The Platinum International Brands Fund has reiterated its confidence in Birkenstock (BIRK) as a resilient player in the global footwear sector, citing strong brand equity and consistent revenue performance. The fund's analysis underscores the company’s long-term growth trajectory despite macroeconomic headwinds.
- Birkenstock reported €1.12 billion in revenue for fiscal year 2024
- 7.3% year-over-year revenue growth in 2024
- 12.1% increase in e-commerce sales, now 38% of total revenue
- Platinum International Brands Fund maintains a positive stance on BIRK
- Growth observed in North America and Europe markets
- Digital transformation cited as a key driver of performance
Platinum International Brands Fund has issued a positive outlook on Birkenstock (BIRK), emphasizing the company’s ability to maintain profitability and market share across key geographies. The fund points to Birkenstock’s reported revenue of €1.12 billion in the fiscal year 2024, representing a 7.3% year-over-year increase, driven by sustained demand in North America and Europe. This growth was supported by a 12.1% rise in e-commerce sales, which now account for 38% of total revenue, reflecting the company’s successful digital transformation.