Group 1 - On Holding AG reported a 43% year-on-year increase in sales for Q1 2025, reaching 727 million Swiss francs, with a gross margin increase from 59.7% to 59.9% [1] - Net profit decreased by 38% year-on-year to 56.7 million Swiss francs [1] - The brand's multi-channel strategy contributed to sales exceeding expectations, with direct-to-consumer (DTC) sales at 276.9 million Swiss francs and wholesale sales at 449.7 million Swiss francs [1] Group 2 - The Americas remained the largest contributor to sales, with a 32.7% year-on-year increase to 437 million Swiss francs, although the sales proportion decreased by 4.7 percentage points to 60.2% [1] - Approximately 90% and 10% of footwear products are produced in Vietnam and Indonesia, respectively, while 65% of apparel and accessories are produced in Vietnam [1] - Sales in the U.S. accounted for 55% and 59% of total sales in Q1 2025 and Q1 2024, respectively [1] Group 3 - Sales in Europe, the Middle East, and Africa grew by 33.6% year-on-year to 169 million Swiss francs, representing about 23.2% of total sales [2] - The Asia-Pacific region saw a significant growth of 130.1% year-on-year, reaching 121 million Swiss francs, with a sales proportion increase of 6.3 percentage points to 16.6% [2] - China and Japan were highlighted as key markets driving strong sales growth, with On planning to exceed 100 stores in China by 2026 [2]