Global Blue Group Holding AG (GB), a Swiss software company, Friday reported higher adjusted profit before tax and revenue for the third quarter compared to the same period last year.
Further, the company confirmed its outlook for fiscal 2023.
Quarterly adjusted profit before tax was 18.1 million euros compared with 11.1 million euros in the last year.
Adjusted EBITDA was 39.8 million euros higher than 24.1 million euros in the previous year, bringing the adjusted EBITDA margin to 36.3 percent from 27.8 percent.
Revenue surged 26.2 percent to 109.4 million euros from 86.7 million euros in the prior year, on a strong performance across all business lines.
Looking forward to the full year, the company continues to expects adjusted EBITDA of 145 million euros to 165 million.
The company added that Tencent, a Chinese multimedia company, has agreed to invest $100 million in Global Blue common equity.
On Thursday, Global Blue shares closed at $4.71 on the New York Stock Exchange.
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