==Birkenstock (BIRK) filed on Tuesday with the SEC for an IPO

 

Birkenstock's F-1 : " In fiscal 2022, we generated revenues of 1,242.8 million, gross profit margin of 60%, Adjusted gross profit margin of 62%, net profit of 187.1 million, Adjusted EBITDA of 434.6 million and Adjusted EBITDA margin of 35%, while selling approximately 30 million units... In the current era, we have built on our legacy while continuing to revolutionize processes and strategies to unleash our global potential, growing revenues at a 20% CAGR from fiscal 2014 to fiscal 2022."

• Key financials:
  • Revenues increasing from 727.9 million in fiscal 2020 to 1,242.8 million in fiscal 2022, a 31% two-year CAGR;
  • Number of units sold increasing at a 12% CAGR between fiscal 2020 and fiscal 2022;
  • ASP increasing at a 16% CAGR between fiscal 2020 and fiscal 2022;
  • DTC penetration increasing from 30% of revenues in fiscal 2020 to 38% of revenues in fiscal 2022;
  • Gross profit margin expanding from 55% in fiscal 2020 to 60% in fiscal 2022;
  • Adjusted EBITDA growing at a 49% two-year CAGR from 194.8 million in fiscal 2020 to 434.6 million in fiscal 2022, with Adjusted EBITDA margin expanding 8 percentage points from 27% in fiscal 2020 to 35% in fiscal 2022.