Swiss Shoe Company On Exceeds CHF3 Billion In Sales For The First Time
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Laufschuhfirma On erstmals mit über 3 Milliarden Franken Umsatz
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Read more: Laufschuhfirma On erstmals mit über 3 Milliarden Franken U
Sales rose by 30% to CHF 3.01 billion in its 15th anniversary year, On announced on Tuesday. The strong Swiss franc slowed development, resulting in growth of 36% at constant exchange rates.
+ Get the most important news from Switzerland in your inboxThe main drivers were the dynamic development in Asia-Pacific and above-average growth in the clothing and accessories business. Sales in Asia almost doubled to CHF511 million.
In its largest market, the Americas (North and South America), the Zurich-based group, which is listed on the New York Stock Exchange, generated sales of CHF1.74 billion. This is 18% more than in the previous year. In the Europe, Middle East and Africa (EMEA) region, the figure was CHF763 million, an increase of 32%.
More More Is Swiss footwear brand On getting too greedy for its own good?This content was published on Jan 19, 2024 The Zurich-based firm has been accused of making high profits at the expense of Vietnamese workers and Swiss customers.
Read more: Is Swiss footwear brand On getting too greedy for its own
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