Latest news with #GlobalBlueGroupHoldingAG
Associated Press
09-04-2025
- Business
- Associated Press
Global Blue Group Holding AG 2025 Extraordinary General Meeting May 6, 2025
SIGNY, Switzerland--(BUSINESS WIRE)--Apr 9, 2025-- Global Blue Group Holding AG ('Global Blue') will hold an Extraordinary General Meeting of Shareholders ('EGM') on May 6, 2025, at 11:00 CEST at Niederer Kraft Frey, Bahnhofstrasse 53, 8001 Zürich, Switzerland. The preparatory documents for the EGM 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 EGM 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 April 9, 2025. ABOUT GLOBAL BLUE Global Blue is the business partner for the shopping journey, providing technology and services to enhance the experience and drive performance. With over 40 years of expertise, today we connect thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 53 countries, in three industries: Tax Free Shopping, Payments and Post-Purchase solutions. With over 2,000 employees, Global Blue generated €28bn Sales in Store and €422M revenue in FY 2023/24. Global Blue is listed on the New York Stock Exchange. Virginie Alem – CMO & COO Japan SOURCE: Global Blue Group Holding AG Copyright Business Wire 2025. PUB: 04/09/2025 06:12 AM/DISC: 04/09/2025 06:13 AM
Yahoo
27-02-2025
- Business
- Yahoo
Global Blue Group Holding AG (GB) Q3 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
Release Date: February 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Global Blue Group Holding AG (NYSE:GB) reported a strong quarter with a 20% year-on-year increase in revenue, reaching EUR 131 million. The company achieved a significant 31% year-on-year increase in adjusted EBITDA, improving the margin by 3.4 points to 39.7%. Tax-free shopping solutions, which account for 74% of group revenue, saw a 22% revenue growth to EUR 98 million. Payments division generated a 13% year-on-year revenue increase, driven by a higher proportion of international card transactions. The company successfully reduced its net leverage ratio to 2.6 times from 3.6 times last year, showing improved financial stability. The acquisition by Shift4 will result in Global Blue Group Holding AG (NYSE:GB) no longer being listed on the New York Stock Exchange. The FX solutions segment was negatively impacted by the loss of a significant client in Japan, affecting revenue growth. The acquiring business, despite growth, has a lower contribution margin, impacting overall contribution growth. Net finance costs increased by EUR 7 million due to higher interest rates on senior debt. Depreciation and amortization expenses rose by EUR 9 million, primarily due to increased software development costs and changes in lease accounting. Warning! GuruFocus has detected 3 Warning Sign with GB. Q: Can you provide more details on the acquisition by Shift4 and its implications for Global Blue? A: Jacques Stern, CEO: The acquisition by Shift4 involves a purchase price of $7.5 per common share, with preferred shares priced at $10 and $11.81 for Series A and B, respectively. This values Global Blue at an enterprise value of $2.5 billion, approximately 13 times EBITDA. Post-closing, Global Blue will no longer be listed on the NYSE. The transaction is expected to close in Q3 2025, pending regulatory approval and a minimum tender of 90% of shares. This acquisition is seen as complementary, combining Shift4's US-based payment technology with Global Blue's European and APAC presence in tax-free shopping and payments. Q: How did Global Blue perform financially in Q3 and the nine-month period ending December 2024? A: Roxane Dufour, CFO: Global Blue reported a strong Q3 with a 20% year-on-year revenue increase to EUR131 million, driven by a solid performance across all divisions. Adjusted EBITDA rose by 31% to EUR52 million, with a margin improvement of 3.4 points to 39.7%. For the nine-month period, revenue increased by 20% to EUR381 million, and adjusted EBITDA grew by 34% to EUR154 million, with a margin above 40%. Q: What were the key drivers behind the revenue growth in tax-free shopping solutions and payments? A: Roxane Dufour, CFO: Tax-free shopping solutions, accounting for 74% of group revenue, saw a 22% revenue growth to EUR98 million, driven by a 21% increase in completed sales in stores. Payments, contributing 19% of revenue, grew by 13% to EUR25 million, primarily due to a higher proportion of international card transactions, which have higher margins than domestic transactions. Q: Can you elaborate on the impact of losing a significant client in Japan on FX solutions? A: Roxane Dufour, CFO: The loss of a major client in Japan negatively impacted FX solutions' revenue growth, which would have been 8% instead of the reported 1.8% without this loss. Despite this, the payments division still achieved a 13% revenue increase due to other factors. Q: What is the outlook for Global Blue's financial performance for the full year '24-'25? A: Jacques Stern, CEO: We reiterate our full-year guidance for adjusted EBITDA between EUR185 million and EUR205 million, expecting to achieve towards the top half of this range based on recent performance improvements. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
