Birkenstock Holding plc

Birkenstock Holding plc's indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG, has closed an offering of €900,000,000 in 4.500% Senior Notes due 2033. The gross proceeds will primarily be used to redeem €428.5 million of existing 5.25% Senior Notes due 2029. Additionally, funds may be used to finance potential share repurchases, refinance other existing indebtedness, and for general corporate purposes.

Birkenstock Holding plc announced that its indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG, successfully priced an offering of €900,000,000 in 4.500% Senior Notes due 2033. In connection with this offering, the company updated various disclosures in its Annual Report, including risk factors related to its DTC growth strategy, international trade policies, acquisitions, economic conditions, and supply chain disruptions. The company expects tariffs and foreign currency fluctuations to impact its margins by approximately 100 basis points each in fiscal 2026.

Birkenstock Holding plc announced the successful pricing of €900 million in 4.500% Senior Notes due 2033 by its indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG. The gross proceeds will primarily be used to redeem €428.5 million of outstanding 5.25% Senior Notes due 2029 at par, including accrued interest. Remaining proceeds may finance potential share repurchases announced on June 15, 2026, or refinance other existing indebtedness and for general corporate purposes. Settlement of the new notes is expected on June 19, 2026, with the redemption conditional upon this closing.

Birkenstock Holding plc announced an offering of €900 million in senior notes due 2033 by its indirect wholly-owned subsidiary. The proceeds will primarily be used to redeem €428.5 million of existing 5.25% Senior Notes due 2029 and to finance potential repurchases of up to $500 million (€431 million equivalent) of the Company's ordinary shares. Additionally, the company expects to amend its term and revolving facilities agreement, which will release existing liens and security interests. As of June 1, 2026, cash and cash equivalents were approximately €176 million.

Birkenstock Holding plc announced a $250 million accelerated share repurchase (ASR) agreement with Goldman Sachs International. The company will make a $250 million payment and expects an initial delivery of approximately 6.0 million ordinary shares, representing about 80% of the total, based on the May 20 closing price of $33.21. The ASR is expected to be completed before June 30, 2026, and will be funded by cash on hand and a revolving credit facility. CEO Oliver Reichert stated the buyback reflects a disconnect between the share price and strong fundamentals, reiterating confidence in 13-15% annual revenue growth.

Birkenstock Holding plc reported its unaudited interim condensed consolidated financial results for the six months ended March 31, 2026. The company achieved a 9.0% increase in revenue to €1.02 billion and a 5.7% rise in net profit to €132.4 million compared to the prior year. Basic earnings per share also grew by 7.5% to €0.72. Additionally, the company completed the acquisition of Birkenstock Australia Pty. Ltd. in October 2025, contributing to regional growth and resulting in a gain from bargain purchase of €12.29 million.

Birkenstock Holding plc reported fiscal second quarter 2026 results with revenue increasing 8% to EUR 618 million, or 14% in constant currency, meeting guidance despite global challenges. However, net profit declined 22% to EUR 82 million, and adjusted EBITDA fell 1% to EUR 198 million, impacted by unfavorable currency translation, US tariffs, and Middle East conflicts. The company confirmed its full-year 2026 guidance, citing strong consumer demand and resilience.

Birkenstock Holding plc's Memorandum and Articles of Association were amended by special resolution on April 29, 2026. The document outlines the company's structure, share capital, member liabilities, and governance procedures according to the Companies (Jersey) Law 1991. It includes details on share rights, dividends, voting, and director responsibilities.