Global Blue Group Holding Ag ( (GB) ) has released its Q3 earnings. Here is a breakdown of the information Global Blue Group Holding Ag presented to its investors.
Global Blue Group Holding AG is a Switzerland-based company specializing in providing technology and services for the shopping journey, primarily within the Tax Free Shopping, Payments, and Post-Purchase solutions sectors. With a global reach, it connects retailers, acquirers, and hotels with millions of consumers worldwide.
In its latest financial results for the nine months ending December 31, 2024, Global Blue reported a robust 20% year-over-year increase in revenue, reaching €381 million. The company also saw a significant 34% rise in Adjusted EBITDA, amounting to €154 million, with a notable improvement in its EBITDA margin.
Key financial highlights include a 20% growth in revenue driven by strong performances across all business lines, particularly in Tax Free Shopping Solutions. The company achieved a 31% increase in Adjusted EBITDA for the third quarter and successfully reduced its net leverage ratio, reflecting improved financial health. Additionally, Global Blue announced a strategic milestone with its acquisition by Shift4, expected to close by the third quarter of 2025.
Looking ahead, Global Blue remains optimistic about its financial performance, reiterating its guidance for FY24/25 Adjusted EBITDA to be between €185 million and €205 million, with expectations to reach the upper half of this range. The company continues to focus on leveraging its strong market position and operational efficiencies to drive future growth.