Birkenstock Holding plc (BIRK) annual results, year to 30 September 2023: revenue EUR 1,492 million, from the 20-F
Birkenstock Holding plc files a 20-F with the SEC once a year, in euros. In the year to 30 September 2023 it reported revenue of EUR 1,492 million ($1.6 billion at the year's average rate), up 20.0% on the year before. Its profit attributable to shareholders was EUR 75.0 million, down 59.9%, and diluted earnings per share EUR 0.41.
The year to 30 September 2023, against the year before
| Year to | Sep 2022 | Sep 2023 |
|---|---|---|
| Revenue | 1,243 | 1,492 |
| Cost of sales | 493 | 566 |
| Gross profit | 750 | 926 |
| Operating profit | 363 | 261 |
| Finance costs | 113 | 107 |
| Profit before tax | 251 | 154 |
| Income tax | 63.4 | 78.6 |
| Profit for the year | 187 | 75.0 |
| Profit attributable to shareholders | 187 | 75.0 |
| Filing | 20-F | 20-F |
EUR million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
EUR per ordinary share, as filed.
Cash flow
| Year to | Sep 2022 | Sep 2023 |
|---|---|---|
| Cash from operations | 234 | 359 |
| Purchase of property, plant and equipment | 70.8 | 102 |
| Free cash flow | 163 | 257 |
| Filing | 20-F | 20-F |
EUR million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Sep 2022 | Sep 2023 |
|---|---|---|
| Total assets | 4,789 | 4,827 |
| Equity attributable to shareholders | 2,358 | 2,401 |
| Cash and cash equivalents | 307 | 344 |
| Borrowings, as filed | n/a | 1,841 |
| Lease liabilities | 116 | 130 |
| Trade and other receivables | 66.1 | 91.8 |
| Inventories | 536 | 595 |
| Goodwill | 1,674 | 1,594 |
| Filing | 20-F | 20-F |
EUR million, at each fiscal year end.
Ratios on the filed lines
| Year to | Sep 2022 | Sep 2023 |
|---|---|---|
| Gross margin | 60.3% | 62.1% |
| Operating margin | 29.2% | 17.5% |
| Net margin | 15.1% | 5.0% |
| Free cash flow margin | 13.1% | 17.2% |
| Return on year-end equity | 7.9% | 3.1% |
| Effective tax rate | 25.3% | 51.2% |
| Filing | 20-F | 20-F |
Arithmetic on the filed lines of the same year.
The exchange rates used
| Year to | Average over the year US dollars per EUR | At the year end US dollars per EUR |
|---|---|---|
| Sep 2022 | 1.0832 | 0.9783 |
| Sep 2023 | 1.0684 | 1.0584 |
| Sep 2024 | 1.0843 | 1.1145 |
| Sep 2025 | 1.1065 | 1.1735 |
Converted by us, not by the company: the Federal Reserve's daily noon buying rates in New York (H.10), FRED series DEXUSEU. Profit and loss, cash flow and EPS use the average of the daily rates over each fiscal year; the balance sheet uses the rate on the year end, or the last one before it. Ratios are the same in either currency. The filed figures are the ones in euros.
Every annual report here
- Year to 30 September 2025
- Year to 30 September 2024
- Year to 30 September 2023, this page
- Year to 30 September 2022
Source
20-F for the year to 30 September 2023, filed 18 December 2025, accession 0001193125-25-323599: the filing on EDGAR. All of Birkenstock Holding plc's filings: EDGAR company page. The figures are in euros as filed.
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