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Article Date: March 2024
Word Count: 565

On Running Hit by ForEx in Q4, Guides for 30% Sales Growth

After a year when constant currency sales grew by more than 50%, ONON expects growth in 2024 will moderate to least 30%, implying CHF 2.25 billion, still above the three-year CAGR of 26% guided at its investor day last fall. A full year gross margin of about 60% will contribute to an adjusted EBITDA margin of 16.0% to 16.5%, an improvement from 2023’s 15.5%. On does not provide IFRS earnings guidance, but expects some additional foreign exchange headwinds this year from the strong Swiss Franc, especially in the first half. CapEx ... Log in to view full article.


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