In its first full year as a public company, ONON joined the 10-figure club and turned a profit in 2022, and is now aiming for 39% growth this year to at least CHF 1.7 billion in revenues with even stronger margins. Lower freight costs will help gross margin recover to about 58.5%, close to the 60% long-term target, while SG&A will continue to leverage despite a re-acceleration of marketing expenses. Full-year adjusted EBITDA margin is forecast at 15%, up 150 basis points from 2022.

In the fourth quarter, On’s net loss narrowed ... Log in to view full article.