For the first time, the Zurich-based shoe and apparel manufacturer generated sales of more than CHF3 billion (about $3.81 billion). At the same time, it succeeded in improving profitability. Sales rose by 30% to CHF 3.01 billion in its 15th anniversary year, On announced on Tuesday. The strong Swiss franc slowed development, resulting in growth of 36% at constant exchange rates. + Get the most important news from Switzerland in your inbox The main drivers were the dynamic development in Asia-Pacific and above-average growth in the clothing and accessories business. Sales in Asia almost doubled to CHF511 million. In its largest market, the Americas (North and South America), the Zurich-based group, which is listed on the New York Stock Exchange, generated sales of CHF1.74 billion. This is 18% more than in the previous year. In the Europe, Middle East and Africa (EMEA) region, the figure was CHF763 million, an increase of 32%. Footwear sales continued to account for the lion's share ...
