On Holding AG (NYSE:ONON)
$ 52.71 1.22 (2.37%) Market Cap: 16.87 Bil Enterprise Value: 16.09 Bil PE Ratio: 101.56 PB Ratio: 12.26 GF Score: 60/100

Q4 2023 On Holding AG Earnings Call Transcript

Mar 12, 2024 / 12:00PM GMT
Release Date Price: $30.64 (-8.86%)
Operator

(Operator Instructions) Good afternoon, good morning, and thank you for joining ON's 2023 Fourth Quarter and Full Year Earnings Conference Call and Webcast.

With me today on the call are CFO Martin Hoffmann and Co-CEO, Marc Maurer. Before we begin, I'll briefly remind everyone that today's call will contain forward-looking statements within the meaning of the federal securities laws.

These forward-looking statements reflect our current expectations and beliefs-only and are subject to certain risks and uncertainties that could cause actual results to differ materially.

Please refer to our 20-F filed with the SEC earlier this morning for a detailed discussion of such risks and uncertainties. We will further reference certain non-IFRS financial measures such as adjusted EBITDA and adjusted EBITDA margin. These measures are not intended to be considered in isolation or as a substitute for the financial information presented in accordance with IFRS.

Please refer to today's release for a reconciliation to the most comparable IFRS measures. We will begin with David, followed

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