May 13, 10:25 AM

Oddity CEO Sells $385M Shares, Raises 2025 Revenue Forecast; On Holding Reports $63.1M Net Profit, 43% Sales Growth

Oddity Tech Ltd's CEO Oran Holtzman sold 5.5 million shares for $385 million following the stock reaching an all-time high, causing a roughly 9% drop in premarket trading. Despite reducing his stake to 23%, Holtzman retains majority voting rights. The company raised its 2025 revenue forecast to between $790 million and $798 million. Meanwhile, Swiss sneaker maker On Holding AG reported strong first-quarter 2025 results, with net sales reaching CHF 726.6 million, a 43% year-over-year increase. Net profit stood at $63.1 million, driven by new product launches and robust direct-to-consumer growth. The company also noted a 130% sales growth in the Asia-Pacific region, with wholesale sales up 41%, shoes growing over 40%, and apparel nearly doubling. On Holding's adjusted earnings per share were CHF 0.21, exceeding estimates, and adjusted EBITDA rose 54.8% year-over-year to CHF 119.9 million. The company has accordingly raised its sales growth forecast for 2025, citing global brand momentum and operational gains.

#Oddity Tech Ltd #Oran Holtzman #Holtzman #Swiss #On Holding AG #On Holding

Written with ChatGPT (GPT-4).

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