Birkenstock - comment

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

Martha Felix18 February 2025BIRKENSTOCK

Birkenstock Holding PLC - Walking into the future.

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