On Holding AG (ONON) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to On Holding AG Third Quarter 2025 Results Call. Please note that this call is being recorded. After the speaker's prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the floor over to Liv Redlinger, Head of Investor Relations. Please go ahead. Good afternoon and good morning to our investor community. Thank you for joining ONN's 2025 Third Quarter Earnings Conference Call and webcast. With me today on the call are ONN's Executive Co-Chairman and Co-Founder, Caspar Capetti, and CEO and CFO, Martin Hoffman. Before we begin, I will 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 annual report on Form 20F for the 2024 fiscal year filed with the SEC on 4th March 2025 for a detailed explanation 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 accounting standards. Please refer to today's release for a reconciliation to the most comparable IFRS measures. We will begin with Kasper, followed by Martin, leading through today's prepared remarks. after which we are looking forward to opening to the call to a Q&A session. With that, I am very happy to turn the call over to Kasper. Tha...