25 January 2024
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.
We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.
We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.
