Birkenstock Boosts Yearly Outlook, Aiming for Over $2 Billion in Revenue
The German footwear specialist has projected its outlook after nearly doubling its net earnings in the first nine months of the current fiscal year, reaching €254.4 million.
Birkenstock continues to grow. The German company specializing in footwear products has announced its forecast to reach €2.09 billion in revenues in the current fiscal year and has reaffirmed the rise in its gross operating profit (ebitda), at between 31.3% and 31.8%, after almost doubling its net profit in the first nine months of the year.
The company expects fourth-quarter revenues to total €520 million, representing growth of 14% over the same period in 2024, and resulting in annual revenues of €2.09 billion, an increase of 15.9%, above the company’s initial forecasts for the fiscal year.
The group as a whole concentrates the bulk of its production in Germany, although, in fact, the American market is its main source of income. 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.
Birkenstock has acquired a production plant in Germany for €18 million
Birkenstock almost doubled its net result in the first nine months of the fiscal year ended June 30 to €254.4 million, an increase of 115 million more than in the same period of the previous year.
The group also saw its turnover increase by 16.4% to €1,571 million in the three quarters of its fiscal year, as published in August in its earnings sheet.
The company also announced the acquisition of a 840,000-square-feet production plant near the German city of Dresden for a total of €18 million as part of its expansion plan.