Global Blue Group Holding AG (GB), a payment and financial solutions provider, on Wednesday posted first-quarter adjusted net income Group share of 6.1 million euros, compared with 2.1 million euros, posted for the same period last year.
Excluding items, profit before tax stood at 16.8 million euros, compared with 8.1 million euros in 2023.
Revenue increased to 117.8 million euros from 94.5 million euros a year ago.
The Board has approved up to $10 million share repurchase program over the next six months. No shares will be purchased from Silver Lake or its affiliates.
Global Blue plans to use its existing cash to fund the proposed share repurchase.
Looking ahead to the full year, the company has reaffirmed its annual adjusted EBITDA outlook of over 200 million euros.
GB was trading up by 3.81 percent at $4.900 in the pre-market trade on the New York Stock Exchange.
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