Swiss Running Label On Running Breaks Records in Second Quarter, Reaches CHF 567.7 Million in Revenue
In the fast-paced world of running, Swiss label On Running is making major strides. The company has just announced a 28% increase in revenue, reaching an impressive CHF 567.7 million ($654.4 million USD) in the second quarter of this year. And that’s not all – in the first half of 2021, On Running has already achieved net sales of CHF 1.08 billion ($1.25 billion USD), thanks to their successful multichannel strategy and strong performance in the Asia Pacific market.
But it’s not just about the numbers for On Running. The company’s net profit has also skyrocketed, with a whopping 156.5% increase from last year. In the second quarter alone, On Running achieved profits of CHF 30.8 million ($35.6 million USD), bringing their half-year net profit to CHF 122.2 million ($141.3 million USD).
Aside from their financial success, On Running has also been making waves in the industry with exciting developments. They recently launched a new tennis apparel division and announced a partnership with FKA Twigs, who will lead the design of a new performancewear line. Plus, with the addition of Zendaya as an official ambassador and the face of several campaigns alongside fellow ambassador Roger Federer, On Running is gaining even more attention.
Co-founder and executive co-chairman David Allemann is thrilled with the company’s progress, stating, “We are coming out of the summer with a lot of confidence and are extremely excited about On’s trajectory.” And it seems the future is looking bright for On Running, with expectations of at least a 30% sales growth to reach net sales of CHF 2.26 billion ($2.61 billion USD) or more.
For a more detailed look at On Running’s financial report, click here.
