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Caspar Coppetti

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On Holding Q1 Sales +14.5%, Margin Beats

On Holding reported Q1 net sales of CHF 831.9 million, up 14.5% YoY and 26.4% in constant currency, beating consensus. Adjusted EBITDA rose 45.4% to CHF 174.3 million, with margin expanding to 21.0% f