Earnings Call Summary | Global Blue(GB.US) Q3 2024 Earnings Conference
Earnings Call Summary | Global Blue(GB.US) Q3 2024 Earnings Conference
The following is a summary of the Global Blue Group Holding AG (GB) Q3 2024 Earnings Call Transcript:
Financial Performance:
Global Blue reported a 41% increase in revenue for the first nine months, and EBITDA increased by 103% to €115 million.
The company expects an acceleration of annualized adjusted EBITDA at €159 million.
Global Blue completed debt refinancing with a new senior debt of €610 million and free cash flow of nearly €100 million.
The net leverage ratio significantly improved from over 6x to 3.6x, with a target to go below 2.5x.
For Q3, the company reported an increase of €1.5 billion in store sales and a 26.2% increase in group revenue to €109.4 million.
Adjusted net income for Q3 rose to €9.1 million from €6.6 million the previous year.
For the nine-month period, group revenue increased by 41% to €317 million and adjusted EBITDA rose significantly to €115 million.
Business Progress:
Global Blue confirmed recovery in both the European and APAC regions and strong international spending from US and Gulf country shoppers.
Despite visa issuing and high flight cost constraints, the company expects continuous improvement, especially from the Chinese market.
Q3 saw strong performance in TFS, AVPS, and RTS divisions.
The company successfully acquired ZigZag and consolidated Yogoda and ShipUp, driving RTS revenue increase by 11.6% to €6.8 million.
Global Blue confirmed no significant impact from inflation or recession, attributing this to their business model and high net worth consumer base.
The company raised €45 million from Tencent via a strategic equity investment.
More details: Global Blue IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the Global Blue Group Holding AG (GB) Q3 2024 Earnings Call Transcript:
以下是環球藍集團控股股份公司(GB)2024年第三季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Global Blue reported a 41% increase in revenue for the first nine months, and EBITDA increased by 103% to €115 million.
The company expects an acceleration of annualized adjusted EBITDA at €159 million.
Global Blue completed debt refinancing with a new senior debt of €610 million and free cash flow of nearly €100 million.
The net leverage ratio significantly improved from over 6x to 3.6x, with a target to go below 2.5x.
For Q3, the company reported an increase of €1.5 billion in store sales and a 26.2% increase in group revenue to €109.4 million.
Adjusted net income for Q3 rose to €9.1 million from €6.6 million the previous year.
For the nine-month period, group revenue increased by 41% to €317 million and adjusted EBITDA rose significantly to €115 million.
環球藍聯報告稱,前九個月的收入增長了41%,息稅折舊攤銷前利潤增長了103%,達到1.15億歐元。
該公司預計,年化調整後息稅折舊攤銷前利潤將加速至1.59億歐元。
環球藍聯完成了債務再融資,新的優先債務爲6.1億歐元,自由現金流接近1億歐元。
淨槓桿率從6倍以上顯著提高到3.6倍,目標是低於2.5倍。
該公司報告稱,第三季度門店銷售額增長了15億歐元,集團收入增長了26.2%,達到1.094億歐元。
第三季度調整後的淨收入從去年的660萬歐元增至910萬歐元。
在九個月期間,集團收入增長了41%,達到3.17億歐元,調整後的息稅折舊攤銷前利潤大幅增長至1.15億歐元。
Business Progress:
業務進展:
Global Blue confirmed recovery in both the European and APAC regions and strong international spending from US and Gulf country shoppers.
Despite visa issuing and high flight cost constraints, the company expects continuous improvement, especially from the Chinese market.
Q3 saw strong performance in TFS, AVPS, and RTS divisions.
The company successfully acquired ZigZag and consolidated Yogoda and ShipUp, driving RTS revenue increase by 11.6% to €6.8 million.
Global Blue confirmed no significant impact from inflation or recession, attributing this to their business model and high net worth consumer base.
The company raised €45 million from Tencent via a strategic equity investment.
環球藍聯證實歐洲和亞太地區均出現復甦,美國和海灣國家購物者的國際支出強勁。
儘管簽證簽發和高昂的飛行成本限制,但該公司預計會持續改善,尤其是中國市場的改善。
第三季度在 TFS、AVPS 和 RTS 部門表現強勁。
該公司成功收購了ZigZag併合並了Yogoda和ShipUp,使RTS收入增長了11.6%,達到680萬歐元。
Global Blue證實通貨膨脹或經濟衰退沒有產生重大影響,這歸因於他們的商業模式和高淨值消費者群。
該公司通過戰略股權投資從騰訊籌集了4500萬歐元。
More details: Global Blue IR
更多詳情: 環球藍紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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