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Global Blue Group Holding AG - GB STOCK NEWS

Welcome to our dedicated page for Global Blue Group Holding news (Ticker: GB), a resource for investors and traders seeking the latest updates and insights on Global Blue Group Holding stock.

Global Blue Group Holding AG (symbol: GB) is a leading provider of Tax Free Shopping and payment solutions, catering to international travelers and retailers worldwide. The company facilitates millions of tax-free purchases every year, allowing tourists to reclaim VAT on eligible goods bought during their travels. In addition to tax refunds, Global Blue offers Currency Choice, a service that enables travelers to pay in their home currency, enhancing financial control and security.

Global Blue integrates its services seamlessly at points of sale through state-of-the-art technology, ensuring a smooth and efficient shopping experience. The company's mission is to become the go-to brand for all aspects related to international shopping, striving to build trust and recognition among shoppers and merchants alike.

With operations in over 50 countries, Global Blue connects a vast network of retailers, acquirers, and hotels to nearly 80 million consumers across three main industries: Tax Free Shopping, Payments, and Post-Purchase Solutions. These services streamline the shopping and payment journey for tourists, providing added value to all stakeholders involved.

Global Blue's extensive marketing efforts help communicate the brand's value proposition to potential customers even before they start their journey. The company aims to represent retailers globally while guiding shoppers through a seamless international shopping experience. Whether in Buenos Aires or Singapore, Global Blue is dedicated to enhancing the shopping experience for international travelers.

In recent years, Global Blue has focused on expanding its service offerings and technological capabilities to better serve its clients. The company's commitment to innovation and customer satisfaction has solidified its position as a leader in the industry.

News

Global Blue Releases the Monthly Tax Free Shopping Business Update for December 2023

Rhea-AI Summary
Global Blue (NYSE:GB) reports solid recovery in Tax Free Shopping across Continental Europe and Asia Pacific. Recovery rates reached 130% in December compared to previous months, with strong recovery in Continental Europe and Asia Pacific, excluding Mainland Chinese and Russian shoppers.
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Global Blue Releases the Monthly Tax Free Shopping Business Update for November 2023

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Global Blue (NYSE:GB) reports stable recovery in Tax Free Shopping across Continental Europe and accelerating recovery in Asia Pacific. Mainland Chinese shoppers continue to drive recovery, with a 127% recovery in November compared to 123% in October.
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Global Blue Reports Q2 FY23/24 Financial Results, Delivering Growth and an Improved Capital Structure

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Global Blue Group Holding AG (NYSE:GB and GB.WS) reports significant YoY growth in Adjusted EBITDA, with an 82.8% increase to €47.2m in Q2 FY23/24 and a 129.7% increase to €75.0m in H1 FY23/24, resulting in a 36% EBITDA margin. The company also secured a $100M strategic equity investment from Tencent and engaged in opportunistic refinancing, reiterating its financial guidance of €145-165m for FY23/24.
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Global Blue Completes Strategic Equity Investment and Entry Into New Credit Agreement

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Global Blue Group Holding AG (NYSE: GB and GB.WS) has completed a strategic equity investment with Tencent, a world-leading internet and technology company, and signed a new credit agreement to strengthen its balance sheet. The equity investment involves the sale of approximately 9.1 million newly issued common shares for a total consideration of $50 million. The company intends to use the proceeds to reduce its debt balance. The new credit agreement consists of a senior secured term loan of €610.0 million and a senior secured revolving credit facility of €97.5 million, further enhancing the company's financial position.
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Global Blue Announces $100M Strategic Equity Investment From Tencent

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Global Blue Group Holding AG (NYSE: GB and GB.WS) announces a $100 million investment from Tencent, representing approximately 8% of the total fully-diluted share capital, at a price of $5.50 per share. This investment validates Global Blue’s leadership and confidence in the ongoing travel recovery, supporting its de-leveraging target. The company plans to use the primary proceeds to reduce its debt balance, aiming for a net leverage of less than 2.5x Net Debt / Adjusted EBITDA.
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Global Blue Releases the Monthly Tax Free Shopping Business Update for October 2023

Rhea-AI Summary
Global Blue (NYSE:GB) reports continued acceleration in Asia Pacific Tax Free Shopping recovery, with a slight softening in Continental Europe. Mainland Chinese shopper recovery remains strong, while the recovery rate for US residents and Gulf Cooperation Council shoppers also remains high.
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Global Blue Announces Date for Q2 and H1

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Global Blue Group Holding AG will release its financial results for the second quarter and half year period ended September 30, 2023. The results will include Management’s Discussion and Analysis of the Financial Position and Results of Operations, Consolidated Financial Statements, and an investor presentation. An audio recording of commentary on the results by the CEO and CFO will also be available.
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Global Blue Releases the Monthly Tax Free Shopping Business Update for September 2023

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Global Tax Free Shopping Recovery Gains Momentum in Continental Europe and Asia Pacific
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Global Blue Introduces Financial Guidance and Long-term Targets

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Global Blue expects robust revenue growth and profit margins driven by market leadership and technology differentiation. Adjusted EBITDA guidance for FY23/24 is €145-165m (85-115% YoY growth) and for FY24/25 is >€200m. Long-term targets include revenue growth of 8-12% and 'Revenue-to-Adjusted EBITDA drop-through' of >50%. The company is well-positioned to benefit from the return of Asian shoppers and its technology investments.
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Global Blue Releases the Monthly Tax Free Shopping Business Update for August 2023

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Global Tax Free Shopping recovery remains stable in Continental Europe and accelerates in Asia Pacific
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FAQ

What is the current stock price of Global Blue Group Holding (GB)?

The current stock price of Global Blue Group Holding (GB) is $6.25 as of November 21, 2024.

What is the market cap of Global Blue Group Holding (GB)?

The market cap of Global Blue Group Holding (GB) is approximately 1.2B.

What does Global Blue Group Holding AG do?

Global Blue provides Tax Free Shopping and payment solutions for international travelers and retailers worldwide.

How does Global Blue's Tax Free Shopping work?

Global Blue facilitates VAT refunds on eligible purchases made by tourists, allowing them to reclaim VAT on goods bought during their travels.

What is Currency Choice?

Currency Choice is a service offered by Global Blue that enables travelers to pay in their home currency, providing financial control and security.

In how many countries does Global Blue operate?

Global Blue operates in over 50 countries, connecting a vast network of retailers, acquirers, and hotels to consumers.

What industries does Global Blue serve?

Global Blue serves three main industries: Tax Free Shopping, Payments, and Post-Purchase Solutions.

How does Global Blue integrate its services?

Global Blue integrates its services through state-of-the-art technology at points of sale, ensuring a seamless and efficient shopping experience.

What is Global Blue's mission?

Global Blue's mission is to become the go-to brand for all aspects related to international shopping, building trust among shoppers and merchants.

Who are the primary stakeholders of Global Blue?

The primary stakeholders of Global Blue include retailers, acquirers, hotels, and international shoppers.

How does Global Blue support its clients?

Global Blue supports its clients through innovative service offerings, technological advancements, and extensive marketing efforts.

What recent achievements has Global Blue made?

Global Blue has focused on expanding its service offerings and technological capabilities to better serve its clients, solidifying its industry leadership.

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Global Blue Group Holding AG

NYSE:GB

GB Rankings

#2408 Ranked by Market Cap
N/A Ranked by Dividends

GB Stock Data

1.19B
36.93M
16.92%
78.58%
0.05%
Software - Infrastructure
Technology
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