Quarterly report: Birkenstock grows by double digits – schuhkurier

In the third quarter of the financial year, which ended on June 30, Birkenstock achieved sales of EUR 565 million. This is an increase of 19% over the previous year. There was double-digit growth in all regions of the world. Birkenstock achieved 15% more sales in the Americas, 19% in Europe and 41% in the APMA region (Asia-Pacific, Middle East and Africa). D2C sales grew by 14% after adjusting for currency effects, and wholesale sales by 23%. The gross margin fell by 220 basis points from 61.7% to 59.5%. According to Birkenstock, this is due to the effects of the expansion of production capacity and the increase in the B2B share. Profit rose by 18% from EUR 63 million to EUR 75 million, and earnings per share from EUR 0.35 to EUR 0.40. EBITDA increased by 15% to EUR 186 million, while the adjusted EBITDA margin fell from 34.4% to 33%. Birkenstock also explains this with the effects of the expansion of production capacity and the increase in the B2B share.

The annual forecast is confirmed. Birkenstock expects sales growth of 20% in constant currency and an adjusted EBITDA margin of 30% to 30.5% for the full financial year.