The German shoe provider Birkenstock continued its growth course in the first quarter of the 2024/25 financial year. This emerges from current figures that the parent company Birkenstock Holding PLC, which was listed on the New York Stock Exchange on the New York Stock Exchange.
From October to December, the group turnover reached an amount of 361.7 million euros. This corresponded to growth by 19 percent compared to the previous year. In the wholesale business, sales rose by 30 percent to 182.0 million euros, in their own retail by eleven percent to 178.5 million euros.
Birkenstock lists double -digit sales growth in all market regions
Birkenstock was again able to achieve double -digit growth in all market regions. In America, revenues rose by 16 percent to 210.7 million euros, in the EMEA region, which comprises Europe, the Middle East and Africa, increased by 17 percent to 102.8 million.
The most dynamic, the Asian-Pacific room with a increase in sales from 47 percent to 47.1 million euros developed again. Birkenstock CEO Oliver Reichert justified the “extraordinarily strong” growth in the region with the accelerated opening of new stores and the increase in delivery quantities to some wholesale partners.
The company achieves a net profit of around 20 million euros
Because the share of sales of wholesale business is increasing compared to its own retail, the gross margin fell from 61.0 to 60.3 percent. The result, which was adjusted for special effects, still grew by 25 percent to 102.1 million euros.
The bottom line was that a proven net profit of 20.1 million euros was, after the company had booked a loss of almost 7.2 million euros in the first quarter of the previous year, not least due to once loading in the course of the IPO. Adjusted for special effects, net profit rose by 99 percent to 33.3 million euros.
The annual forecasts remain unchanged
In view of the current figures, management held on to its existing forecasts. For 2024/25, it continues to expect a currency -adjusted sales increase in the range of 15 to 17 percent.
The EBITDA margin, which had been adjusted for special effects, is expected to achieve 30.8 to 31.3 percent last year. The company also assumes that the gross margin will continue to approach the long -term goal of 60 percent.