7.0%
17.9
6.1%
24.2
7.4%
21.6
5.9%
80.2
6.6%
Net Sales
235.7
100.0%
291.7
100.0%
328.0
100.0%
366.8
100.0%
1,222.1
100.0%
About On
On was born in the Swiss Alps with one goal: to revolutionize
the sensation of running by empowering all to run on clouds.
Thirteen years after market launch, On delivers industry-disrupting
innovation in premium footwear, apparel, and accessories for
high-performance running, outdoor, and all-day activities. Fueled
by customer-recommendation, On’s award-winning CloudTec®
innovation, purposeful design and groundbreaking strides in
sportswear’s circular economy have attracted a fast-growing global
fanbase — inspiring humans to explore, discover and dream on.
On is present in more than 60 countries globally and engages
with a digital community on www.on.com.
Source: On Category: Earnings
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version on businesswire.com: https://www.businesswire.com/news/home/20230502005868/en/
Investor Contact: On Holding AG Jerrit Peter
investorrelations@on-running.com or ICR, Inc. Brendon Frey
brendon.frey@icrinc.com
Media Contact: On Holding AG Vesna Stimac
press@on-running.com
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