$BIRK (+0,17%) In this quarter, Birkenstock achieved strong results fueled by continued demand for its diverse product lines, geographic expansion, and category growth. The company made strategic investments in production capacity and retail presence, supporting growth across all regions.
📊 Income Statement Highlights (vs Q4 FY2023):
▫️Net Income: €52.47M vs (€28.29M) (+285.43%)
▫️Total Revenue: €455.76M vs €374.54M (+21.70%)
▫️Adjusted EPS: €0.29 vs €0.14 (+107.14%)
▫️Gross Profit Margin: 59.00% vs 65.40% (-6.40pp)
(Prior-year gross margin was elevated by non-cash adjustments)
▫️Adjusted EBITDA: €125.00M vs €95.69M (+30.61%)
▫️B2B Revenue Growth: +26% YoY
▫️DTC Revenue Growth: +18% YoY
📄 Balance Sheet Highlights (vs September 30, 2023):
▫️Total Assets: €4.88B (+1.19%)
▫️Cash & Cash Equivalents: €355.84M (+3.31%)
▫️Net Leverage Ratio: 1.8x vs 3.3x
▫️Loans & Borrowings (Non-Current): €1.17B (-35.56%)
🔮 Future Outlook: For FY2025, Birkenstock forecasts:
▫️Revenue growth of 15-17% (constant currency)
▫️Adjusted EBITDA margin expansion to 30.8-31.3%
▫️Improved gross margin nearing 60% due to better utilization of new production facilities
The company remains focused on driving profitability through continued global expansion, especially in the APAC region and closed-toe product lines, while investing in long-term growth opportunities.