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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 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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Rhea-AI Summary
Global Blue (NYSE:GB) reports continued acceleration in Asia Pacific Tax Free Shopping recovery, with a slight softening in Continental Europe. Mainland Chinese shopper recovery remains strong, while the recovery rate for US residents and Gulf Cooperation Council shoppers also remains high.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
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News
Rhea-AI Summary
Global Blue Group Holding AG will release its financial results for the second quarter and half year period ended September 30, 2023. The results will include Management’s Discussion and Analysis of the Financial Position and Results of Operations, Consolidated Financial Statements, and an investor presentation. An audio recording of commentary on the results by the CEO and CFO will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
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Rhea-AI Summary
Global Tax Free Shopping Recovery Gains Momentum in Continental Europe and Asia Pacific
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Rhea-AI Sentiment
End-of-Day
0.17%
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Rhea-AI Summary
Global Blue expects robust revenue growth and profit margins driven by market leadership and technology differentiation. Adjusted EBITDA guidance for FY23/24 is €145-165m (85-115% YoY growth) and for FY24/25 is >€200m. Long-term targets include revenue growth of 8-12% and 'Revenue-to-Adjusted EBITDA drop-through' of >50%. The company is well-positioned to benefit from the return of Asian shoppers and its technology investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.9%
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Rhea-AI Summary
Global Tax Free Shopping recovery remains stable in Continental Europe and accelerates in Asia Pacific
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Rhea-AI Sentiment
End-of-Day
2.54%
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Rhea-AI Summary
Global Blue reports significant growth and profitability in Q1 FY23/24 with a 68% YoY increase in revenue and 300%+ YoY increase in Adjusted EBITDA. Annualized Adjusted EBITDA reaches €141m. Recovery in Tax Free Shopping remains stable at 102% in July. Mainland China's recovery surpasses 2019 levels at 100%. Global Blue could achieve Adjusted EBITDA in excess of €200m once Chinese revenue recovery reaches 105%. Long-term growth drivers include overseas luxury market dynamics, VAT dynamics/new markets, digitalization dynamics, and e-commerce dynamics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
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Rhea-AI Summary
Global Blue Group Holding AG will hold its Annual General Meeting of Shareholders on September 14, 2023.
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Rhea-AI Sentiment
End-of-Day
-2.14%
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Rhea-AI Sentiment
End-of-Day
1.03%
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Rhea-AI Summary
Global Blue Group Holding AG (NYSE: GB and GB.WS) to release Q1 2023 financial results and management commentary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.01%
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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