Tourism Tax Refund Company Anticipates Travel Surge With Asian Shoppers' Return
Portfolio Pulse from Lekha Gupta
Global Blue Group Holding AG (NYSE:GB) has released its financial guidance and long-term targets for the next three years. The company expects a strong recovery in travel and anticipates adjusted EBITDA of €145 million to €165 million in FY23/24 and over €200 million in FY24/25. The company also expects a normalization in growth starting FY25/26, targeting long-term revenue growth of 8%-12%. Last month, GB reported Q1 FY23/24 revenue growth of 68% Y/Y to €95 million and adjusted EBITDA increase of 300% Y/Y to €28 million.
September 25, 2023 | 2:57 pm
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POSITIVE IMPACT
Global Blue Group's financial guidance indicates strong recovery and growth, which could positively impact its stock price.
The company's strong financial guidance and expected recovery in the travel sector indicate potential growth, which could attract investors and positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100