On Holding (ONON) reported Q4 adjusted earnings Tuesday of 0.33 Swiss francs ($0.37) per diluted share, compared with a loss of 0.05 francs a year earlier.

Analysts polled by FactSet expected EPS of 0.18 francs.

Net sales for the quarter that ended Dec. 31 were 606.6 million francs, up from 447.1 million francs a year earlier.

Analysts surveyed by FactSet expected 593.7 million francs.

The company said that at current spot rates, it expects full-year net sales of at least 2.94 billion francs. Analysts surveyed by FactSet expect 2.97 billion francs.

On shares were up 5.9% in recent premarket activity.