BUZZ-Roger Federer-backed On Holding rises after Q4 results beat

Reuters
03-04
BUZZ-Roger Federer-backed On Holding rises after Q4 results beat

** On Holding AG's ONON.N shares up 4% at $49.95 premarket, after the footwear maker's Q4 results beat expectations

** ONON says results driven by strong holiday-driven demand for its shoes and sportswear offerings

** Co says Q4 sales rose 35.7% to CHF 606.6 million ($680.73 million) vs analysts' avg. estimate of CHF 593.9 million - data compiled by LSEG

** ONON posts Q4 adj. profit of CHF 0.33 per share, beating expectations of CHF 0.17

** Co also sees FY 25 net sales to reach CHF 2.94 bln, above analysts' expectations of CHF 2.97 bln

** Shares have risen ~38% in the past 12 months

($1 = 0.8911 Swiss francs)

(Reporting by Rajarshi Roy)

((Rajarshi.Roy@thomsonreuters.com;))

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