Birkenstock Holding plc ( (BIRK) ) has released its Q4 earnings. Here is a breakdown of the information Birkenstock Holding plc presented to its investors.
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Birkenstock Holding plc is a global brand known for its commitment to foot health, offering products in footwear, sleep systems, and natural cosmetics, rooted in a tradition of shoemaking since 1774. The company reported strong financial results for fiscal 2024, with revenue growth of 21% and an adjusted EBITDA margin of 30.8%, surpassing expectations. Key financial highlights include revenue of EUR 1.8 billion, net profit of EUR 192 million, and significant growth across all geographic segments, particularly in the APMA region with a 42% increase. The company also achieved impressive double-digit revenue growth in both direct-to-consumer and business-to-business channels. Looking ahead, Birkenstock anticipates continued growth with projected revenue increases of 15-17% in fiscal 2025 and plans to improve its gross profit margin through increased production capacity utilization. The company remains optimistic about meeting its medium to long-term objectives, maintaining a strong market position, and expanding its global footprint.
