Latest news with #GlobalBlue
Yahoo
20-05-2025
- Business
- Yahoo
Shift4 partners with UATP on travel payments
Integrated payments company Shift4 has teamed up with UATP to integrate the latter's patented technology into its payment infrastructure, with a focus on the global travel market. UATP operates a global network that facilitates payment types for businesses, including issuers, merchants, and corporate account holders. The integration is expected to provide enhanced tools and help merchants in travel industry with payment systems. UATP's capabilities include connecting companies to alternative forms of payment (AFPs) and offering data tools, DataStream and DataMine, which deliver account details to issuers and corporate account holders. UATP Merchant Solutions vice president Teresa Rivera said: 'We are thrilled to help enhance Shift4's acquiring solutions for the travel industry. UATP's technology has been developed to solve complex challenges in new and different ways, and we believe that Shift4 will be able to deliver exceptional value to its customers.' Shift4 global travel VP Jeremy Dyball stated: 'Our agreement with UATP will allow us to expand our capabilities in the travel industry while delivering a world-class solution to merchants. With UATP's innovative and state of the art technology, we're excited to increase the performance, reliability, and adaptability of our services to ensure we meet the evolving needs of our customers.' Earlier in February, Shift4 revealed plans to acquire Global Blue, a Swiss payments and technology firm, for $7.50 per common share in cash. The acquisition is expected to merge Global Blue's merchant solutions with Shift4's global payments platform. "Shift4 partners with UATP on travel payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Shift4 Payments, Inc. (FOUR): A Bull Case Theory
We came across a bullish thesis on Shift4 Payments, Inc. (FOUR) on Substack by Next 100 Baggers. In this article, we will summarize the bulls' thesis on FOUR. Shift4 Payments, Inc. (FOUR)'s share was trading at $83.26 as of May 7th. FOUR's trailing and forward P/E were 28.51 and 14.51 respectively according to Yahoo Finance. A businesswoman using a digital tablet, making a payment using the company's payment processing technology. Shift4 (FOUR) is quietly emerging as a fintech powerhouse, demonstrating exceptional operational execution despite headline distractions. The company just posted a strong first quarter, with payment volumes surging 35% year-over-year to $45 billion and revenue excluding network fees rising 40% to $369 million. EBITDA came in at $169 million, up 38%, with impressive 46% margins. Free cash flow was solid at $70.5 million, reflecting a healthy 42% conversion. The stock reacted positively, jumping 12% after earnings—a notable rebound following a period of underperformance driven by macro concerns such as tariffs, recession fears, and uncertainty surrounding founder Jared Isaacman's transition out of the CEO role. Isaacman, while stepping down as CEO to potentially take on a NASA mission, is far from exiting the company. He will remain Chairman and retain a 25% stake in the company's Class A shares. More significantly, he is converting his super-voting Class B and C shares into Class A, thereby relinquishing control and aligning his voting power with other shareholders. This move enhances corporate governance and eliminates a longstanding overhang for institutional investors. Taylor Lauber, who was already overseeing operations, will step in as CEO, ensuring strategic continuity. The core execution team remains intact, and the operating strategy continues unabated. Shift4's business model is clearly gaining momentum. The company acquires vertical software companies with established merchant bases and integrates them with its own payment solutions, driving synergies through bundling and cross-selling. This strategy is delivering tangible results. Revel now has over 7,000 locations live on Shift4's payments stack. Givex's loyalty and gift card technology is now embedded into SkyTab, Shift4's POS solution, and has already produced about 100 cross-sells. Eigen gateway customers are also transitioning to full-stack Shift4 payments. These efforts have already delivered $20 million in EBITDA synergies in Q1 alone, illustrating the power of its tightly integrated M&A flywheel. Internationally, Shift4's global expansion is rapidly scaling. Just two years ago, it operated on a single continent. Now it's active across six. In Europe, more than 1,000 restaurants are going live every month. In Latin America, the company is onboarding new enterprise customers, supported by acquisitions like Vectron and Givex that bring local distribution and software capabilities. The recently announced Global Blue deal adds a significant growth lever, unlocking access to over $500 billion in luxury retail flow and positioning Shift4 to benefit from tax-free shopping and dynamic currency conversion. That transaction alone is expected to generate $80 million in revenue synergies by 2027. Importantly, strategic partners like Ant Financial and Tencent will remain on the cap table following the deal's expected close in Q3, signaling continued global alignment. On the capital allocation front, Shift4 remains disciplined. The company repurchased $63 million in stock in Q1, demonstrating confidence in its valuation. Debt related to acquisitions is manageable, covered by a combination of growing EBITDA and free cash flow, and the company maintains a robust cash position of $1.1 billion. This financial flexibility supports continued M&A and shareholder returns without overextending the balance sheet. Compared to peers, Shift4 remains underappreciated. Toast has turned profitable but operates on razor-thin margins. Adyen offers premium infrastructure but trades at a full valuation. Shift4 sits comfortably in between—profitable, scaling quickly, and still mispriced by the market. The company has raised its full-year guidance, now projecting $1.66–1.73 billion in revenue excluding network fees and $840–865 million in adjusted EBITDA, while maintaining a volume outlook of $200–220 billion. With operating leverage becoming more visible, a clean leadership transition, successful global expansion, and M&A synergies translating into real margin growth, Shift4 presents a compelling opportunity. Its fundamentals are outpacing sentiment, offering investors an attractive entry point before the market fully prices in its growth trajectory. Shift4 Payments, Inc. (FOUR) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held FOUR at the end of the fourth quarter which was 27 in the previous quarter. While we acknowledge the risk and potential of FOUR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FOUR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
05-05-2025
- Business
- Business Wire
Global Blue Group Holding AG Announces Preliminary Financial Year 2024/2025 Results
SIGNY, Switzerland--(BUSINESS WIRE)--Global Blue Group Holding AG ('the Company' or 'Global Blue') (NYSE: GB and announces today preliminary, unaudited financial results for the financial year ended March 31, 2025 ('FY24/25'). For FY24/25, Global Blue expects to report: We have not yet completed our closing procedures for the financial year ended March 31, 2025. This press release presents certain estimated preliminary, unaudited financial results and selected other data for the twelve-month period ended March 31, 2025. These ranges are based on the information available to us at this time. We have provided ranges, rather than specific amounts, because these results are preliminary. The financial information for the financial year ended March 31, 2025 included in this press release is subject to revision based upon our financial closing procedures and the completion of our financial statements. In particular, the ranges were determined based on our estimates of the potential aggregate adjustments that may be made as part of our financial closing procedures. These ranges reflect Global Blue's management's best estimate of the impact of events during the financial year. Prior to the finalization of our financial closing procedures, we are currently unable to determine the nature of the revisions or adjustments to be made to any of the financial information presented here and, if such revisions or adjustments are made, the precise extent of those revisions or adjustments. As such, our actual results may vary from the estimated preliminary, unaudited results presented here and will not be finalized until we complete of our annual closing accounting procedures including the execution of our internal control over financial reporting. These estimates should not be viewed as a substitute for our annual financial statements prepared in accordance with IFRS Accounting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). Accordingly, you should not place undue reliance on these preliminary, unaudited financial results and selected other data. These estimated preliminary, unaudited results and selected other data should be read in conjunction with sections Item 3.A - Risk Factors and Item 5.A - Operating Results and our historical consolidated financial statements, including the notes thereto. The following table reconciles Adjusted EBITDA to Profit/(loss) for the financial years ended, March 31, 2025, March 31, 2024, and March 31, 2023: The preliminary financial data included in this press release has been prepared by, and is the responsibility of, Global Blue's management. PricewaterhouseCoopers SA has not audited, reviewed, examined, compiled, nor applied agreed-upon procedures with respect to the preliminary financial data. PricewaterhouseCoopers SA does not express an opinion or any other form of assurance with respect thereto. It is possible that we or our independent registered public accounting firm may identify adjustments to be made to the financial information set forth above as we complete the preparation of our financial statements as of and for the year ended March 31, 2025, and any resulting changes could be material. These preliminary estimates are not necessarily indicative of any future period. 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 more than 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. For more information, please visit Source: Global Blue NON-IFRS FINANCIAL MEASURES This press release contains certain Non-IFRS Financial Measures. 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. Not all companies calculate non-IFRS measures in the same manner or on a consistent basis. As a result, these measures and ratios may not be comparable to measures used by other companies under the same or similar names. Accordingly, undue reliance should not be placed on the non-IFRS measures presented in this press release. FORWARD-LOOKING STATEMENTS This press release contains certain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Global Blue or its management's expectations, hopes, beliefs, intentions, or strategies regarding the future. The words 'anticipate,' 'believe', 'continue', 'could', 'estimate', 'expect', 'intends', 'may', 'might', 'plan', 'possible', 'potential', 'predict', 'project', 'should', 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Global Blue's current expectations and beliefs concerning future developments and their potential effects on Global Blue. There can be no assurance that the future developments affecting Global Blue will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Global Blue's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These include commercial expectations and other external factors, including the potential closing of the proposed acquisition of Global Blue and considerations related to such transaction, political, legal, fiscal, market and economic conditions and factors affecting travel and traveller shopping, including the global COVID-19 pandemic and applicable legislation, regulations and rules (including, but not limited to, accounting policies and accounting treatments), movements in foreign exchange rates, inflation and other factors described under 'Risk Factors' in Global Blue's Annual Report on Form 20-F for the fiscal year ended March 31, 2024 filed with the Securities and Exchange Commission (the 'SEC'), and in other reports we file from time to time with the SEC, all of which are difficult to predict and are beyond Global Blue's control. Except as required by law, Global Blue is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. 1 Percentages are calculated based on the average of the high and low estimates for FY24/25. 2 The FY22/23 and FY23/24 figures are derived from the audited financial statements as of and for the year ended March 31, 2024 respectively.
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
31-03-2025
- Business
- Yahoo
Shift4 Payments, Inc. (FOUR): A Bull Case Theory
We came across a bullish thesis on Shift4 Payments, Inc. (FOUR) on Substack by PatchTogether Investing. In this article, we will summarize the bulls' thesis on FOUR. Shift4 Payments, Inc. (FOUR)'s share was trading at $84.58 as of March 28th. FOUR's trailing and forward P/E were 27.91 and 17.76 respectively according to Yahoo Finance. A businessman at a smart POS terminal, demonstrating contactless payment methods. Shift4's stock has declined by 20% following its announcement of a $2.5 billion acquisition of Global Blue, a leader in tax-free shopping and currency exchange payment solutions. The deal, funded through a mix of cash and revolving credit, has raised concerns over its financial impact and long-term value. However, a closer look at the numbers suggests it could be a transformative move for Shift4. On an EBITDA basis, the acquisition appears reasonable, with Global Blue contributing approximately $190 million in EBITDA, implying a 13× acquisition multiple. Expected synergies of $70 million by 2027 could push EBITDA to $260 million, reducing the multiple to around 9.5–10× EV/EBITDA. While free cash flow metrics indicate a less attractive 20× multiple, the acquisition aligns with Shift4's strategy of entering new markets, enhancing capabilities, and driving cross-sell opportunities within acquired networks. Global Blue provides Shift4 with a significant new revenue stream. The company generated approximately €422 million ($450 million) in revenue for FY2023/24, and once the deal closes in Q3 2025, Shift4's topline will benefit immediately. More importantly, Shift4 can cross-sell its payment processing services to Global Blue's 400,000+ merchant locations, unlocking a major growth avenue. Global Blue currently relies on acquiring partnerships for payment processing, handling roughly €28.3 billion ($30 billion) in transactions annually. If Shift4 captures even a portion of that volume at its 0.8% standard take rate, it could generate up to $240 million in new revenue. Additional high-margin opportunities exist in cross-border payments and currency conversion services such as Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP). Shift4's existing network of hotels and resorts can integrate Global Blue's DCC services, allowing international guests to convert their payments into their home currency at checkout. If just 3% of estimated 2025 transactions ($200 billion) utilize DCC with a 2% FX spread, Shift4 could generate over $100 million in additional revenue. The acquisition also strengthens Shift4's positioning in the restaurant and entertainment sectors. Its extensive network of restaurants, casinos, and stadiums can implement multi-currency options, improving customer experience while capturing additional revenue. Luxury retail presents another opportunity—Global Blue's partnerships with brands like Prada and Louis Vuitton position Shift4 to provide unified commerce solutions that bundle payment processing, eCommerce, and tax refunds, differentiating it from competitors such as Adyen and Stripe. Additionally, the acquisition expands Shift4's geographic footprint, particularly in Europe and Asia, where it previously had limited exposure. With nine new countries expected to adopt tax-free shopping, the transaction volume potential increases further. However, the deal also introduces financial risks. A $1.8 billion bridge loan will finance part of the acquisition, increasing Shift4's leverage and putting pressure on cash flows. Higher interest rates in a downturn could drive up expenses significantly, and if expected synergies fail to materialize, financial strain could follow. To mitigate this risk, Shift4 must prioritize refinancing the bridge loan with long-term debt as soon as possible. Despite these risks, Shift4's cash flow outlook remains strong. Over the past year, the company generated $500.3 million in cash from operations, with an adjusted free cash flow of $380.8 million. Management has guided for 25% annual growth over the next three years, which could drive cash flow to $744 million by 2027. With Global Blue's integration, EBITDA and gross revenue could exceed a 30% compound annual growth rate. By 2027, Shift4's total debt load, including Global Blue's term loan, will likely reach $3.52 billion, with estimated interest costs of $237 million annually. Subtracting this from projected cash flow leaves an estimated owner's cash flow of $507 million. At current trading levels, Shift4 is valued at approximately 15× its projected 2027 earnings, with upside potential if growth targets are met. In the best-case scenario, Shift4 successfully integrates Global Blue, captures a meaningful share of payment volume, and realizes its synergy targets, driving stock re-rating. Shift4 Payments, Inc. (FOUR) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 38 hedge fund portfolios held FOUR at the end of the fourth quarter which was 27 in the previous quarter. While we acknowledge the risk and potential of FOUR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FOUR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
