Global Blue Reports Q1 FY23/24 Financial Results with Significant Increases in Both Growth and Profitability
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Monday, August 28, 2023
Retail, Other Professional Services, Data Management, Technology, Carriers and Services, Consulting, Banking, Apps, Applications, Professional Services, Online Retail, Luxury, Other Retail, Electronic Commerce, Digital Cash Management, Digital Assets, Other Technology, Software, Acceleration, Software as a service, Sale (chain store), Global Blue, Q3, Travel, GxP, Tax Free, GCC, Zigzag, VAT, Tax-free shopping, AVPS, Ratio, LTM, Name, EBITDA, Digitalization, TFS, Risk, Growth, Oil, Tourism, Online shopping, Mobile phone, Q2
Based on an annualization of Q1 FY23/24 quarter’s results, Global Blue could achieve Adjusted EBITDA in excess of €200m(2) once Chinese Revenue recovery reaches 105% (vs. a 38% Revenue recovery in Q1 FY23/24).
Key Points:
- Based on an annualization of Q1 FY23/24 quarter’s results, Global Blue could achieve Adjusted EBITDA in excess of €200m(2) once Chinese Revenue recovery reaches 105% (vs. a 38% Revenue recovery in Q1 FY23/24).
- Notwithstanding the current and future recovery, Global Blue will continue to benefit from four strong long-term growth drivers of the business.
- In summary, Global Blue is pleased to report Q1 FY23/24 financial results with a significant increase in both growth and profitability in Q1 FY23/24, thanks to the proven and accelerating international travel recovery, coupled with continued progress around its strategic priorities.
- These non-IFRS measures may not be indicative of Global Blue’s historical operating results nor are such measures meant to be predictive of Global Blue’s future results.