GB - Global Blue Group Holding AG (GB) Q3 2024 Earnings Call Transcript
2024-02-24 15:01:03 ET
Global Blue Group Holding AG (GB)
Q3 2024 Results Conference Call
February 23, 2024 08:00 AM ET
Company Participants
Jacques Stern - CEO
Roxane Dufour - CFO
Frances Gibbons - Head of IR
Presentation
Jacques Stern
Good morning. Good afternoon. I am, today with Roxanne Dufour, CFO of the group. I am Jacques Stern, the CEO of the group, and we will comment to you our Q3 figures. I will start by an executive summary to draw the main key points to have in mind.
First, the first nine months of the year has been strong in terms of revenue with 41% increase. The EBITDA at the end of nine months have increased by 103% at €115 million and this translates a drop through of the revenue into adjusted EBITDA of 62.8%. We are also in this Q3, seeing an acceleration of the annualized adjusted EBITDA at €159 million.
Roxane will comment on that. And if we go to January figures, the January have confirmed the strength of the recovery in continental Europe with a recovery of 125% versus 118% in Q3, and same in APAC with a recovery which is now reaching 161% of 2019 in January versus from 115% in Q3. I will give you much more information on that in the coming minutes....
Global Blue Group Holding AG (GB) Q3 2024 Earnings Call Transcript