The sandal manufacturer Birkenstock, which is about to go public, has significantly increased its sales, primarily due to price increases.
In the nine months up to June, the company from Rhineland-Palatinate generated sales of around 1.12 billion euros, according to a stock exchange prospectus presented on Friday. In the same period last year it was 921 million. The bottom line is that Birkenstock earned 103.3 million euros, a quarter less than in the same period last year. This was mainly due to less favorable exchange rates.
On Tuesday, Birkenstock announced its IPO in the USA. The company describes itself as the “inventor of the footbed”. The sandals recently caused a stir with an appearance in the successful “Barbie” film.
Since 2021, the main owner has been the investment company L Catterton, which is linked to the luxury group LVMH (Louis Vuitton, Christian Dior) and its billionaire boss Bernard Arnault. L Catterton will retain control of Birkenstock after the IPO.
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LINZ AM RHEIN (dpa-AFX)
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