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On Holding AG (ONON) Q4 2025 Earnings Call Transcript

Seeking Alpha
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On Holding AG reported Q4 2025 earnings on March 3, 2026, with CEO Martin Hoffmann and Co-Founder David Allemann leading the call, highlighting financial performance and strategic updates. The company emphasized forward-looking statements, warning investors of risks that could impact results, as detailed in their SEC 20-F filing released the same day. Key financial metrics included adjusted EBITDA and margin, though officials stressed these non-IFRS measures should not replace standard IFRS accounting. Analysts from firms like UBS, BofA, and Piper Sandler participated, questioning growth strategies, market expansion, and operational efficiency during the Q&A session. Liv Radlinger, Head of Investor Relations, opened the call, setting expectations for transparency while addressing regulatory and financial disclosures.
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SA Transcripts158.78K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call On Holding AG (ONON) Q4 2025 Earnings Call March 3, 2026 8:00 AM EST Company Participants Liv Radlinger - Head of Investor RelationsDavid Allemann - Co-Founder & Executive Co-ChairmanMartin Hoffmann - CEO & CFO Conference Call Participants Jonathan Komp - Robert W. Baird & Co. Incorporated, Research DivisionJanine Hoffman Stichter - BTIG, LLC, Research DivisionAnna Andreeva - Piper Sandler & Co., Research DivisionThierry Cota - BofA Securities, Research DivisionCristina Fernandez - Telsey Advisory Group LLCAubrey Tianello - BNP Paribas, Research DivisionJay Sole - UBS Investment Bank, Research Division Presentation Operator Thank you for standing by, and welcome to the On Holding AG Fourth Quarter and Full Year 2025 Results Conference Call. [Operator Instructions] I'd now like to turn the call over to Liv Radlinger, Head of Investor Relations. You may begin. Liv RadlingerHead of Investor Relations Good afternoon, and good morning to our Investor Committee. Thank you for joining On 2025 Fourth Quarter Earnings Conference Call and Webcast. With me today on the call are On's Executive Co-Chairman and Co-Founder, David Allemann; and CEO and CFO, Martin Hoffmann. Before we begin, I will briefly remind everyone that today's call will contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements reflect our current expectations and beliefs only and are subject to certain risks and uncertainties that could cause actual results to differ materially. Please refer to our 20-F filed with the SEC earlier this morning for a detailed discussion of such risks and uncertainties. We will further reference certain non-IFRS financial measures, such as adjusted EBITDA and adjusted EBITDA margin. These measures are not intended to be considered in isolation or as a substitute for the financial information presented in accordance with IFRS accounting standards. Please refer to today's release for a reconciliation to the most comparable

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