Birkenstock 6-K: Financials Update for Q2 2024
Ticker: BIRK · Form: 6-K · Filed: May 30, 2024 · CIK: 1977102
| Field | Detail |
|---|---|
| Company | Birkenstock Holding PLC (BIRK) |
| Form Type | 6-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, debt, fair-value
TL;DR
Birkenstock 6-K shows Q2 financials, debt details, and fair value hierarchy for loans and notes.
AI Summary
Birkenstock Holding plc filed a 6-K report for the period ending March 31, 2024. The filing includes financial data related to its term loan and senior notes, with specific fair value hierarchy levels noted for September 30, 2023, and March 31, 2024. It also references general and administrative expenses and a management investment plan.
Why It Matters
This filing provides investors with updated financial details, including debt instruments and fair value measurements, crucial for assessing the company's financial health and risk profile.
Risk Assessment
Risk Level: low — This is a routine financial filing (6-K) providing standard disclosures, not indicating any immediate operational or financial distress.
Key Numbers
- 2024-03-31 — Reporting Date (End of the period covered by the financial data)
- 2023-09-30 — Prior Period Date (Date for comparative financial data)
Key Players & Entities
- Birkenstock Holding plc (company) — Filer of the report
- 0000950170-24-066237 (filing_id) — Accession number for the filing
- March 31, 2024 (date) — End of the reporting period
- September 30, 2023 (date) — Previous reporting period for financial data
- Ockenfels Group GmbH & Co KG (company) — Mentioned in relation to financial data
FAQ
What is the reporting period for this 6-K filing?
The Conformed Period of Report is March 31, 2024.
What types of financial instruments are specifically mentioned with fair value hierarchy details?
The filing mentions 'TermLoanMember', 'SeniorNoteMember', and 'VendorLoanMember' with fair value hierarchy levels.
What is the company's fiscal year end?
The company's fiscal year ends on September 30 (0930).
What is the SEC file number for Birkenstock Holding plc?
The SEC file number is 001-41836.
What is the business address listed for Birkenstock Holding plc?
The business address is 1 Berkeley Square, London, W1J 6EA.
Filing Stats: 4,346 words · 17 min read · ~14 pages · Grade level 16.7 · Accepted 2024-05-30 06:17:33
Filing Documents
- birk-20240331.htm (6-K) — 2584KB
- 0000950170-24-066237.txt ( ) — 9338KB
- birk-20240331.xsd (EX-101.SCH) — 1298KB
- birk-20240331_htm.xml (XML) — 1984KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION 1
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS 1 Unaudited Interim Condensed Consolidated Statements of Financial Position 2 Unaudited Interim Condensed Consolidated Statements of Comprehensive Income 3 Unaudited Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) 4 Unaudited Interim Condensed Consolidated Statements of Cash Flows 5 Notes to the Unaudited Interim Condensed Consolidated Financial Statements 6
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 17
- OTHER INFORMATION
PART II - OTHER INFORMATION 35
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 35
RISK FACTORS
ITEM 1A. RISK FACTORS 35
INCORPORATION BY REFERENCE
ITEM 2. INCORPORATION BY REFERENCE 35
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION I TEM 1. FINANCIAL STATEMENTS Birkenstock Holding plc Unaudited Interim Condensed Consolidated Financial Statements as of March 31, 2024 and for the three and six months ended March 31, 2024 and 2023 1 Unaudited Interim Condensed Consolidated Statements of Financial Position (In thousands of Euros) Notes March 31, 2024 September 30, 2023 Assets Non-current assets Goodwill 1,576,895 1,593,917 Intangible assets (other than goodwill) 1,676,609 1,705,736 Property, plant and equipment 6 303,871 286,053 Right-of-use assets 7 164,121 122,984 Other assets 50,621 38,234 Total non-current assets 3,772,117 3,746,924 Current assets Inventories 8 650,963 595,092 Right to return assets 1,395 1,132 Trade and other receivables 200,206 91,764 Current tax assets 9,734 10,361 Other current assets 37,650 37,789 Cash and cash equivalents 175,728 344,408 Total current assets 1,075,676 1,080,546 Total assets 4,847,793 4,827,470 Shareholders' equity and liabilities Shareholders' equity Ordinary shares 9 — 182,721 Share premium 9 2,524,149 1,894,384 Treasury shares 9 ( 343,645 ) — Other capital reserve 9 69,092 65,394 Retained earnings 9 290,473 225,976 Accumulated other comprehensive income 9 14,033 32,114 Total shareholders' equity 2,554,102 2,400,589 Non-current liabilities Loans and borrowings 11 1,298,763 1,815,695 Tax receivable agreement liability 12 345,302 — Lease liabilities 139,203 103,049 Provisions for employee benefits 2,923 2,716 Other provisions 2,088 2,074 Deferred tax liabilities 112,252 109,794 Deferred income 13 13,477 10,634 Other liabilities 4,927 4,338 Total non-current liabilities 1,918,935 2,048,300 Current liabilities Loans and borrowings 11 29,105 37,343 Lease liabilities 34,136 27,010