Acquisition by Shift4
Global Blue was acquired by Shift4 for $7.50 per common share, a 15% premium over the closing share price, valuing the company at an enterprise value of $2.5 billion.
Strong Revenue Growth
The Group delivered revenue of 131 million Euros in Q3, a 20% year-on-year increase, with significant progress across all divisions.
Impressive EBITDA Increase
Adjusted EBITDA increased by 31% year-on-year to 52 million Euros, resulting in an improvement in adjusted EBITDA margin of 3.4 points to 39.7%.
Tax Free Shopping Solutions Growth
Tax Free Shopping Solutions accounted for 74% of Group revenue, with a revenue growth of 22% to 98 million Euros and completed Sales-in-Stores growth of 21%.
Improvement in Net Income
Group adjusted net income increased by 58% to 14 million Euros compared to 9 million Euros last year.
Reduction in Net Leverage Ratio
Net leverage ratio improved to 2.6 times from 3.6 times last year, showing a significant improvement in financial health.