SIGNY, Switzerland--(BUSINESS WIRE)--New data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific. Globally, issued Sales in Store like-for-like recovery reached 141%1 in February 2024 compared to the same period in 2019, vs. 135%1 in January ’24. A steady worldwide recovery, compared to 2019 levels In Continental Europe, the recovery strengthened, reaching 132%1 in February vs. 125%1 in January, fueled by a strong reco ...

Financial Data and Key Metrics Changes - The company reported a strong revenue increase of 41% for the first nine months, reaching €370 million, with adjusted EBITDA rising by 103% to €115 million, translating to a margin improvement of 11 points to 36.2% [19][27][42] - The net leverage ratio improved significantly to 3.6x from over 6x last year, with a target to reduce it below 2.5x [1][40][44] - The adjusted net income for the group was €25.3 million, a notable improvement from a loss of €7.1 million in the previous year [28] Business Line Data and Key Metrics Changes - TFS, which accounts for 74% of revenue, saw a 24.8% increase in revenue to €80.3 million, while AVPS, contributing 20% of revenue, increased by 37.4% to €22.3 million [55][57] - RTS, representing 6% of group revenue, reported an 11.6% increase to €6.8 million, with organic growth of 3.9% [58] Market Data and Key Metrics Changes - The recovery in international travel has led to a significant increase in spending, with a 63% rise in spend and an 80% recovery in terms of spend compared to 2019 [6][11] - In APAC, the recovery reached 161% in January compared to 150% in Q3, driven by a strong increase in international shoppers [6][20] Company Strategy and Development Direction - The company aims to strengthen its balance sheet through refinancing, which resulted in a new senior debt of €610 million with a maturity of seven years [1][41] - The focus remains on managing costs while capitalizing on the recovery in the travel industry, particularly from high-net-worth individuals [39][60] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery trajectory, particularly in Europe and APAC, with expectations of continued growth in consumer spending [20][46] - The company is well-positioned against potential economic downturns due to its focus on affluent consumers who are less sensitive to economic shocks [39] Other Important Information - The company confirmed its guidance for full-year EBITDA of €145 million to €165 million, with a target of over €200 million for 2024-2025 [37][38] - The working capital dynamics are influenced by the timing of refunds to travelers and VAT payments from merchants, with a working capital inflow of €6.1 million reported [34][32] Q&A Session Summary Question: What are the latest trends in recovery? - The company noted a solid performance in January 2024, with a 7-point improvement in recovery in Europe and an 11-point improvement in APAC [46] Question: How is the spending behavior of high-net-worth individuals? - High-net-worth individuals are spending significantly more, with some spending three to four times what they did in 2019, indicating strong recovery among affluent consumers [50] Question: What challenges are being faced in terms of travel? - Challenges include high flight costs and visa issuance delays, particularly for travelers to France and Germany, which are affecting the number of shoppers [52]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission file number: 001-39477 GLOBAL BLUE GROUP HOLDING AG (Translation of registrant's name into English) Zürichstrasse 38, 8306 Brüttisellen, Switzerland +41 22 363 77 40 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 Commission file number: 001-39477 GLOBAL BLUE GROUP HOLDING AG (Translation of registrant's name into English) Zürichstrasse 38, 8306 Brüttisellen, Switzerland +41 22 363 77 40 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual re ...

Global Blue Group Holding AG (NYSE:GB) Q1 2024 Earnings Conference Call August 27, 2023 8:00 PM ET Company Participants Jacques Stern - President & CEO Roxane Dufour - CFO Conference Call Participants Jacques Stern Good morning. Good afternoon. I am Jacques Stern, the CEO of the Global Blue, and I will present to you the Q1 figures of ’23-‘24 with Roxane Dufour, the CFO of the Group. So let me first start by the key takeaway of this Q1 figures. So very pleased to report a very strong performance in Q1, both ...

SOUTH AMERICAN COUNTRIES Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominica, Ecuador, El Salvador, Guatemala, Mexico, Panam, Paraguay, Perù, Puerto Rico, Uruguay, Venezuela MAGHREB Algeria, Morocco, Tunisia EUROPE NON-SCHENGEN Switzerland, Ukraine, Turkey, Belarus, Serbia, Albania, Norway, Andorra GULF COUNCIL COUNTRIES (GCC) Kuwait, Qatar, Saudi Arabia, United Arab Emirates, Bahrain, Oman MIDDLE EAST (Excluding GCC) Egypt, Iraq, Israel, Lebanon, Libyan Arab Jamahiriya, Syria Nationalities CE ...

Revenue Growth - Total revenue increased by EUR38.4 million or 68.4% to EUR94.5 million for the three months ended June 30, 2023, compared to EUR56.1 million for the same period in 2022[38]. - TFSS revenue rose by EUR29.1 million or 73.5% to EUR68.6 million for the three months ended June 30, 2023, from EUR39.6 million in 2022, reflecting the recovery of tourism post-COVID-19[40]. - AVPS revenue increased by EUR6.2 million or 49.2% to EUR18.8 million for the three months ended June 30, 2023, from EUR12.6 million in 2022[42]. - RTS revenue grew by EUR3.1 million or 78.0% to EUR7.1 million for the three months ended June 30, 2023, from EUR4.0 million in 2022, driven by new client affiliations and business combinations[44]. - Total Sales in Store (SiS) reached EUR6.2 billion for the three months ended June 30, 2023, up from EUR3.7 billion in 2022, marking a 67.6% increase[26]. - TFSS SiS increased by EUR2.1 billion or 93.9% to EUR4.3 billion for the three months ended June 30, 2023, compared to EUR2.2 billion in 2022[27]. - AVPS SiS rose by EUR0.4 billion or 37.2% to EUR1.5 billion for the three months ended June 30, 2023, from EUR1.1 billion in 2022[30]. Profitability - Operating profit for the three months ended June 30, 2023, was EUR24.4 million, a significant improvement from a loss of EUR6.9 million in 2022[37]. - Profit for the period was EUR9.7 million for the three months ended June 30, 2023, compared to a loss of EUR14.9 million in 2022[37]. - Profit for the period changed by EUR24.6 million, or 164.8%, to a profit of EUR9.7 million for the three months ended June 30, 2023, compared to a loss of EUR14.9 million in 2022[68]. - Adjusted EBITDA increased by EUR21.0 million to EUR27.8 million for the three months ended June 30, 2023, from EUR6.8 million in 2022[70]. - Adjusted Net Income improved by EUR13.7 million, or 118.5%, to a profit of EUR2.1 million for the three months ended June 30, 2023, compared to a loss of EUR11.6 million in the same period of 2022[75]. - Basic earnings per ordinary share for the period was EUR0.04, compared to a loss of EUR0.08 in the same period of 2022[152]. Operating Expenses - Total operating expenses increased by EUR7.1 million, or 11.2%, to EUR70.1 million for the three months ended June 30, 2023, compared to EUR63.0 million for the same period in 2022[47]. - Adjusted operating expenses (excluding exceptional items, depreciation and amortization) rose by EUR17.4 million, or 35.3%, to EUR66.7 million for the three months ended June 30, 2023, from EUR49.3 million in 2022[56]. - Operating expenses for the three months ended June 30, 2023, totaled EUR66.690 million, compared to EUR49.277 million in the previous year, marking an increase of 35%[186]. - Employee benefit expenses rose significantly from EUR24,865 thousand in 2022 to EUR30,907 thousand in 2023, driven by an increase in the average number of employees from 1,475 to 1,834[191]. - Fixed adjusted operating expenses increased by EUR9.1 million, or 26.6%, to EUR43.5 million for the three months ended June 30, 2023, from EUR34.3 million in 2022[61]. - Variable adjusted operating expenses increased by EUR8.3 million, or 55.2%, to EUR23.2 million for the three months ended June 30, 2023, from EUR14.9 million in 2022[59]. Cash Flow and Liquidity - Net cash used in operating activities was EUR42.0 million for the three months ended June 30, 2023, driven by an outflow of net working capital of EUR47.2 million[92]. - Cash and cash equivalents as of June 30, 2023, totaled EUR182.2 million, with additional available liquidity of EUR9.1 million[86]. - The company experienced a net decrease in cash and cash equivalents of EUR57.7 million for the three months ended June 30, 2023[90]. - The company believes its cash and cash equivalents are sufficient to meet liquidity needs for at least the next 12 months[88]. - Global Blue recorded a net working capital outflow of EUR47.2 million for the three months ended June 30, 2023, compared to EUR51.7 million for the same period in 2022, reflecting an increase in trade receivables due to higher TFS Refunding activity[106]. Debt and Financing - The company had EUR789.0 million of interest-bearing loans and borrowings as of June 30, 2023, including EUR625.8 million in long-term financing[87]. - The company’s total interest-bearing loans and borrowings amounted to EUR789.0 million as of June 30, 2023, up from EUR723.2 million as of March 31, 2022[134]. - The Term Loan Facility has a variable interest rate of EURIBOR plus a spread of 2.75% per annum, subject to adjustments based on the company's leverage[122]. - Global Blue's leverage ratio must not exceed 4.50:1 as of September 30, 2023, and 4.25:1 by September 30, 2024, as per the Facilities Agreement[125]. - The company has no financial instruments to hedge interest rate risks associated with its indebtedness under the Facilities Agreement[124]. - Global Blue's liquidity condition requires a minimum of EUR35 million in cash and cash equivalents at the end of each calendar month[127]. Taxation - Income tax expense changed to an expense of EUR4.0 million for the three months ended June 30, 2023, compared to a benefit of EUR2.1 million in 2022[65]. - Adjusted effective tax rate increased to 55.9% for the three months ended June 30, 2023, up from 5.0% in the same period of 2022, primarily due to changes in interest cost deductibility and jurisdictional tax rates[78]. - Current income tax expense increased to EUR5,226 thousand in 2023 from EUR1,083 thousand in 2022, reflecting higher taxable income[199]. Exceptional Items - Exceptional items amounted to a benefit of EUR6.7 million for the three months ended June 30, 2023, compared to a benefit of EUR3.8 million in 2022[55]. - Total exceptional items for the three months ended June 30, 2023, amounted to EUR6,710 thousand, compared to EUR3,785 thousand in 2022, indicating increased non-recurring costs[195]. Assets and Liabilities - Total assets increased to EUR 1.19 billion as of June 30, 2023, compared to EUR 1.16 billion as of March 31, 2023[150]. - Total liabilities rose to EUR 1.17 billion as of June 30, 2023, from EUR 1.15 billion as of March 31, 2023[150].

Global Blue Group Holding AG (NYSE:GB) Q4 2023 Earnings Conference Call June 28, 2023 8:00 AM ET Company Participants Jacques Stern - President and CEO Roxane Dufour - CFO Conference Call Participants Jacques Stern Good morning. I am Jacques Stern, the CEO of Global Blue. And I will today present the Fiscal Year Results '22-'23 with Roxane Dufour, CFO of Global Blue. Before I leave the floor to Roxane, let me first give you the key highlights of this results for '22-'23. First, happy to report significant ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|---------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | 28 June 2023 Financial Update Q4 & FY22/23 | | | | | | | | | | | | | | | 2 Today's Presenters Jacques STERN Joined Global Blue in 2015 ~30 years' experience École Supérieure de Commerce de Lille Chief Financial Officer 2010 – 2015 Chairman and CEO 1988 – 1992 Auditor EXECUTIVE SUMMARY 2 April/ ...

FORM 20-F (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended March 31, 2023 OR GLOBAL BLUE GROUP HOLDING AG ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of Registrant as specified in its charter) OR Switzerlan ...