25 January 2024

Birkenstock revenues climb 20% in 2023

Birkenstock has reported its financial results for the full 2023 fiscal year, when revenue was up by 20% year-on-year to €1.49 billion, reports ILM.

Revenue was reportedly driven by unit growth of 6% as well as an increase in the average selling price of 14%. In the fourth quarter alone, revenue was up by 16% on a reported basis and 22% on a constant currency basis year-on-year.

Regionally, the Americas had revenue growth of 21% in the full year (20% on a constant currency basis) and was the largest contributor to overall revenue growth in absolute terms.

Europe had growth of 18% while APMA was up by 24% (27% on a constant currency basis). Within the latter, China and India were reportedly key drivers for growth.

Net profit for the full fiscal year totalled €75 million, with an adjusted net profit of €207 million. Looking forward, Birkenstock expects revenue in the range of €1.74-1.76 billion for the 2024 financial year.

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