Global Blue Group Holding Ltd Stock Price, News & Analysis

Shift4 Payments (NYSE: FOUR) has announced an extension of its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB). The tender offer will now remain open until June 23, 2025. As of June 5, 2025, approximately 232,846,816 shares (96.95% of outstanding shares) have been validly tendered, exceeding the 90% minimum threshold requirement. The acquisition, initially announced on February 16, 2025, is still subject to regulatory approvals in certain jurisdictions and other customary closing conditions. Global Blue's board has unanimously recommended shareholders to tender their shares. The transaction is expected to close by Q3 2025, as previously announced. Shareholders who have already tendered their shares do not need to take any further action.

Global Blue (NYSE:GB) reported strong FY24/25 financial results with revenue growing 20% YoY to €508 million. The company achieved record Adjusted EBITDA of €202 million, up 36% YoY, with margin expanding to 39.8%. Tax Free Shopping Solutions led growth with €384.5 million revenue (+23% YoY), while Payments and Post-Purchase Solutions reached €93.2 million (+12% YoY) and €30.2 million (+10% YoY) respectively. Net leverage ratio improved to 2.4x from 3.4x year prior. Notably, Shift4 announced acquisition of Global Blue for $2.5 billion ($7.50 per common share), expected to close in Q3 2025, after which GB will delist from public exchanges.

Shift4 Payments (NYSE: FOUR) has announced an extension of its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB). The tender offer will now remain open until June 5, 2025. As of May 20, 2025, approximately 232,150,795 shares have been validly tendered, representing 96.66% of outstanding shares, exceeding the required 90% minimum threshold.

The transaction, initially announced on February 16, 2025, is still subject to regulatory approvals in certain jurisdictions and other customary closing conditions. Global Blue's board has unanimously recommended shareholders to tender their shares. The acquisition is expected to close by Q3 2025, as previously announced.

Shift4 Payments (NYSE: FOUR) has announced an extension of its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB). The tender offer will now remain open until May 20, 2025. As of May 6, 2025, approximately 232,130,611 shares have been validly tendered, representing 96.65% of outstanding shares, exceeding the required 90% threshold.

The acquisition, initially announced on February 16, 2025, is subject to regulatory approvals and customary closing conditions. Global Blue's board has unanimously recommended shareholders tender their shares. The transaction is expected to close by Q3 2025.

Global Blue Group Holding AG has released preliminary, unaudited financial results for FY24/25 ended March 31, 2025, showing strong performance across key metrics. The company expects to report Sales in Store (SiS) of EUR 32.8-33.0 billion and revenue of EUR 506-510 million, representing a 20% increase from FY23/24. Adjusted EBITDA is projected at EUR 201-204 million, showing a significant 36% growth. The company's profitability has improved substantially, with profit margin reaching 18% compared to 5% in FY23/24. Cash and cash equivalents are expected to be between EUR 123-125 million, while CAPEX is estimated at EUR 50-51 million.

The financial results demonstrate strong operational performance with Adjusted EBITDA margin expanding to 40%, up from 35% in the previous year.

Shift4 Payments (NYSE: FOUR) has extended its all-cash tender offer to acquire Global Blue Group Holding AG (NYSE: GB) through its subsidiary GT Holding 1 GmbH. The tender offer has already achieved a significant milestone with approximately 231,574,334 shares (96.42% of outstanding shares) validly tendered, surpassing the required 90% threshold.

The acquisition, initially announced on February 16, 2025, is subject to regulatory approvals and customary closing conditions. The tender offer deadline has been extended to May 6, 2025, at 11:59 p.m. (New York City time). Global Blue's board has unanimously recommended shareholders to tender their shares. The transaction is expected to close by the third quarter of 2025.

Global Blue reported a slowdown in Tax Free Shopping growth for March 2025, with global Issued Sales in Store reaching +2% year-over-year, down from +10% in February. Continental Europe showed stable performance at +7%, driven by a +9% increase in shoppers but offset by a -2% decrease in average spend due to unfavorable USD/EUR exchange rates.

US Tax Free Spend grew +16%, while Mainland Chinese shoppers rebounded to +6%. GCC shoppers' spending declined -12% due to Ramadan calendar shifts. Among European destinations, Spain led with +21% growth, while France and Italy both recorded +6%, and Germany remained flat.

Asia Pacific performance softened to -7%, affected by unfavorable Yen exchange rates. The region saw +7% more shoppers but a -13% decline in average spend. South Korea showed strong growth at +45%, while Japan declined -7% and Singapore dropped -21% due to high comparison base.

Global Blue Group Holding AG (GB) has announced an Extraordinary General Meeting (EGM) scheduled for May 6, 2025, at 11:00 CEST. The meeting will take place at Niederer Kraft Frey, Bahnhofstrasse 53, 8001 Zürich, Switzerland.

The company has made all preparatory documents for the EGM available in the 'Investor Relations' section of their website. Additionally, the EGM invitation and Proxy Card have been filed as Exhibits 99.1 and 99.2 to the Company's Report on Form 6-K, dated April 9, 2025.

Global Blue reports Tax Free Shopping performance for February 2025, showing a +10% year-on-year growth in Issued Sales in Store, down from +29% in January. The slowdown was attributed to one less retail day and calendar shifts in Lunar New Year and Ramadan.

Continental Europe saw +9% growth, driven by increased shopper numbers, with US and European Non-EU shoppers both up +23%. GCC spending softened to +21%, while Mainland Chinese spending declined -11%. Key markets performed well: Spain (+16%), Germany (+9%), Italy (+9%), and France (+7%).

Asia Pacific recorded +10% growth, down from January's +46%, impacted by calendar effects. The region saw +17% more shoppers and +10% higher average spend. Mainland Chinese spending grew +19%, while Hong Kong/Taiwan declined -11% and North East Asia fell -34%. Key markets showed mixed results: South Korea (+50%), Japan (+14%), and Singapore (-12%).