Global Blue Reports 9M FY24/25 Financial Results With Double-digit Growth
Global Blue (NYSE:GB) reports strong financial results for 9M FY24/25, with 20% YoY revenue growth to €381m and 34% increase in Adjusted EBITDA to €154m. The company achieved a solid improvement in Adjusted EBITDA margin of 4.2pts to 40.4%.
Key highlights include:
- Q3 FY24/25 revenue reached €131.4m, up 20% YoY
- Net leverage ratio improved to 2.6x from 3.6x year-over-year
- Successfully reduced Term Loan interest rate margin by 50 basis points to 3.25% p.a.
- Company reiterates FY24/25 Adjusted EBITDA guidance of €185-205m, expecting to achieve towards the top half
A significant strategic milestone was announced on February 18, 2025, with Shift4's acquisition of Global Blue at $7.50 per common share, representing a 15% premium. The transaction values Global Blue at ~$2.5 billion enterprise value and is expected to close by Q3 2025.
Global Blue (NYSE:GB) riporta risultati finanziari solidi per i 9 mesi dell'anno fiscale 24/25, con una crescita dei ricavi del 20% su base annua fino a €381 milioni e un aumento del 34% dell'EBITDA rettificato fino a €154 milioni. L'azienda ha ottenuto un miglioramento significativo nel margine EBITDA rettificato di 4,2 punti a 40,4%.
I punti salienti includono:
- I ricavi del terzo trimestre dell'anno fiscale 24/25 hanno raggiunto €131,4 milioni, in aumento del 20% su base annua
- Il rapporto di leva netta è migliorato a 2,6x rispetto a 3,6x rispetto all'anno precedente
- Ridotto con successo il margine del tasso d'interesse del prestito a termine di 50 punti base al 3,25% annuo
- L'azienda ribadisce la guida dell'EBITDA rettificato per l'anno fiscale 24/25 di €185-205 milioni, prevedendo di raggiungere la parte alta della fascia
Un'importante pietra miliare strategica è stata annunciata il 18 febbraio 2025, con l'acquisizione di Global Blue da parte di Shift4 a $7,50 per azione comune, che rappresenta un premio del 15%. La transazione valorizza Global Blue a circa $2,5 miliardi di valore d'impresa e si prevede che si chiuda entro il terzo trimestre del 2025.
Global Blue (NYSE:GB) informa sobre resultados financieros sólidos para los 9 meses del año fiscal 24/25, con un crecimiento de ingresos del 20% interanual hasta €381 millones y un aumento del 34% en EBITDA ajustado hasta €154 millones. La compañía logró una mejora sólida en el margen de EBITDA ajustado de 4,2 puntos hasta el 40,4%.
Los aspectos destacados incluyen:
- Los ingresos del tercer trimestre del año fiscal 24/25 alcanzaron €131,4 millones, un aumento del 20% interanual
- La relación de apalancamiento neto mejoró a 2,6x desde 3,6x en comparación con el año anterior
- Se redujo con éxito el margen de tasa de interés del préstamo a plazo en 50 puntos básicos al 3,25% anual
- La compañía reitera la guía de EBITDA ajustado para el año fiscal 24/25 de €185-205 millones, esperando alcanzar la parte alta del rango
Un hito estratégico significativo fue anunciado el 18 de febrero de 2025, con la adquisición de Global Blue por parte de Shift4 a $7,50 por acción común, lo que representa una prima del 15%. La transacción valora a Global Blue en aproximadamente $2,5 mil millones de valor empresarial y se espera que se cierre para el tercer trimestre de 2025.
글로벌 블루 (NYSE:GB)는 24/25 회계연도 9개월 동안 전년 대비 20%의 매출 성장을 기록하며 €381백만에 도달하고, 조정된 EBITDA가 34% 증가하여 €154백만에 이르렀다고 보고했습니다. 회사는 조정된 EBITDA 마진에서 4.2포인트 개선된 40.4%를 달성했습니다.
주요 하이라이트는 다음과 같습니다:
- 24/25 회계연도 3분기 매출은 €131.4백만에 도달하여 전년 대비 20% 증가했습니다.
- 순 레버리지 비율이 전년 대비 3.6배에서 2.6배로 개선되었습니다.
- 정기 대출 이자율 마진을 50bp 낮춰 연 3.25%로 성공적으로 감소시켰습니다.
- 회사는 24/25 회계연도 조정된 EBITDA 가이던스를 €185-205백만으로 재확인하며, 상단 범위에 도달할 것으로 예상하고 있습니다.
2025년 2월 18일, Shift4가 글로벌 블루를 인수한다는 중요한 전략적 이정표가 발표되었습니다. 인수가는 주당 $7.50로, 15%의 프리미엄을 나타냅니다. 이 거래는 글로벌 블루의 기업 가치를 약 $25억으로 평가하며, 2025년 3분기까지 마무리될 것으로 예상됩니다.
Global Blue (NYSE:GB) annonce des résultats financiers solides pour les 9 mois de l'exercice 24/25, avec une croissance des revenus de 20% d'une année sur l'autre atteignant 381 millions d'euros et une augmentation de 34% de l'EBITDA ajusté à 154 millions d'euros. L'entreprise a réalisé une amélioration significative de la marge EBITDA ajustée de 4,2 points à 40,4%.
Les points clés comprennent :
- Les revenus du troisième trimestre de l'exercice 24/25 ont atteint 131,4 millions d'euros, en hausse de 20% d'une année sur l'autre
- Le ratio d'endettement net s'est amélioré à 2,6x contre 3,6x d'une année sur l'autre
- Taux d'intérêt du prêt à terme réduit avec succès de 50 points de base à 3,25% par an
- L'entreprise réitère ses prévisions d'EBITDA ajusté pour l'exercice 24/25 de 185 à 205 millions d'euros, s'attendant à atteindre la partie supérieure de cette fourchette
Une étape stratégique importante a été annoncée le 18 février 2025, avec l'acquisition de Global Blue par Shift4 à 7,50 $ par action ordinaire, représentant une prime de 15%. La transaction valorise Global Blue à environ 2,5 milliards de dollars de valeur d'entreprise et devrait être finalisée d'ici le troisième trimestre 2025.
Global Blue (NYSE:GB) berichtet von starken finanziellen Ergebnissen für die 9 Monate des Geschäftsjahres 24/25, mit einem Umsatzwachstum von 20% im Jahresvergleich auf €381 Millionen und einem 34% Anstieg des bereinigten EBITDA auf €154 Millionen. Das Unternehmen erzielte eine solide Verbesserung der bereinigten EBITDA-Marge um 4,2 Punkte auf 40,4%.
Wichtige Highlights sind:
- Die Umsätze im 3. Quartal des Geschäftsjahres 24/25 beliefen sich auf €131,4 Millionen, was einem Anstieg von 20% im Jahresvergleich entspricht
- Das Netto-Verschuldungsverhältnis verbesserte sich von 3,6x auf 2,6x im Jahresvergleich
- Der Zinssatzmargen des Terminkredits wurde erfolgreich um 50 Basispunkte auf 3,25% p.a. gesenkt
- Das Unternehmen bekräftigt die Prognose für das bereinigte EBITDA des Geschäftsjahres 24/25 von €185-205 Millionen und erwartet, die obere Hälfte zu erreichen
Ein bedeutender strategischer Meilenstein wurde am 18. Februar 2025 bekannt gegeben, mit der Übernahme von Global Blue durch Shift4 zu $7,50 pro Stammaktie, was einem Aufschlag von 15% entspricht. Die Transaktion bewertet Global Blue mit einem Unternehmenswert von ca. $2,5 Milliarden und wird voraussichtlich im 3. Quartal 2025 abgeschlossen.
- Revenue grew 20% YoY to €381.1m
- Adjusted EBITDA increased 34% YoY to €154m
- EBITDA margin improved 4.2pts to 40.4%
- Net leverage ratio improved to 2.6x from 3.6x
- Shift4 acquisition at 15% premium to market price
- Interest rate margin reduced by 175bps to 3.25%
- Additional €5m fixed costs for growth initiatives
- €8.8m increase in depreciation and amortization
- €6.9m increase in net finance costs
Insights
Global Blue delivered exceptional 9M FY24/25 results, with revenue increasing 20% year-over-year to €381 million and Adjusted EBITDA surging 34% to €154 million. This performance significantly outpaces the broader luxury market, highlighting Global Blue's unique exposure to high-net-worth travelers who continue spending despite macroeconomic headwinds.
The company's operational efficiency is evident in its expanding profitability metrics, with Adjusted EBITDA margin improving 4.2 percentage points to 40.4% and an impressive 61% drop-through rate - meaning 61% of incremental revenue converted directly to EBITDA. This demonstrates the highly scalable nature of Global Blue's business model, where revenue growth requires minimal additional cost infrastructure.
Geographic performance reveals important trends: Asia Pacific revenue jumped 43% despite ongoing challenges in mainland Chinese outbound travel, suggesting strong diversification across Asian markets and potential for further upside when Chinese tourism fully normalizes. Meanwhile, Continental Europe remains robust with 21% growth.
The company's deleveraging progress is particularly noteworthy, with net leverage ratio improving to 2.6x from 3.6x year-over-year. Combined with the 175 basis point reduction in term loan interest margin secured over the past year, Global Blue has significantly reduced its interest burden, which will directly enhance free cash flow and net income going forward.
The announced acquisition by Shift4 at $7.50 per share (15% premium) values Global Blue at ~$2.5 billion enterprise value (13x CY2024 EBITDA). This transaction creates strategic logic by combining Shift4's payment processing capabilities with Global Blue's tax-free shopping network, potentially creating an integrated cross-border commerce platform. The valuation appears reasonable given Global Blue's growth trajectory and margin profile, though slightly below multiples seen in other high-growth fintech acquisitions.
Given the company's strong momentum and guidance towards the top half of its €185-205 million FY24/25 Adjusted EBITDA range, the acquisition timing appears opportunistic for Shift4, capturing Global Blue's improving fundamentals before they fully materialize in the share price.
Global Blue's stellar 9M FY24/25 results showcase a company executing exceptionally well in the specialized cross-border payments niche, with revenue up 20% to €381 million and Adjusted EBITDA surging 34% to €154 million. What's particularly impressive is the 40.4% EBITDA margin - substantially higher than traditional payment processors that typically operate in the 25-30% range.
The company's unique business model explains this margin advantage: unlike conventional payment processors that compete primarily on pricing, Global Blue's tax-free shopping and cross-border payment solutions create a specialized ecosystem with high barriers to entry and direct competition. This enables the remarkable 61% drop-through rate, where incremental revenue flows directly to the bottom line with minimal additional costs - a level of operational leverage rarely seen even among top-tier payment companies.
The Shift4 acquisition at ~$2.5 billion (13x CY2024 EBITDA) represents a strategic transformation for both companies. For Shift4, acquiring Global Blue instantly provides international expansion beyond its primarily US-focused operations, access to high-value luxury merchants, and entry into the tax-free shopping ecosystem that connects merchants, consumers, and tax authorities. For Global Blue, Shift4's technology stack and capital resources could accelerate growth initiatives.
The valuation multiple appears reasonable within the payments landscape - lower than high-growth payment tech companies (often 15-20x) but appropriate given Global Blue's established business model and the current interest rate environment. Recent comparable transactions include Nexi's acquisition of Nets (16x) and Worldline's purchase of Ingenico (15x).
The 43% growth in Asia Pacific is particularly telling about broader payment trends, indicating that despite macroeconomic headwinds, high-value cross-border transactions continue to show resilience. This contradicts concerns about luxury spending slowdowns and suggests Global Blue's focus on affluent travelers provides significant insulation from broader economic pressures.
Integration challenges will likely center around technology platforms and regulatory compliance across multiple jurisdictions. The companies must navigate different payment infrastructures while maintaining Global Blue's relationships with tax authorities - a complex undertaking that will require careful execution. However, the potential synergies in merchant acquisition, payment processing efficiency, and combined data insights could ultimately justify the acquisition premium.
-
Strong YoY growth in Group 9M Revenue of
20% to€381m , with a34% increase in Adjusted EBITDA(1) to€154m
-
Solid improvement in 9M Adjusted EBITDA margin of 4.2pts to
40.4% and a61% drop-through(2)
-
Continued increase in LTM Adjusted EBITDA to
€188m vs.€175m in the previous quarter
-
Reiterating financial guidance(3) for FY24/25 Adjusted EBITDA of
€185 - 205m, expecting to achieve towards the top half of the range
- Strategic milestone reached with the announcement of the acquisition of Global Blue by Shift4 on February 18, 2025
SIGNY,
Global Blue’s CEO, Jacques Stern, commented:
“We are pleased to report a strong 9M performance with
“This strong growth, combined with our high operating leverage, led to a
“Given this strong performance, we expect to achieve towards the top half of our financial guidance for FY24/25 Adjusted EBITDA of
“Furthermore, on February 18, 2025, we reached a significant milestone in our journey when we announced the acquisition of Global Blue by Shift4. The transaction consideration equates to a
EXECUTIVE SUMMARY
Shift4 acquisition Global Blue
On February 16, 2025, Global Blue and Shift4 entered into a definitive agreement under which Shfit4, will acquire
Under the terms of the definitive agreement, Shift4 intends to acquire Global Blue for
The acquisition has been unanimously approved by the boards of directors of Shift4 and Global Blue, and the board of directors of Global Blue has unanimously resolved that it will recommend to the Global Blue shareholders to accept the tender offer. The transaction is expected to close by the third quarter of calendar year 2025, subject to regulatory approvals, other customary closing conditions, and a minimum tender of
Strong financial performance
In Q3 FY24/25, the Group achieved
Furthermore, continued strong cash conversion significantly reduced the net leverage ratio(4) to 2.6x at the end of December 2024, from 3.6x at the end of December 2023, approaching the Group’s long-term target of <2.5x.
Repricing of Term Loan and Revolving Credit Facility
In December 2024, Global Blue successfully allocated the repricing of the Term Loan and Revolving Facility, reducing the interest rate margin on the Term Loan by 50 basis points from
Financial Guidance
Reflecting the strong performance in the period, and notwithstanding the additional
FINANCIAL PERFORMANCE
Q3 FY24/25 Financial Performance
€M |
Q3 FY22/23 |
Q3 FY23/24 |
Q3 FY24/25 |
Q3 FY24/25 vs. Q3 FY23/24 |
Revenue Tax Free Shopping Solutions Payments Post-Purchase Solutions |
64.4 16.2 6.1 |
80.3 22.3 6.8 |
97.8 25.1 8.6 |
|
Revenue |
86.7 |
109.4 |
131.4 |
|
Variable costs |
(22.1) |
(25.3) |
(30.0) |
|
Contribution(5) |
64.6 |
84.1 |
101.4 |
|
Fixed costs |
(40.5) |
(44.3) |
(49.2) |
|
Adjusted EBITDA Adjusted EBITDA Margin(%) |
24.1
|
39.8
|
52.2
|
+3.4pts |
Adjusted Depreciation & Amortization |
(9.2) |
(9.7) |
(12.9) |
|
Net Finance Costs |
(3.7) |
(12.0) |
(13.9) |
|
Adjusted Profit before Tax |
11.1 |
18.1 |
25.3 |
|
Adjusted Income Tax Expense |
(3.7) |
(7.0) |
(8.8) |
|
Non-Controlling Interests |
(0.8) |
(1.9) |
(2.1) |
|
Adjusted Net Income Group Share |
6.6 |
9.1 |
14.4 |
|
Revenue
The Group delivered revenue of
Tax Free Shopping Solutions delivered revenue growth of
Payments delivered revenue of
Post-Purchase Solutions delivered revenue growth of
Contribution
Given the strong focus on variable cost optimization, the Group delivered a contribution of
Adjusted EBITDA
Strong revenue growth together with Global Blue’s high operating leverage profile resulted in an Adjusted EBITDA of
9M FY24/25 Financial Performance
€M |
9M FY22/23 |
9M FY23/24 |
9M FY24/25 |
9M FY24/25 vs. 9M FY23/24 |
Revenue Tax Free Shopping Solutions Payments Post-Purchase Solutions |
166.4 44.1 14.1 |
235.2 61.3 20.6 |
290.8 68.8 21.5 |
|
Revenue |
224.7 |
317.1 |
381.1 |
|
Variable costs |
(56.8) |
(73.5) |
(83.2) |
|
Contribution |
167.9 |
243.6 |
297.9 |
|
Fixed costs |
(111.2) |
(128.9) |
(144.0) |
|
Adjusted EBITDA Adjusted EBITDA Margin(%) |
56.7
|
114.7
|
153.9
|
+4.2pts |
Adjusted Depreciation & Amortization |
(27.0) |
(27.6) |
(36.4) |
|
Net Finance Costs |
(27.6) |
(36.6) |
(43.5) |
|
Adjusted Profit before Tax |
2.1 |
50.6 |
73.9 |
46% |
Adjusted Income Tax Expense |
(7.5) |
(19.6) |
(25.7) |
|
Non-Controlling Interests |
(1.7) |
(5.6) |
(7.4) |
|
Adjusted Net Income Group Share |
(7.1) |
25.3 |
40.8 |
62% |
Revenue
The Group delivered revenue of
Tax Free Shopping Solutions delivered revenue of
Payments delivered revenue of
Post-Purchase Solutions delivered revenue of
Contribution
Given the strong focus on variable cost optimization, the Group delivered a contribution of
Adjusted EBITDA
The Group delivered Adjusted EBITDA of
Adjusted Profit before Tax
The Group delivered Adjusted Profit Before Tax of
Cash Flow, Balance Sheet, and Net Debt
Adjusted EBITDA less capital expenditure increased by
As at December 31, 2024, Group Net Debt(8) decreased to
Furthermore, in December 2024, the Group successfully allocated the repricing of the Term Loan and Revolving Facility, reducing the interest rate margin on the Term Loan by 50 basis points from
FINANCIAL GUIDANCE
Reflecting the strong performance in the period, and notwithstanding the additional
1The table below provides a reconciliation between Profit and Adjusted EBITDA.
For the three months ended December 31 |
For the nine months ended December 31 |
||||||
€M |
2024 |
2023 |
2024 |
2023 |
|||
Profit for the period |
33.9 |
14.9 |
78.8 |
26.3 |
|||
Profit margin (%) |
|
|
|
|
|||
Income Tax Expense |
12.3 |
8.6 |
35.2 |
21.5 |
|||
Net Finance Costs |
13.9 |
12.0 |
43.5 |
36.6 |
|||
Exceptional Items* |
(21.9) |
(6.5) |
(43.4) |
(0.5) |
|||
Depreciation & Amortization |
14.0 |
10.8 |
39.7 |
30.9 |
|||
Adjusted EBITDA |
52.2 |
39.8 |
153.9 |
114.7 |
|||
Adjusted EBITDA Margin (%) |
|
|
|
|
|||
*Exceptional Items consist of items which Global Blue does not consider indicative of its ongoing operating and financial performance, not directly related to ordinary business operations and which are not included in the assessment of management performance.
2Drop-through refers to the portion of Revenue growth that drops through to the Adjusted EBITDA line.
3A reconciliation of the foregoing guidance for the non-IFRS metric of Adjusted EBITDA to net income (loss) cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted. For the same reasons, the Company is unable to assess the probable significance of the unavailable information, which could have a material impact on its future IFRS financial results.
4Net Leverage refers to Net Debt divided by the last 12 months Adjusted EBITDA.
5Contribution refers to revenue less variable costs.
6Sales-in-Store refers to the Issued Sales-In-Store (Spend), like-for-like (at constant merchant scope and exchange rates).
7The table below provides a reconciliation of Free Cash Flow.
€M |
9M FY24/25 |
9M FY23/24 |
Net increase / (decrease) in cash and cash equivalents |
34.3 |
(139.1) |
Net payments / (proceeds) from loans and borrowings, and related costs |
3.6 |
204.7 |
Net payments / (proceeds) from issuance of share capital, and related costs |
1.5 |
(45.1) |
Dividends Net acquisitions of assets |
2.8 2.4 |
3.2 2.3 |
Net foreign exchange difference |
(1.1) |
(1.0) |
Acquisition of treasury shares |
3.4 |
- |
Payment of hedge instrument |
3.1 |
- |
Payments of NCI put options |
2.4 |
- |
Other movements |
2.9 |
5.9 |
Free Cash Flow |
55.3 |
30.9 |
8The table below provide a reconciliation of net debt.
€M |
9M FY24/25 |
FY23/24 |
IFRS Net Debt |
437.2 |
522.3 |
Lease liabilities - repayable within one year |
(10.3) |
(8.8) |
Lease liabilities - repayable after one year |
(18.9) |
(14.8) |
Capitalized financing cost |
24.4 |
23.8 |
Gain from debt modification |
55.9 |
- |
Net Debt |
488.2 |
522.5 |
WEBCAST INFORMATION
An audio recording of commentary on the results, along with supplemental financial information, can be accessed via the Investor Relations section of the company’s website at Global Blue Group Holding AG - Investor Relations.
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.
Important Additional Information and Where to Find It
The tender offer described in this press release has not yet commenced. This press release is for informational purposes only and is neither an offer to buy nor a solicitation of an offer to sell any securities of Global Blue. A solicitation and an offer to buy securities of Global Blue will only be made pursuant to a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and other related materials that Shift4 intends to file with the SEC. In addition, Global Blue will file with the SEC a solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer. The offer to purchase, the letter of transmittal and certain other tender offer documents, as well as the solicitation/recommendation statement, will be sent to all shareholders of Global Blue at no expense to them. Once filed, investors will be able to obtain a free copy of these materials and other documents filed by Shift4 and Global Blue with the SEC at the website maintained by the SEC at www.sec.gov. Additional copies may be obtained for free by contacting Shift4 or Global Blue. Copies of the documents filed with the SEC by Global Blue will be available free of charge under the “Filings” section of Global Blue’s website at ir.globalblue.com. In addition, Global Blue shareholders may obtain free copies of the tender offer materials by contacting the information agent for the tender offer that will be named in the tender offer statement.
INVESTORS AND SECURITY HOLDERS OF GLOBAL BLUE AND SHIFT4 ARE URGED TO READ THESE DOCUMENTS WHEN THEY BECOME AVAILABLE, INCLUDING THE SOLICITATION/RECOMMENDATION STATEMENT OF GLOBAL BLUE AND ANY AMENDMENTS THERETO, AS WELL AS ANY OTHER DOCUMENTS RELATING TO THE TENDER OFFER AND THE MERGER THAT ARE FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO WHETHER TO TENDER THEIR SHARES INTO THE TENDER OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE TENDER OFFER.
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
For more information, please visit www.globalblue.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226442203/en/
FOR FURTHER INFORMATION
Frances Gibbons, Head of Investor Relations
+44 (0) 7815 034 212
fgibbons@globalblue.com
Source: Global Blue
FAQ
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