The German shoe provider Birkenstock continued its growth course in the third quarter of the 2024/25 financial year. This emerges from a current interim report, which the parent company Birkenstock Holding PLC, which was listed on the New York stock exchange, released on Thursday.
In the months of April to June, the group turnover reached an altitude of 635.0 million euros. This corresponded to growth by twelve percent compared to the previous year. Adjusted to change exchange rate changes, the proceeds rose by 16 percent.
In the wholesale business, sales increased by 15 percent (currency -adjusted +18 percent) to EUR 390.2 million, the own retail achieved an increase of nine percent (adjusted for currency +12 percent) to 243.9 million euros.
Birkenstock again reports double -digit sales growth in all regions
Birkenstock was also able to record double -digit growth in all market regions in the past quarter. In America, revenues rose by ten percent (currency -adjusted +16 percent) to 312.3 million euros, in the EMEA region, which includes Europe, the Middle East and Africa, they increased by 13 percent to EUR 258.6 million.
The most dynamic, the Asian-Pacific room with a increase in sales of 21 percent (currency-adjusted +24 percent) developed to 63.2 million euros.
The net profit increases by 73 percent
Due to price increases and the better utilization of the production facilities, the gross margin, which had been 59.5 percent in the previous year, rose to 60.5 percent. This resulted in the result that was adjusted by special effects before interest, taxes and depreciation (EBITDA) increased by 17 percent to 218.3 million euros.
The designated net profit reached a height of 129.2 million euros and thus exceeded the corresponding level of the previous year by 73 percent. Adjusted for special effects, the surplus rose by 26 percent to 116.0 million euros.
The annual forecasts remain unchanged
Birkenstock CEO Oliver Reichert continues to see the company on course. “The results in the third quarter show the strong foundation of our brand,” he said in a statement and emphasized the recent margin improvements. “We believe that we are well positioned in order to manage the effects of the current agreement between the USA and the EU, which includes customs duties of 15 percent, through a combination of price adjustments, cost discipline and inventory management and thus to secure the long -term health and profitability of the Birkenstock brand,” emphasized Reichert.
In view of the current figures, management held on to its existing annual forecasts. For 2024/25, it continues to expect “at the top” of the original target corridor of 15 to 17 percent.
The forecast for the EBITDA margin, which was adjusted for special effects, is still 31.3 to 31.8 percent. The “significant weakness” of the US dollar has already been taken into account, the company said.