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Birkenstock Is Expanding Manufacturing Capacity by ~10% — Can New Sites in Portugal & Near Dresden Solve the Bottlenecks?

Birkenstock Holding plc reported its fiscal fourth quarter and full-year 2025 earnings, showcasing remarkable performance amidst various global challenges. The company noted a significant 18% revenue growth in constant currency terms, surpassing their initial guidance. This growth was driven by an 18% revenue increase in the Americas, a 14% rise in EMEA, and a robust 34% jump in the APAC region. Notably, the B2B channel experienced strong momentum, growing by 21%, while the D2C channel saw a 12% increase. The company’s gross margin improved slightly by 30 basis points to 59.1%, and the adjusted EBITDA margin also increased, reaching the high end of the target at 31.8%. Birkenstock’s strategic expansion included doubling its store count to 97, which bolstered its retail footprint.