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Beijing News Shell Finance News: On August 15, Beijing News Shell Finance reporter learned that Swiss brand On announced its second quarter and first half results for 2024. In the second quarter, the company's net sales increased by 27.8% year-on-year to 570 million Swiss francs (an increase of 29.4% at a constant exchange rate), and profits rose to 31 million Swiss francs.

By channel, during the reporting period, the retail channel revenue of Angpao increased by 28.1% to 210 million Swiss francs, and the wholesale channel revenue increased by 27.6% to 360 million Swiss francs. By product, footwear revenue increased by 24% to 540 million Swiss francs; apparel revenue increased by 63% to 22 million Swiss francs, the fastest growing category; accessories revenue increased by 23.6% to 3 million Swiss francs.

By region, the Asia-Pacific market performed outstandingly, with revenue increasing by 73.7% year-on-year to CHF 59.2 million, making it the fastest growing region; revenue in the US market increased by 25% year-on-year to CHF 370 million; and revenue in the Europe, Middle East and Africa market increased by 22% year-on-year to CHF 140 million.

In the first half of 2024, On sales increased by 24.4% year-on-year to 1.08 billion Swiss francs, an increase of 29.3% at constant exchange rates.

According to On, it has opened 25 new stores in the Chinese market in the past year.

Editor: Li Zheng

Proofread by Yang Li