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Global Blue Group Holding ( (GB) ) has issued an update.
Global Blue’s latest report highlights a positive trend in Tax Free Shopping, showing a 23% year-on-year increase in issued Sales in Store for December 2024, driven by strong performances in both Continental Europe and Asia Pacific. Notably, the growth in Asia Pacific was led by a 54% increase in Mainland Chinese shopper Tax Free Spend. The report indicates a robust recovery in international shopping, with significant contributions from GCC and US shoppers in Europe, and strong performance in destination markets like South Korea and Japan.
More about Global Blue Group Holding
Global Blue is a company that specializes in enhancing the shopping journey through technology and services, primarily focusing on Tax Free Shopping, Payments, and Post-Purchase solutions. With over 40 years of experience, it connects retailers, acquirers, and hotels with millions of consumers across 53 countries. The company is listed on the New York Stock Exchange and reported €28 billion in Sales in Store with €422 million in revenue for FY 2023/24.
YTD Price Performance: 8.64%
Average Trading Volume: 61,071
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.56B
Learn more about GB stock on TipRanks’ Stock Analysis page.
