“Our third quarter results prove the strong foundation of our brand. Reported revenue growth was 12%. On a constant currency basis, we grew revenue by 16%, with double-digit growth in all regions. Underlying demand remains strong and we are on track to meet our target of constant currency growth at the high end of the 15-17% range we provided at the beginning of the year”, commented Oliver Reichert, CEO of Birkenstock and Member of the Board of Directors.

Third Quarter Results

In the third quarter of the 2025 financial year, Birkenstock reported a revenue of 635 million euros, representing an increase of 12% (or 16% on a constant currency basis), as compared to the same period of the last financial year. This increase “was supported by high single-digit unit growth and mid-single-digit growth in Average Selling Price (ASP)”.

During this quarter, B2B revenue rose by 15% year-on-year (or by 18% on a constant currency basis), driven by strong demand and sell-through at key partners. Meanwhile, DTC revenue rose by 9% (or by 12% on a constant currency basis) year-on-year. The company opened 13 new stores during the third quarter, bringing the total number of retail outlets to 90.

Geographically, Birkenstock’s revenue grew by 10% (or by 16% on a constant currency basis) in the Americas region, by 13% in the EMEA region, and by 21% (or by 24% on a constant currency basis) in the APAC region, on a comparable basis to the third quarter of the 2024 financial year.

In the three months to the 30^th of June, the company’s gross profit margin increased by 100 basis points to 60.5%, up from 59.5% in the same period last year. This was due to sales price adjustments and better absorption of manufacturing capacity, but was partly offset by unfavourable currency translation and channel mix.

Birkenstock reported an adjusted EBITDA of 218 million euros in the third quarter, reflecting growth of 17%, as compared to the same quarter in 2024. This represents a year-on-year increase in adjusted EBITDA margin of 140 basis points to 34.4%.

“We saw significant margin improvement in the quarter driven by sales price adjustments net of inflation and better absorption. This puts us on track to meet our Adjusted EBITDA margin target for the year despite the currency headwinds”, added Oliver Reichert.

Overall, the company’s net profit for the third quarter totalled 129 million euros, as compared to 75 million euros in the same year-ago period. Adjusted net profit totalled 116 million euros, as compared to 92 million euros in the same year-ago period.

In the third quarter of 2025, Birkenstock invested 22 million euros mainly to expand production, ending the period with 262 million euros in cash and a net leverage of 1.7x (or 1.4x excluding the share buyback).

Full Year Outlook

For the full year of 2025, the company expects revenue growth to reach the upper end of the 15% to 17% range on a constant currency basis, as well as an adjusted EBITDA margin of 31.3% to 31.8%. This is despite the significantly weaker US dollar.

“We believe we are well-positioned to manage the impact of the current 15% US/EU tariff agreement through a combination of pricing adjustment, cost discipline and inventory management to protect the long-term health and profitability of the Birkenstock brand”, concluded the CEO of the company.

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