In This Article:
On Holding (NYSE:ONON) Third Quarter 2024 Results
Key Financial Results
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Revenue: CHF635.8m (up 32% from 3Q 2023).
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Net income: CHF30.5m (down 48% from 3Q 2023).
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Profit margin: 4.8% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
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EPS: CHF0.094 (down from CHF0.18 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
On Holding Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of On Holding's balance sheet and an in-depth analysis of the company's financial position.
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