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Commerce Dynamics tops IT services category in SponsorUnited report – Financial News

Commerce Dynamics tops IT services category in SponsorUnited report – Financial News
financial-news.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-news.co.uk Daily Mail and Mail on Sunday newspapers.

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Global Blue Reports Strong Q4 and FY2022/23 Financial Results With a Significant Improvement Across All Key Metrics

Significant improvement in Adjusted EBITDA to €78.0M in FY2022/23 vs (€9.9M) in FY2021/22, representing 46% of that of FY2019/20




Strong cash position with ~€240M of cash and cash equivalents as of March 31, 2023




~€211M strategic equity investment from Certares & Knighthead in June 2022, enabling Global Blue to continue pursuing strategic add-on acquisitions and to fund working capital requirements associated with the significant recovery underway




Further acceleration of the recovery in April/May 2023 Tax Free Shopping Issued Sales-in-Store like-for-like1 in Continental Europe (115% in April/May vs. 109% in Q4 FY2022/23) and in Asia Pacific (104% in April/May vs. 87% in Q4 FY2022/23)




Besides the current level of recovery, Global Blue will further benefit from the ongoing Mainland China reopening. Alongside the current and expected recovery, Global Blue should benefit from strong long-term ....

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Memorabilia has become a big business – Financial News

Memorabilia has become a big business – Financial News
financial-news.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-news.co.uk Daily Mail and Mail on Sunday newspapers.

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