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Global Blue Group Holding AG - GB STOCK NEWS

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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.

Rhea-AI Summary
Global Blue reports significant growth and profitability in Q1 FY23/24 with a 68% YoY increase in revenue and 300%+ YoY increase in Adjusted EBITDA. Annualized Adjusted EBITDA reaches €141m. Recovery in Tax Free Shopping remains stable at 102% in July. Mainland China's recovery surpasses 2019 levels at 100%. Global Blue could achieve Adjusted EBITDA in excess of €200m once Chinese revenue recovery reaches 105%. Long-term growth drivers include overseas luxury market dynamics, VAT dynamics/new markets, digitalization dynamics, and e-commerce dynamics.
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Global Blue Group Holding AG will hold its Annual General Meeting of Shareholders on September 14, 2023.
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Global Blue Group Holding AG (NYSE: GB and GB.WS) to release Q1 2023 financial results and management commentary
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New data from Global Blue reveals that the overall dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific. Globally, issued Sales in Store like-for-like recovery has propelled to 128% in June1 versus 112%1 in April/May.
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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.

Global Blue Group Holding AG

NYSE:GB

GB Rankings

GB Stock Data

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