On Holding dips after muted annual sales forecast

On Holding AG

03/03/2026 10:39

** U.S.-listed shares of sportswear maker On Holding ONON.N 49G.BN down ~11% to $41.40 premarket

** Co sees at least 23% sales growth in 2026 on a constant-currency basis, below 30% rise in 2025

** Sees annual profit margin increasing to at least 63%, from 62.8% in 2025, though the outlook does not yet factor in a lower U.S. tariff rate following the Supreme Court strikedown of IEEPA-based duties

** Q4 adjusted EBITDA rises 31.8%, sales up 22.6% to 743.8 million Swiss francs ($949.69 million), above estimates of 724.3 million francs - data compiled by LSEG

** Shares fell 15% in 2025

** U.S. stock index futures fall as investors assess the fallout of U.S. and Israeli strikes on Iran and the repercussions it could have on inflation and global trade

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))