NEWS
Global Blue Reports Strong Q1 FY24/25 Financial Results With Continued Substantial Revenue Growth & Margin Improvement, Announces Inaugural Share Buyback Authorization
• Strong YoY growth in Group Q1 Revenue of 25% to €118m, with a 55% increase in Q1 Adjusted EBITDA to €43m
• Improvement in Q1 Adjusted EBITDA margin of 7ppts to 36.5% and a 65% drop-through(1)
• Solid acceleration in Annualized Adjusted EBITDA(2) to €205m vs. €164m in the previous quarter
• July's Tax Free Shopping Sales-in-Store(3) YoY growth of 25% confirming the positive Q1 FY24/25 trends
• Financial guidance reaffirmed – FY24/25 Adjusted EBITDA of >€200m
• Announcing $10 million share repurchase program
• Improvement in Q1 Adjusted EBITDA margin of 7ppts to 36.5% and a 65% drop-through(1)
• Solid acceleration in Annualized Adjusted EBITDA(2) to €205m vs. €164m in the previous quarter
• July's Tax Free Shopping Sales-in-Store(3) YoY growth of 25% confirming the positive Q1 FY24/25 trends
• Financial guidance reaffirmed – FY24/25 Adjusted EBITDA of >€200m
• Announcing $10 million share repurchase program
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