Roger Federer-backed On up after raising annual sales forecast

Shares of Roger Federer-backed On Holding ONON.N up ~3% at $52.91 premarket

Co raises annual sales forecast as promotions and new launches drive demand

Expects fiscal 2025 net sales to grow at least 28% on a constant currency basis, compared with prior forecast of 27% rise

Co's first-quarter sales rise 43% to 726.6 million Swiss francs ($864.38 million), above analysts' estimates of 681.2 million Swiss francs - data compiled by LSEG

Co says it would have to undertake selective pricing to mitigate impacts from U.S. President Donald Trump's tariffs

Co expects annual adjusted core profit margin growth, which excludes interest, taxes, depreciation and amortization, in the range of 16.5% to 17.5%, compared with previous range of 17% to 17.5%

Up to last close, ONON down 6.3% YTD

($1 = 0.8406 Swiss francs)