sarria live model
sarria analysis
corporate filings

- for speed listening, go to the settings wheel on the bottom right of the video and choose playback speed - after one minute video becomes high-resolution.

 

Intro Capital and Legal Structure - 18 Feb 25

Business Description - 18 Feb 2025

Tariffs - 18 Feb 25

Model - 18 Feb 25

Investment Discussion - 18 Feb 25

 
SARRIA News -INTU
Aengus McMahon
Birkenstock - comment
Aengus McMahon

The headline is a modest increase in guidance, but we think the €18m acquisition of a facility in Dresden is more important. It underlines the growth

Aengus McMahon
Aengus McMahon
Birkenstock - comment
Aengus McMahon

The secondary offering raised $950m for LVMH, whilst reducing its shareholding from 72% to 62%. The $52.50 price per share is

Aengus McMahon
Birkenstock - comment
Aengus McMahon
Birkenstock - comment
Aengus McMahon

Q2 results were ahead of our expectations. Improved cost absorption at Birkenstock’s new plant and rising volumes pushed gross margin up by

Aengus McMahon
Aengus McMahon
Birkenstock - comment
Aengus McMahon

Opening retail stores to capture more of the margin on shoes is logical. Nevertheless, virtually all of Birkenstock’s production is in

Aengus McMahon
Wolfgang Felix
Sarria: Tariff Terror - what it means for every name
Wolfgang Felix

As tariffs continue to influence market dynamics, we've taken a comprehensive look across our coverage to highlight the names most likely to be affected. For full transparency, we've also included those that remain unaffected—it's just as important to understand where the impact isn't being felt. 

The idea here is

Wolfgang Felix
Aengus McMahon
Birkenstock - comment
Aengus McMahon

With a price point of nearly €60, Birkenstock is inevitably going to attract cheaper competition. Birkenstock is aggressively trying to prevent

Aengus McMahon
Birkenstock - comment
Aengus McMahon
Birkenstock - comment
Aengus McMahon

Q1 was a strong quarter, but management maintained guidance for FY2025 due to macroeconomic uncertainty (including tariffs). We expect little change in the

Aengus McMahon
Birkenstock - videos
Martha Felix
Birkenstock - videos
Martha Felix

Birkenstock videos are available on the website, here.

Martha Felix
Birkenstock Holding PLC - Walking into the future.
Aengus McMahon
Birkenstock Holding PLC - Walking into the future.
Aengus McMahon

Please find our new analysis here. 

Several clients have asked us about Birkenstock. With a YTW of 4.6%, this is not a name in our universe, and we do not expect it to come our way. The equity market values

Aengus McMahon