Tax Free

Global Blue Delivers a Strong Q3 FY23/24 Financial Performance, With Continued Double-digit Growth, Healthy Profitability, and Active de-Leveraging

Retrieved on: 
Friday, February 23, 2024

The recovery in Continental Europe reached 125% in January 2024 vs. 118% in Q3 FY23/24 (+7ppts).

Key Points: 
  • The recovery in Continental Europe reached 125% in January 2024 vs. 118% in Q3 FY23/24 (+7ppts).
  • US, GCC and regional European shoppers continued to drive the recovery in Continental Europe in January, with recovery at 290%, 273% and 209% respectively.
  • The willingness to travel of Chinese shoppers, based on Global Blue’s proprietary survey, remained strong, reaching 76% in January 2024.
  • In conclusion, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.

Global Blue Reports Q2 FY23/24 Financial Results, Delivering Growth and an Improved Capital Structure

Retrieved on: 
Wednesday, November 29, 2023

In summary, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.

Key Points: 
  • In summary, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.
  • In September 2023, the Group issued guidance and long-term targets as it continues to benefit from the strong growth drivers of the business; Global Blue Group Holding AG - Global Blue Introduces Financial Guidance and Long-term Targets .
  • On that basis, Global Blue is targeting Revenue growth of 7.0% to 11.0% for FY25/26 to FY27/28.
  • Global Blue is targeting pricing evolution and mix effects to result in a 3.0% differential between Sales in Store(3) and Revenue growth.

Global Blue Introduces Financial Guidance and Long-term Targets

Retrieved on: 
Monday, September 25, 2023

In addition, Global Blue is providing guidance through FY24/25 as the Company expects that its business will continue to recover from the effects of the pandemic through FY24/25, and it does not expect to provide multi-year guidance thereafter.

Key Points: 
  • In addition, Global Blue is providing guidance through FY24/25 as the Company expects that its business will continue to recover from the effects of the pandemic through FY24/25, and it does not expect to provide multi-year guidance thereafter.
  • In addition, Global Blue expects to see the continued benefit from its technology investments, in the form of greater digitalization and further commercial gains.
  • Overseas Luxury Market Premium: In line with historical track-record, Global Blue expects the Overseas Market growth to outpace that of the broader Luxury Market.
  • Global Blue is pleased to introduce guidance and long-term targets that reflect the ongoing international travel recovery, as well as technology-driven initiatives that are helping to drive growth, profitability, and cash flow generation.

Global Blue Reports Q1 FY23/24 Financial Results with Significant Increases in Both Growth and Profitability

Retrieved on: 
Monday, August 28, 2023

Based on an annualization of Q1 FY23/24 quarter’s results, Global Blue could achieve Adjusted EBITDA in excess of €200m(2) once Chinese Revenue recovery reaches 105% (vs. a 38% Revenue recovery in Q1 FY23/24).

Key Points: 
  • Based on an annualization of Q1 FY23/24 quarter’s results, Global Blue could achieve Adjusted EBITDA in excess of €200m(2) once Chinese Revenue recovery reaches 105% (vs. a 38% Revenue recovery in Q1 FY23/24).
  • Notwithstanding the current and future recovery, Global Blue will continue to benefit from four strong long-term growth drivers of the business.
  • In summary, Global Blue is pleased to report Q1 FY23/24 financial results with a significant increase in both growth and profitability in Q1 FY23/24, thanks to the proven and accelerating international travel recovery, coupled with continued progress around its strategic priorities.
  • These non-IFRS measures may not be indicative of Global Blue’s historical operating results nor are such measures meant to be predictive of Global Blue’s future results.

Global Blue Announces Date for Q2 and H1 2022/23 Financial Results

Retrieved on: 
Wednesday, November 2, 2022

Global Blue Group Holding AG (NYSE: GB and GB.WS) will release its financial results for the second quarter and half year period ended September 30, 2022, on December 1, 2022, before the market opens.

Key Points: 
  • Global Blue Group Holding AG (NYSE: GB and GB.WS) will release its financial results for the second quarter and half year period ended September 30, 2022, on December 1, 2022, before the market opens.
  • The earnings release will include Managements Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying unaudited condensed Consolidated Interim Financial Statements and the 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.
  • Global Blue offers innovative solutions in three different fields:
    Tax Free Shopping: Helping retailers at over 300,000 points of sale to efficiently manage 35 million Tax Free Shopping transactions a year, thanks to its fully integrated in-house technology platform.

Global Blue Announces the Acquisition of a Majority Stake in Shipup, a Leading Post-purchase Experience Solution

Retrieved on: 
Tuesday, October 4, 2022

Global Blue (NYSE:GB) announces the acquisition of a majority stake in Shipup, an innovative player in the RetailTech post-purchase market.

Key Points: 
  • Global Blue (NYSE:GB) announces the acquisition of a majority stake in Shipup, an innovative player in the RetailTech post-purchase market.
  • On the customers' side, they receive live delivery notifications, AI-powered delivery estimates, and access to tracking via the retailer's website.
  • Global Blues acquisition of Shipup is another key development in its mission to build an end-to-end ecosystem of post-purchase solutions for retail clients.
  • Global Blue Ventures - the entity created by Global Blue to focus on investing in and partnering with innovative companies that offer best-in-class RetailTech - advised on the deal.

Global Blue Announces Q1 FY22/23 Financial Results

Retrieved on: 
Friday, September 2, 2022

Global Blue Group Holding AG (NYSE: GB and GB.WS) (NYSE:GB) announced that, later today on September 2, 2022, before the market opens, it will issue its results for the first fiscal quarter ended June 30, 2022.

Key Points: 
  • Global Blue Group Holding AG (NYSE: GB and GB.WS) (NYSE:GB) announced that, later today on September 2, 2022, before the market opens, it will issue its results for the first fiscal quarter ended June 30, 2022.
  • The results will include Managements Discussion and Analysis of Financial Position and Results of Operations in addition to the accompanying unaudited condensed Consolidated Interim Financial Statements and the 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.
  • Global Blue offers innovative solutions in three different fields:
    Tax Free Shopping: Helping retailers at over 300,000 points of sale to efficiently manage 35 million Tax Free Shopping transactions a year, thanks to its fully integrated in-house technology platform.

Global Blue Group Holding AG: 2022 Annual General Meeting 1st September, 2022

Retrieved on: 
Thursday, August 11, 2022

Global Blue Group Holding AG (Global Blue) (NYSE:GB) will hold its Annual General Meeting of Shareholders (AGM) on September 1, 2022 at 11:00 CEST at Bahnhofstrasse 53, Zurich, Switzerland.

Key Points: 
  • Global Blue Group Holding AG (Global Blue) (NYSE:GB) will hold its Annual General Meeting of Shareholders (AGM) on September 1, 2022 at 11:00 CEST at Bahnhofstrasse 53, Zurich, Switzerland.
  • The preparatory documents for the AGM are posted in the Investor Relations section of Global Blues website: https://ir.globalblue.com/ .
  • A copy of the invitation to the AGM together with the Proxy Card are filed as Exhibits 99.1 and 99.2 to the Companys Report on Form 6-K, dated August 11, 2022.
  • Global Blue pioneered the concept of Tax Free Shopping 40 years ago.

Global Blue Announces Date for Q1 2022/23 Results

Retrieved on: 
Tuesday, August 9, 2022

Global Blue Group Holding AG (NYSE: GB and GB.WS) (NYSE:GB) today announced that it will release its financial results for the first fiscal quarter ended June 30, 2022, on September 2, 2022, before the market opens.

Key Points: 
  • Global Blue Group Holding AG (NYSE: GB and GB.WS) (NYSE:GB) today announced that it will release its financial results for the first fiscal quarter ended June 30, 2022, on September 2, 2022, before the market opens.
  • The earnings release will include Managements Discussion and Analysis of Financial Position and Results of Operations in addition to the accompanying unaudited condensed Consolidated Interim Financial Statements and the 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.
  • Global Blue offers innovative solutions in three different fields:
    Tax Free Shopping: Helping retailers at over 300,000 points of sale to efficiently manage 35 million Tax Free Shopping transactions a year, thanks to its fully integrated in-house technology platform.

Global Blue Completes $225 Million Strategic Growth Equity Investment From Certares and Knighthead

Retrieved on: 
Wednesday, June 15, 2022

Global Blue Group Holding AG (NYSE: GB and GB.WS), is pleased to announce it has completed the investment agreement with CK Opportunities Wolverine S.a.r.l (CK Opportunities), an investment fund co-managed by Certares Opportunities LLC (Certares), a global travel, tourism and hospitality investment firm, and Knighthead Opportunities Capital Management, LLC (Knighthead), a leading credit investment management firm.

Key Points: 
  • Global Blue Group Holding AG (NYSE: GB and GB.WS), is pleased to announce it has completed the investment agreement with CK Opportunities Wolverine S.a.r.l (CK Opportunities), an investment fund co-managed by Certares Opportunities LLC (Certares), a global travel, tourism and hospitality investment firm, and Knighthead Opportunities Capital Management, LLC (Knighthead), a leading credit investment management firm.
  • Under the terms of the agreement, dated May 5, 2022, CK Opportunities has agreed to invest $225 million, of which $180 million is for Series B preferred shares and $45 million is for common shares.
  • Global Blue pioneered the concept of Tax Free Shopping 40 years ago.
  • Through continuous innovation, we have become the leading strategic technology and payments partner, empowering retailers to improve their performance and shoppers to enhance their experience.