Birkenstock Surpasses Fiscal 2024 Financial Targets

Birkenstock Holding plc announced fiscal year 2024 results that exceeded expectations, with a 21% increase in revenue, reaching EUR 1.8 billion. The adjusted EBITDA margin stood at 30.8%, surpassing the projected range. Significant revenue growth was observed across all regions: 19% in the Americas, 21% in Europe, and 42% in the APMA region. Driven by strong consumer demand, Direct-To-Consumer (DTC) and Business-To-Business (B2B) revenues grew 21% and 23%, respectively, on a constant currency basis.

The gross profit margin for the year was 58.8%, although lower due to temporary production capacity expansion. Net profit increased by 155% year-over-year to EUR 192 million. The company invested EUR 74 million to expand production and retail presence. Looking ahead, Birkenstock anticipates 15-17% revenue growth in fiscal 2025, with a targeted adjusted EBITDA margin of up to 31.3%.