On Holding AG (ONON) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.173 Hello everyone, thank you for joining us and welcome to the On Holding AG second quarter 00:00:05.173 -- 00:00:10.235 2026 earnings call. After today's prepared remarks, we will host a question and answer 00:00:10.235 -- 00:00:15.197 session. If you would like to ask a question, please press star 1 to raise your hand. 00:00:15.197 -- 00:00:18.138 To withdraw your question, press star 1 again. 00:00:18.138 -- 00:00:23.100 I will now hand the conference over to Liv Rattinger, Head of Investor Relations. 00:00:23.100 -- 00:00:25.920 Liv, please go ahead. 00:00:27.560 -- 00:00:31.102 Good afternoon and good morning to our investor community. 00:00:31.102 -- 00:00:35.424 Thank you for joining on second quarter earnings conference call and webcast. 00:00:35.424 -- 00:00:41.247 With me today on the call are David Allemann, founder and co-CEO, and Frank Slouse, 00:00:41.247 -- 00:00:43.247 CFO. 00:00:43.388 -- 00:00:48.871 Before we begin, I will briefly remind everyone that today's call will contain forward-looking 00:00:48.871 -- 00:00:53.221 statements within the meaning of the federal securities laws. 00:00:53.221 -- 00:00:57.885 These forward-looking statements reflect our current expectations and beliefs only and 00:00:57.885 -- 00:01:02.889 are subject to certain risks and uncertainties that could cause actual results to differ 00:01:02.889 -- 00:01:04.531 materially. 00:01:04.531 -- 00:01:09.736 Please refer to our annual report on Form 20F for the 2025 fiscal 00:01:09.736 -- 00:01:14.760 year filed with the SEC on 3rd March 2026 for 00:01:14.760 -- 00:01:19.362 a detailed discussion of such risks and uncertainties. 00:01:19.633 -- 00:01:25.517 We will further reference certain non IFRS financial measures such as adjusted EBITDA 00...