On Holding AG posted a new record revenue figure for the third quarter of its 2026 financial year, with profit sharply higher. From July to September, the Swiss sportswear maker's revenue reached 931.4 million Swiss francs, or 1.01 billion euros converted, exceeding the same quarter of the previous year by 17.2%. Hors currency effects, the increase reaches 17.8%.
Direct retail sales jumped 25.0% to 393.3 million Swiss francs. Wholesale trade grew more modestly, by 12.2%, to 538.2 million Swiss francs.
Chaussure, apparel and accessories rise
In its core business, Chaussure, revenue rose 15.4% to reach 843.7 million Swiss francs. L'habillement grew 38.7% to 69.5 million Swiss francs, while accessories climbed 39.2% to 18.1 million Swiss francs.
Toutes regions of the world contributed to sales growth. L'Asie-Pacifique posted the strongest increase, at 31.1%, with revenue of 189.9 million Swiss francs. The Americas grew 12.4% to 490.1 million Swiss francs, and the EMEA region, which brings together Europe, Moyen-Orient and Africa, grew 17.9% to 251.4 million Swiss francs.
Gross margin at a historic level
Marge gross margin climbed to 72.6%, against 65.7% in the same quarter of the previous year, reaching a historic level for L'entreprise. Customs duty refunds in États-Unis notably contributed to this increase. L'EBITDA adjusted jumped 42.7% to 256.8 million Swiss francs.
Reported net profit rose 36.9% to reach 162.8 million Swiss francs, or 176.8 million euros converted.
Neuf months of sustained growth
Over the first nine months of the financial year, revenue reached 2.61 billion Swiss francs, up 15.1%. Cumulative net profit stood at 371.0 million Swiss francs, more than double the 134.6 million Swiss francs recorded in the same period last year.
L'entreprise had so far targeted a gross margin of at least 65% for the financial year. Hors customs duty refunds, the forecast is now set at 66%.
