Birkenstock - comment

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 strategy of Birkenstock and its commitment to keeping production in Germany. An additional 78k sqm of production capacity and 80k sqm of undeveloped land will be crucial to Birkenstock’s expansion plans. The facility will be converted and come online in 2027. The investment should be covered by tax incentive plans on local fixed asset investments. The announcement is timed to coincide with an investor visit to the Munich headquarters, and we have attached a link to the presentation.

https://www.birkenstock-holding.com/news-events#presentations