Birkenstock Holding reported fiscal 2024 revenue growth of 21 per cent on a reported basis and 22 per cent on a constant currency basis to US $1.87 billion, ahead of the company’s guidance of 20 per cent. This growth was driven by the company’s continued strong and expanding consumer demand for its products across all segments, channels, and categories. The company’s fourth-quarter revenue of US$474.3 million showed a 22 per cent increase on a reported and constant currency basis.
Every segment had double-digit growth in Birkenstock’s revenue on a constant currency basis, with the Americas seeing a 19 per cent increase, Europe seeing a 21 per cent increase, and APMA seeing a 42 per cent increase. B2B sales increased by 23 per cent on a constant currency basis, while DTC revenue increased by 21 per cent.
The gross profit margin of 58.8 per cent fell by 330 basis points, despite the net profit of US$199.7 million rising by 155 per cent year over year.
Adjusted EBITDA of US $577.27 million was up 15 per cent, and the company’s adjusted EBITDA margin of 30.8 percent was higher than the expected range of 30 to 30.5 percent. With strong contributions from all channels, categories, and divisions, the company expects revenue growth of 15–17 per cent in constant currency in fiscal 2025.
In comparison to fiscal 2024, the adjusted EBITDA margin of 30.8 to 31.3 per cent is anticipated to rise by up to 50 basis points. The business added that when more new production facilities are used, the gross profit margin should rise and grow closer to the long-term goal of 60 per cent.
