Swiss sneaker maker On Holding AG reported its second-quarter 2025 earnings with revenues reaching CHF749.2 million, marking a 32% year-over-year increase and surpassing analyst estimates of CHF703.8 million. Despite posting a loss per share of CHF0.09, below the expected profit of CHF0.14, the company raised its full-year revenue guidance to CHF2.91 billion, anticipating at least 31% growth in constant currency terms, up from a previous forecast of 28%. On Holding attributed its strong performance to increased demand in Europe and Asia, successful price increases implemented in July, and resilience despite U.S. tariffs. Shares of On Holding surged over 7% following the earnings release and guidance update. Meanwhile, German energy company E.ON reported a 14% rise in adjusted EBIT to €3.82 billion for the first half of 2025, with sales increasing 5.1% to €41.55 billion. E.ON maintained its full-year adjusted EBITDA outlook between €9.6 billion and €9.8 billion and adjusted net income guidance of €2.85 billion to €3.05 billion. The company called for higher grid returns in Germany to support competitiveness and a sustainable energy transition. In the shipping sector, European tanker leader Euronav (ticker $ECO) posted strong Q2 results, beating consensus with EBITDA and EPS exceeding estimates by 12% and 20%, respectively. Euronav reported a robust time charter equivalent (TCE) rate of $50,500, with EBITDA margins of 74% and net profit after tax margins of 42%, and announced a dividend payout ratio of 90%. The Suezmax tanker market remains firm, with voyage rates exceeding third-quarter guidance. Euronav's stock rose nearly 4% following the earnings announcement.
$ECO beats again, with EBITDA/EPS +12%/+20% over consensus. Excellent Q2 TCE of $50.5k with 74% EBITDA margins and 42% NPAT margins. Paying out 90% in dividends. https://t.co/QJPM41LEyr https://t.co/iQEKv7ZVSJ
Key quotes from $ECO CC The current Suezmax market, though, is very firm, and we are either in the process of fixing or we will shortly fix voyages that are at far higher rates than our Q3 guidance.
And one week later the $ECO $FRO equity 6M performance difference significantly narrowed to 200 bps (from 1200 bps last week$. https://t.co/zwaDyji03M https://t.co/S38VkNCjbR