On Holding: Strong 1Q25 Earnings But Downgrade To Hold

On Holding AG (NYSE: ONON ) has released a very strong first quarter result with sales up 40% in constant currency. The weaker USD provided a slight tailwind to the reported result, with reported sales up 43%.LDV stands for Long Duration Value. It characterises my investing style and the companies I seek to own. I am a market cap and industry agnostic investor seeking high quality, growing companies that can be comfortably held for decades. My emphasis is on return on invested capital and free cash flow per ...