![]() ![]() 1 Ranked Iga Świątek and Rising Star Ben Shelton On Makes Further Inroads in Tennis by Signing No. We have made significant progress in many areas in the 18 months since our IPO, which will set us up for ongoing success and market share gains.” “After navigating through a challenging 2022, including supply shortages, tight production capacities and disruption of global trade lanes, we are looking forward to a great year with largely normalized operations. “After a great year and exceptionally strong fourth quarter well beyond our own expectations, we are heading into 2023 with a lot of momentum and in a position of strength,” said Martin Hoffmann, co-CEO and CFO for On. In reporting results for its first full year as a public company on Tuesday morning, the buzzy Zurich-based running shoe brand significantly cut its losses in the fourth quarter and swung to profitability for the year as sales surpassed 1 billion Swiss francs for the first time, hitting 1.2 billion Swiss francs, or $1.29 billion.Īnd management expects the momentum to continue. ![]()
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