India, Sept. 22 -- On Holding AG (ONON) is up 12.23 percent, gaining $3.34 to $30.66 on Tuesday. The move comes after the Swiss sportswear company unveiled new 2026-2029 financial ambitions at its Investor Day, including high-teens constant-currency net sales growth and an adjusted EBITDA margin of at least 22 percent by 2029.
On Holding is currently trading at $30.66, up from the previous close of $27.32 after opening at $30.40 on the New York Stock Exchange. The stock has traded between $29.40 and $31.16 during the session, with trading volume at 21.09 million shares versus average volume of 7.12 million.
On expects 2029 net sales to reach at least CHF 5.6 billion, with a gross profit margin of at least 65 percent and adjusted EBITDA ma...