Global Blue Announces Strong Q1 Results and Buyback

Global Blue Group Holding (GB) has released an update.

Global Blue Group Holding AG reports a robust financial performance in Q1 FY24/25, with a 25% year-over-year revenue increase to €118 million and a 55% surge in Adjusted EBITDA to €43 million, resulting in a higher margin of 36.5%. The company confirms its positive trend with July’s Tax Free Shopping Sales growing by 25% and solidifies its financial outlook by announcing a $10 million share buyback program.

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