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Dec 31, 2024
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Birkenstock Q1 2025 Earnings Report
Birkenstock reported strong revenue growth and profitability for Q1 2025, exceeding expectations with a 19% revenue increase.
Key Takeaways
Birkenstock delivered a solid Q1 FY25, with revenue reaching EUR 361.72 million, up 19% year-over-year. Net profit improved significantly to EUR 20.12 million from a EUR 7.15 million loss last year. Adjusted EPS doubled to EUR 0.18, while operating income rose to EUR 64.03 million. The company maintained strong growth across all segments and geographies, with APAC leading at 47% revenue growth.
Revenue increased by 19% year-over-year, reaching EUR 361.72 million.
Net profit improved to EUR 20.12 million from a EUR 7.15 million loss last year.
Adjusted EPS doubled to EUR 0.18 from EUR 0.09 a year ago.
Strong revenue growth across all segments: APAC (+47%), EMEA (+17%), and Americas (+16%).
Birkenstock
Birkenstock
Birkenstock Revenue by Segment
Birkenstock Revenue by Geographic Location
Revenue by Segment
B2B Revenue
CapyFin.comDTC Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com Forward Guidance
Birkenstock reaffirmed its FY25 guidance, expecting 15-17% revenue growth and an adjusted EBITDA margin of 30.8-31.3%. The company continues to invest in production capacity and store expansions, particularly in APAC.
Positive Outlook
- Revenue expected to grow 15-17% in constant currency.
- Adjusted EBITDA margin forecasted at 30.8-31.3%.
- Gross margin improvement moving closer to 60%.
- Continued investment in production capacity to meet growing demand.
- Strong consumer demand, especially for closed-toe products.
Challenges Ahead
- Gross margin impacted by a higher B2B revenue share.
- Seasonal fluctuations in working capital affecting cash flows.
- Foreign exchange fluctuations could impact financial performance.
- Competitive pressure in key markets may impact pricing strategy.
- Potential macroeconomic headwinds affecting consumer spending.
Revenue & Expenses
Visualization of income flow from segment revenue to net income