Birkenstock warns on profits despite ‘most successful’ year to date
German footwear retailer Birkenstock has warned that 2024 EBITDA margins are expected to see a “modest headwind” due to increased costs, despite posting booming sales and profits in its “most successful” year to date.
Birkenstock posted an 11% rise in adjusted EBITDA for the full year to September 30, 2023, reaching a total of €483m (£414.5m).
The footwear retailer also reported revenue of €1.49bn (£1.28bn), up 20% on both a reported and constant currency basis for the period.
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