Revenue was reportedly driven by unit growth of 6% as well as an increase in the average selling price of 14%. In the fourth quarter alone, revenue was up by 16% on a reported basis and 22% on a constant currency basis year-on-year.

Regionally, the Americas had revenue growth of 21% in the full year (20% on a constant currency basis) and was the largest contributor to overall revenue growth in absolute terms.

Europe had growth of 18% while APMA was up by 24% (27% on a constant currency basis). Within the latter, China and India were reportedly key drivers for growth.

Net profit for the full fiscal year totalled €75 million, with an adjusted net profit of €207 million. Looking forward, Birkenstock expects revenue in the range of €1.74-1.76 billion for the 2024 financial year.

Group CEO Oliver Reichert said: “We are very pleased with our financial results and performance for fiscal year 2023. The past year has been the most successful year in our 250-year long tradition, and we entered our first year as a publicly listed company shortly thereafter. As a footbed company with a unique business model and a proven engineered distribution model, we offer a product with a purpose and that withstands short-term market or fashion trends, because it serves a primal human need – to walk as nature intended.

“For fiscal year 2024 we are confident to further grow our business by tapping significant addressable geographic, category extension and distribution white space, remaining strongly committed to delivering uncompromising premium quality to our customers and undeterred by the broader macroeconomic backdrop.”