Global Blue Group Holding AG, together with its subsidiaries, provides technology-enabled transaction processing services for merchants, banks, acquirers, governments, and travelers worldwide. The company operates in two segments, Tax Free Shopping Technology Solutions (TFSS) and Added-Value Payment Solutions (AVPS). It offers TFSS, a value added tax (VAT) refund service that allows eligible shoppers to reclaim VAT on goods purchased outside of their home country. The company also provides AVPS, a service which enables customers to pay in their choice of preferred currency, home or destination, at the point of sale when shopping outside of their home country. In addition, it offers currency conversion services for point of sale, e-commerce dynamic currency conversion (DCC) services, and DCC services at ATMs, as well as multi-currency processing services for online retailers. Global Blue Group Holding AG was incorporated in 2019 and is headquartered in Wangen-Brüttisellen, Switzerland.
IPO Year: 2000
Exchange: NYSE
Website: globalblue.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | $6.00 | Outperform | Oppenheimer |
| 9/12/2023 | $8.00 | Buy | Deutsche Bank |
6-K - Global Blue Group Holding AG (0001799983) (Filer)
6-K - Global Blue Group Holding AG (0001799983) (Filer)
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6-K - Global Blue Group Holding AG (0001799983) (Filer)
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6-K - Global Blue Group Holding AG (0001799983) (Filer)
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6-K - Global Blue Group Holding AG (0001799983) (Filer)
F-3 - Global Blue Group Holding AG (0001799983) (Filer)
Oppenheimer initiated coverage of Global Blue with a rating of Outperform and set a new price target of $6.00
Deutsche Bank initiated coverage of Global Blue with a rating of Buy and set a new price target of $8.00
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Strong YoY growth in Group H1 Revenue of 20% to €250m with a 36% increase in Adjusted EBITDA(1) to €102m Strong improvement in H1 Adjusted EBITDA margin of 4.6pts to 40.7% and a 64% drop-through(2) Solid acceleration in LTM Adjusted EBITDA to €175m vs €164m in the previous quarter Financial guidance(3) for FY24/25 Adjusted EBITDA between €185m and €205m Share buy-back increased from $10m to $15m and extension of the program until November 2025 Global Blue Group Holding AG (NYSE:GB) today announces its financial results for the second quarter and six month period ended September 30, 2024. Global Blue's CEO, Jacques Stern, commented: "We are pleased to report a strong
Fresh data from Global Blue reveals that the worldwide growth in Tax Free Shopping is positive across Continental Europe and Asia Pacific: Issued Sales in Store like-for-like year-on-year performance reached +17%1 in October 2024. A sustained performance in Continental Europe for international shopping In Continental Europe, the issued Sales in Store growth rate increased by +12%1 in October 2024 vs. last year. This growth was led by a +14%1 increase in the number of shoppers and was slightly impacted by a softening of -2%1 in the average spend per shopper, as a result of an overall inflation slowdown. When examining origin markets, the positive momentum in issued Sales in Store growth
On November 22, 2024, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 6-K for the fiscal year 2024/25 second quarter and half year period ended September 30, 2024. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section
New data from Global Blue reveals that the worldwide growth in Tax Free Shopping is positive across Continental Europe and Asia Pacific: Issued Sales in Store like-for-like year-on-year performance reached +13%1 in September 2024. A sustained performance in Continental Europe for international shopping In Continental Europe, the issued Sales in Store growth rate increased by +11%1 in September 2024 vs. last year. This growth was led by a +14%1 increase in the number of shoppers. This performance was slightly impacted by a softening of -2%1 in the average spend per shopper, as a result of an overall inflation slowdown. When examining origin markets, the positive momentum in issued Sales
Fresh data from Global Blue reveals that the worldwide growth in Tax Free Shopping is strong across Continental Europe and Asia Pacific: Issued Sales in Store like-for-like year-on-year performance reached +17%1 in August 2024. A sustained performance in Continental Europe for international shopping In Continental Europe, the issued Sales in Store growth rate increased by +10%1 in August 2024 vs. last year. This growth was led by a +8%1 increase in the number of shoppers and a +2%1 increase in the average spend per shopper. Regarding origin markets, the positive momentum in issued Sales in Store growth is evident across most nationalities. Mainland Chinese Tax Free Spend led with +2
Strong YoY growth in Group Q1 Revenue of 25% to €118m, with a 55% increase in Q1 Adjusted EBITDA to €43m Improvement in Q1 Adjusted EBITDA margin of 7ppts to 36.5% and a 65% drop-through(1) Solid acceleration in Annualized Adjusted EBITDA(2) to €205m vs. €164m in the previous quarter July's Tax Free Shopping Sales-in-Store(3) YoY growth of 25% confirming the positive Q1 FY24/25 trends Financial guidance reaffirmed – FY24/25 Adjusted EBITDA of >€200m Announcing $10 million share repurchase program Global Blue Group Holding AG (NYSE:GB) today announces its financial results for the first quarter ended June 30, 2024. Global Blue's CEO, Jacques Stern, commented: "We
Global Blue Group Holding AG ("Global Blue") (NYSE:GB) will hold its Annual General Meeting of Shareholders ("AGM") on September 12, 2024, at 08:30 CEST at Mandarin Oriental Savoy Hotel - Poststrasse 12 - Zurich, Switzerland. The preparatory documents for the AGM are posted in the "Investor Relations" section of Global Blue's website: Global Blue Group Holding AG - Governance - Shareholder Meetings. A copy of the invitation to the AGM together with the Proxy Card are filed as Exhibits 99.1 and 99.2 respectively to the Company's Report on Form 6-K, dated August 19, 2024. ABOUT GLOBAL BLUE Global Blue is the business partner for the shopping journey, providing technology and services
Fresh data from Global Blue reveals that the worldwide year-on-year variation in Tax Free Shopping growth remains positive across Continental Europe and Asia Pacific. Globally, when analyzing the year-on-year variation in Tax Free Shopping growth, the issued Sales in Store like-for-like year-on-year performance reached +25%1 in July 2024 vs. +41%1 in Q2 (April – June 2024). A sustained performance in Continental Europe for international shopping In Continental Europe, the issued Sales in Store growth rate grew by +12%1 in July 2024 vs. last year. This growth was led by a +10%1 increase in the number of shoppers and a +2%1 average spend per shopper. The deceleration in July's gro
On August 28, 2024, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 6-K for the fiscal year 2024/25 first quarter ended June 30, 2024. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section of the company's website a
Fresh data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping accelerated across Continental Europe and Asia Pacific. Globally, issued Sales in Store like-for-like recovery reached 168%1 in June 2024 compared to the same period in 2019, vs. 163%1 in April/May 2024 and 140%1 in Q1 2024. An accelerating worldwide recovery, compared to 2019 levels Globally, June 2024 recovery is ahead of April/May 2024 recovery, reaching 168%1 vs. 163%1 in April/May and 140%1 in Q1. This is driven by a solid momentum across destinations. In Continental Europe, June 2024 recovery has slightly accelerated compared to April/May 2024, reaching 147%1 in June vs. 141%1 in Apr
On November 22, 2024, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 6-K for the fiscal year 2024/25 second quarter and half year period ended September 30, 2024. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section
On August 28, 2024, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 6-K for the fiscal year 2024/25 first quarter ended June 30, 2024. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section of the company's website a
On June 5, 2024, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results for the fiscal year ended March 31, 2024, in its Annual Report on Form 20-F. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section of the company's website at
On February 23, 2024, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 6-K for the third quarter and nine month period ended December 31, 2023. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section of the company's w
FY 2023/24 Financial Results On November 29, 2023, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 6-K for the second quarter and half year period ended September 30, 2023. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Rela
Market leadership and technology differentiation drives robust revenue growth, profit margins, and cash flow Adjusted EBITDA guidance for the fiscal year ending March 2024 (FY23/24) of €145-165m (85-115% YoY growth), building on strong proof points during the first months of FY23/24 on the back of travel recovery and technology initiatives. Adjusted EBITDA guidance for fiscal year ending March 2025 (FY24/25) of more than €200m, benefiting from a continued recovery in spend from Asian shoppers and further product investments. Global Blue expects a normalization in growth starting in FY25/26 and is targeting a long-term revenue growth of 8-12% and ‘Revenue-to-Adjusted EBITDA drop-t
Significant increase in both growth and profitability in Q1 FY23/24 – 68% YoY on Revenue and 300%+ YoY on Adjusted EBITDA – off the back of travel recovery and management actions & investments Acceleration of the annualized quarterly Adjusted EBITDA to €141m(1) Global Blue Group Holding AG (NYSE:GB) today announced its financial results for the first quarter ended June 30, 2023. Global Blue's CEO, Jacques Stern, commented: "We are pleased to report a strong start to our financial year, with 68% YoY growth in Revenue and 300%+ YoY growth in Adjusted EBITDA in Q1 FY23/24, such that annualizing the quarter implies Adjusted EBITDA of €141m(1). "We have positioned the business to outp
On August 28, 2023, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 6-K for the first fiscal quarter ended June 30, 2023. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section of the company's website at www.globalb
Significant improvement in Adjusted EBITDA to €78.0M in FY2022/23 vs (€9.9M) in FY2021/22, representing 46% of that of FY2019/20 Strong cash position with ~€240M of cash and cash equivalents as of March 31, 2023 ~€211M strategic equity investment from Certares & Knighthead in June 2022, enabling Global Blue to continue pursuing strategic add-on acquisitions and to fund working capital requirements associated with the significant recovery underway Further acceleration of the recovery in April/May 2023 Tax Free Shopping Issued Sales-in-Store like-for-like1 in Continental Europe (115% in April/May vs. 109% in Q4 FY2022/23) and in Asia Pacific (104% in April/May vs. 87% in Q4 FY202
On June 28, 2023, before the market opens, Global Blue Group Holding AG (NYSE:GB) will release its financial results on Form 20-F for the fiscal year ended March 31, 2023. The financial results will include Management's Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available. These materials can be accessed via the Investor Relations section of the company's website at www.globalblue.com.
Global Blue Gr Holding (NYSE:GB) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.06 by 71.67 percent. The company reported quarterly sales of $114.253 million which beat the analyst consensus estimate of $105.000 million by 8.81 percent. This is a 22.68 percent increase over sales of $93.133 million the same period last year.
Global Blue Group Holding AG (the "Company") (NYSE:GB) has continued to demonstrate a robust recovery, underpinned by the entrenched behaviour of travel and shopping, driving significant EBITDA and cash flow growth. Consequently, net leverage reduced from 4.5x in September 2023 to 3.6x in December 2023, with the downward trajectory continuing, as the Company continues to actively de-lever towards its public leverage target of less than 2.5x. In light of this ongoing recovery and deleveraging trajectory, the Company launched a repricing of its seven year €610 million senior secured term loan ("Term Loan") and €97.5 million senior secured revolving credit facility ("Revolving Facility").
U.S. stocks were mostly higher, with the Dow Jones index gaining over 100 points on Tuesday. Shares of UnitedHealth Group Incorporated (NYSE:UNH) rose sharply during Tuesday’s session following better-than-expected first-quarter earnings. The company reported adjusted EPS of $6.91, up from $6.26 a year ago, beating the consensus of $6.62. UnitedHealth’s revenues increased nearly $8 billion to $99.8 billion, beating the consensus of $99.3 billion, according to data from Benzinga Pro. UnitedHealth Group shares surged 6.2% to $473.20 on Tuesday. Here are some other big stocks recording losses in today’s session. Macatawa Bank Corporation (NASDAQ:MCBC) shares jumped 38.8% to $13.78 after
In conclusion, the Group reiterates the financial guidance and long-term targets issued on September 25, 2023, with FY23/24 Adjusted EBITDA of €145-165m.
Global Blue Gr Holding (NYSE:GB) reported quarterly earnings of $0.06 per share which met the analyst consensus estimate. The company reported quarterly sales of $117.76 million which missed the analyst consensus estimate of $119.60 million by 1.54 percent. This is a 33.10 percent increase over sales of $88.48 million the same period last year.
Companies Reporting Before The Bell • Fomento Economico (NYSE:FMX) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion. • Calumet Specialty Prods (NASDAQ:CLMT) is projected to report quarterly loss at $0.39 per share on revenue of $926.13 million. • Global Blue Gr Holding (NYSE:GB) is likely to report quarterly earnings at $0.06 per share on revenue of $119.60 million. • Hyatt Hotels (NYSE:H) is projected to report quarterly earnings at $0.39 per share on revenue of $1.60 billion. • Docebo (NASDAQ:DCBO) is estimated to report quarterly earnings at $0.08 per share on revenue of $48.40 million. • Hudbay Minerals (NYSE:HBM) is likely to report quarterly
Global Blue Gr Holding (NYSE:GB) is set to give its latest quarterly earnings report on Friday, 2024-02-23. Here's what investors need to know before the announcement. Analysts estimate that Global Blue Gr Holding will report an earnings per share (EPS) of $0.06. Global Blue Gr Holding bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Here's a look at Global Blue Gr Holding's past performance and the resulting price change: Qua