Global Blue Group Holding Ltd Stock Price, News & Analysis

At the Altagamma Luxury Observatory Conference in Milan, Global Blue presented data revealing a robust recovery in Continental Europe’s Tax Free Shopping market. Tax Free spending averaged 38% of pre-pandemic levels this summer, peaking at 40% in August. Recovery was primarily driven by luxury shoppers from the GCC (86% of 2019 levels) and the US (73%). Newly eligible UK shoppers contributed significantly, averaging €1,500 in spend, over twice the European average. A recent survey showed 70% of international shoppers are keen to travel again, indicating positive market sentiment.

Global Blue (NYSE:GB) has increased its stake in Yocuda, a leading digital receipt provider, to 56%. This acquisition enhances Global Blue's RetailTech portfolio, aiming to empower retailers through personalized digital receipts that boost customer engagement. Yocuda's technology, with a 75% open rate, allows retailers to deliver tailored communications post-purchase and supports ESG goals by eliminating paper receipts. The partnership is expected to drive geographical expansion and new business opportunities across Europe and Asia, leveraging Global Blue's extensive network.

Global Blue Group Holding AG (NYSE: GB) announced it will release its Q1 results for the three-month period ending June 30, 2021, on September 3, 2021. The earnings release will include Management’s Discussion and Analysis and Consolidated Financial Statements, along with an Investor presentation. An audio commentary from CEO Jacques Stern and CFO Loic Jenouvrier will also be available. The materials will be accessible on the company’s website under the Investors section.

Global Blue Group Holding AG will conduct its Annual General Meeting (AGM) of Shareholders on September 15, 2021, at 11:00 CEST in Zurich, Switzerland. Preparatory documents are accessible in the Investor Relations section of their website. Global Blue, a leader in Tax Free Shopping, processed 35 million transactions worth €18.5 billion and 31 million Added-Value Payment Solutions transactions valued at €4.4 billion for the fiscal year ending March 31, 2020. The company is listed on NYSE under the ticker GB.

Global Blue Group Holding AG (NYSE: GB) will release its financial results for the fiscal year ending 30^th March 2021 today, 28^th June 2021. This report includes comprehensive financial statements and a Management's Discussion and Analysis (MD&A). An audio commentary featuring CEO Jacques Stern and CFO Loic Jenouvrier will also be available. Global Blue continues to lead in Tax Free Shopping, processing 35 million transactions worth €18.5 billion in the previous fiscal year.

In its latest ‘Observatory’ report, Global Blue (NYSE:GB) explores the effects of recent UK Tax Free Shopping legislation changes on international shopping behavior in Europe. With UK borders reopening on May 17, 2021, 65% of UK tourists plan to travel abroad this year, particularly to Spain, Greece, Italy, Portugal, and France. UK tourists, now eligible for Tax Free Shopping in the EU, are expected to spend approximately €1.1 billion annually in Europe. The abolition of the UK’s Tax Free Shopping is projected to redirect €1.5 billion of shopping budgets to EU countries, mainly France and Italy.

Global Blue has announced the launch of Global Blue Ventures, aimed at investing in innovative retail technology solutions. Established in 2019 and launched officially in April 2021, this initiative seeks to enhance the company's omnichannel technology and payment strategies. Global Blue Ventures will focus on three verticals: eCommerce, store digitalization, and clienteling, with a goal to improve retailer performance. The initiative has already led to partnerships with key players like Yocuda and ZigZag Global.

Global Blue has announced the acquisition of ZigZag, a SaaS platform for managing e-commerce returns, in a strategic effort to enhance profitability and consumer experience in retail. E-commerce returns average over 40%, making ZigZag's digital solutions crucial. The acquisition is fully funded by raising $70 million via a private placement to institutional investors, with the transaction expected to close by March 2021. Both companies aim to leverage their technologies to optimize services and grow their market presence in the booming e-commerce sector.

Global Blue Group Holding AG (NYSE: GB) will publish its Q3 review today, 3rd March 2021, covering the period from 1st October 2020 to 31st December 2020, along with a year-to-date review from 1st April 2020 to 31st December 2020. This release includes financial statements, a Management’s Discussion and Analysis (MD&A), and an investor presentation, all accessible on their corporate website. Global Blue has been a leader in Tax Free Shopping for 40 years, enabling over 29 million international shoppers to reclaim VAT on purchases and offering various solutions to merchants and acquirers.