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Global Blue Group Holding AG - GB STOCK NEWS

Welcome to our dedicated news page for Global Blue Group Holding (Ticker: GB), a resource for investors and traders seeking the latest updates and insights on Global Blue Group Holding.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Global Blue Group Holding's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Global Blue Group Holding's position in the market.

Rhea-AI Summary
Global Blue unveils a new identity to align with its modernized approach, offering a diverse range of technology and services for the shopping journey. With over 40 years of experience in Tax Free Shopping, Payments, and Post-Purchase Solutions, the company aims to enhance customer loyalty, boost sales, and optimize operations and costs. The rebranding emphasizes the commitment to improving the shopping experience and driving performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
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none
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Rhea-AI Summary
Global Blue's new data reveals a strong recovery in Tax Free Shopping globally, with significant growth in Continental Europe and Asia Pacific. Key markets like France, Spain, Italy, GCC, US, Japan, and Mainland China show robust recovery rates. Mainland Chinese shoppers lead the growth with a +222% year-on-year increase in February 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.09%
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none
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Rhea-AI Summary
Global Blue Group Holding AG (NYSE:GB) reports strong financial results for Q3 FY23/24 and 9M FY23/24, with a significant YoY growth in Adjusted EBITDA and Revenue. The company reiterates its financial guidance and long-term targets, showcasing a robust performance and strategic initiatives to strengthen its balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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none
Rhea-AI Summary
Global Blue (NYSE:GB) has reported a dynamic recovery for Tax Free Shopping across Continental Europe and Asia Pacific, with a 135% issued Sales in Store like-for-like recovery in January 2024 compared to 2019. The recovery strengthened in Continental Europe, fueled by strong performance in France and Spain, while US and GCC shoppers sustained a strong level of recovery. Mainland Chinese shopper recovery continues to accelerate, reaching 80% in January 2024. Year-on-year growth in Tax Free Shopping growth saw a +17% increase in Continental Europe and a +71% increase in Asia Pacific in January 2024 compared to last year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
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Rhea-AI Summary
Global Blue Group Holding AG (NYSE: GB and GB.WS) will release its financial results on Form 6-K for the third quarter and nine month period ended December 31, 2023. The financial results will include Management’s Discussion and Analysis of the Financial Position and Results of Operations in addition to the accompanying Consolidated Financial Statements and Notes, press release and investor presentation. An audio recording of commentary on the results by Jacques Stern, Chief Executive Officer, and Roxane Dufour, Chief Financial Officer, will also be made available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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Rhea-AI Summary
Global Blue (NYSE:GB) reports solid recovery in Tax Free Shopping across Continental Europe and Asia Pacific. Recovery rates reached 130% in December compared to previous months, with strong recovery in Continental Europe and Asia Pacific, excluding Mainland Chinese and Russian shoppers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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none
Rhea-AI Summary
Global Blue (NYSE:GB) reports stable recovery in Tax Free Shopping across Continental Europe and accelerating recovery in Asia Pacific. Mainland Chinese shoppers continue to drive recovery, with a 127% recovery in November compared to 123% in October.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
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Rhea-AI Summary
Global Blue Group Holding AG (NYSE:GB and GB.WS) reports significant YoY growth in Adjusted EBITDA, with an 82.8% increase to €47.2m in Q2 FY23/24 and a 129.7% increase to €75.0m in H1 FY23/24, resulting in a 36% EBITDA margin. The company also secured a $100M strategic equity investment from Tencent and engaged in opportunistic refinancing, reiterating its financial guidance of €145-165m for FY23/24.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.47%
Tags
earnings
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Rhea-AI Summary
Global Blue Group Holding AG (NYSE: GB and GB.WS) has completed a strategic equity investment with Tencent, a world-leading internet and technology company, and signed a new credit agreement to strengthen its balance sheet. The equity investment involves the sale of approximately 9.1 million newly issued common shares for a total consideration of $50 million. The company intends to use the proceeds to reduce its debt balance. The new credit agreement consists of a senior secured term loan of €610.0 million and a senior secured revolving credit facility of €97.5 million, further enhancing the company's financial position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.47%
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none
Rhea-AI Summary
Global Blue Group Holding AG (NYSE: GB and GB.WS) announces a $100 million investment from Tencent, representing approximately 8% of the total fully-diluted share capital, at a price of $5.50 per share. This investment validates Global Blue’s leadership and confidence in the ongoing travel recovery, supporting its de-leveraging target. The company plans to use the primary proceeds to reduce its debt balance, aiming for a net leverage of less than 2.5x Net Debt / Adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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Global Blue Group Holding AG

NYSE:GB

GB Rankings

GB Stock Data

1.05B
36.71M
17.09%
77.21%
0.05%
Data Processing, Hosting, and Related Services
Information
Link
Switzerland
Wangen-Brüttisellen

About GB

we could tell you how we invented tax free shopping, and how we facilitate millions of tax free purchases every year. we could tell you about currency choice, and about how it has revolutionised spending for international travellers, allowing them to control their finances, offering certainty, security, and peace of mind. we could tell how our state of the art technology integrates all of these services at your till, but we’d rather tell you about our overall mission, which is: ‘we will be the brand that everyone turns to for everything to do with international shopping.’ no more and no less, we want to be known for more than just tax refunds, to be loved and trusted by shoppers and merchants alike, to build on the wide recognition that our tax free shopping service already carries. global blue will represent retailers in buenos aires while guiding shoppers in singapore. our extensive marketing team communicates your brand – and ours – to potential customers before they’ve even lef