Birkenstock's Impressive Financial Performance

Birkenstock Holding PLC recently revealed a remarkable 22% increase in revenue for the fourth quarter of fiscal 2024, reaching €456 million. The company's full-year revenue also surged by 21%, totaling €1.8 billion.

Net profit for the fiscal year ending September 30 climbed to €191 million, or €1.02 per diluted share. In the final quarter alone, net profit soared to €52 million, equivalent to €0.28 per diluted share. Looking ahead, Birkenstock anticipates revenue growth of 15-17% for fiscal 2025, with an EBITDA margin projected to improve up to 31.3%.

CEO Oliver Reichert's Vision for Expansion

CEO Oliver Reichert emphasized the company's strategic expansion into new market segments, including closed-toe silhouettes, orthopedics, professional, outdoor, the APMA region, and direct retail. Reichert noted, "As we continue to gain the attention of consumers and wholesale partners, we are seeing strong, balanced growth in both our DTC and B2B channels."

Despite the positive financial results, Birkenstock's shares were trading almost flat in premarket in New York at 5:28 am ET.