Birkenstock Holding PLC was able to grow significantly in the second quarter of the 2025 financial year and then raised its annual forecast.
The German shoe provider generated sales of 574.3 million euros in the three months until March 31, as can be seen from the intermediate report published on Thursday. According to this, the company was able to achieve a sales increase of 19 percent in the previous year (adjusted for currency +18 percent). This is due to a strong demand in all segments, channels and categories. In the first half of the year, sales were 936.1 million euros, which also corresponded to an increase of 19 percent.
Birkenstock was able to grow sales growth worldwide in the second quarter. In Europe, the Middle East and Africa, sales grew by 12 percent compared to the second quarter of the previous year to 212.9 million euros, in North and South America by 23 percent to 312.5 million euros and in Asia-Pacific by 30 percent to EUR 47.8 million.
The adjusted result before interest, taxes and depreciation (EBITDA) was 202.6 million euros compared to 156.6 euros in the second quarter of 2024. The bottom line was Birkenstock a net profit of 105.1 million euros, which corresponded to an increase of 47 percent compared to the same period in the previous year. Adjusted for special effects, the quarterly surplus grew by 33 percent to 102.7 million euros.
Birkenstock raises annual forecasts
After this strong quarter, Birkenstock raises his forecast for the 2025 financial year despite the uncertainties and uncertain customs adjustments from the United States.
For the financial year, Birkenstock now expects currency -adjusted sales growth at the upper end of the previous forecast of 15 to 17 percent. In the case of co-cleaned Ebitda margin, the company now assumes an increase of 31.3 to 31.8 percent. This would be between 660 and 670 million euros, which corresponds to an increase of 19 to 21 percent compared to the previous year.
“We assume that the customs situation could cause a unique change in consumer behavior in the shoe category, with a division between the few brands, such as Birkenstock, which manage strong brand capital through relative scarcity, and those who pass their products with less discipline and price integrity,” said Birkenstock CEO Oliver Reicherhert. “We will master these uncertain times from a position of strength.”