Companies

Birkenstock Posts 83% Profit Surge Through June

Germany’s footwear specialist reports a 115 million euro surge in earnings for the first nine months of its fiscal year ending in June, a significant increase from the previous year.

Birkenstock Posts 83% Profit Surge Through June
Birkenstock Posts 83% Profit Surge Through June
Birkenstock earns 83% more in the year to June

Modaes

Birkenstock continues its upward climb. The German company specializing in footwear products has almost doubled its net result in the first nine months of its fiscal year, ended June 30th, to €254.4 million, more than 115 million more than in the same period of the previous year.

 

In addition, Birkenstock’s turnover rose by 16.4% to €1.571 billion in the three quarters of its fiscal year, as published in its earnings release. CEO Oliver Reichert hailed the results as “proof of the brand’s strong fundamentals.“ As for tariffs, he assured that the company is “well positioned” to deal with them.

 

In the third quarter, Birkenstock followed the same upward trend, with sales up 12% to €635 million. It also saw its profit grow by 73% (again, almost twice as much), to €129.2 million, compared to €74.6 million in the same period last year.

 

 

 

 

Birkenstock is posting these results months after announcing that it was going to review its pricing strategy. In fact, one of the reasons the CEO gives for the results is the “constant adjustment” of prices to “protect long-term profitability”.

 

“We will fully offset the effects of existing tariffs,“ said Ivica Krolo, the company’s CFO, in May. Birkenstock concentrates the bulk of its production in Germany, although, in fact, the American market is its main source of revenue. In the first nine months of the year, it posted a turnover of €835.5 million, 16% more than in 2024.

 

In second place is Europe, Africa and the Middle East, where the company has generated €574.2 million up to June, 13% more, and in third place, Asia-Pacific, a segment in which it has generated a turnover of €158.1 million, 32% more.