By Mathias Eichler
SELF CARE by Three Magnets Brewing releases Gearhead IPA in partnership with the Trail Running Film Festival. Get this delicious NA beer shipped right to your door (in most of the US).
SELF CARE by Three Magnets Brewing releases Gearhead IPA in partnership with the Trail Running Film Festival. Get this delicious NA beer shipped right to your door (in most of the US).
From the official press release:
On achieves strong full year results in 2023, significantly exceeding the expectations set at the beginning of the year, reaching net sales of CHF 1,792.1 million. This reflects a reported growth rate of 46.6% year-over-year and over 55% on a constant currency basis. On further reports a gross profit margin of 59.6%, net income of CHF 79.6 million and an adjusted EBITDA margin of 15.5%, showcasing On’s ongoing commitment to combine strong growth with continuously increasing profitability.
Just bonkers numbers for a brand that didn’t exist just a few years ago. What one can do when Roger Federer infuses lots of cash into your company.
*not an official term used in their investor filing.
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