Global Blue Group Holding AG has reported a significant increase in profit for the financial year ended March 31, 2025. The company's profit surged by EUR72.6 million, or 347.0%, reaching EUR93.6 million, compared to EUR20.9 million in the previous financial year. This substantial growth in profit was attributed to various factors influencing the company's operations. Global Blue, renowned for establishing the concept of Tax Free Shopping in 1980, continues to solidify its position as a leader in the industry. In addition to its core operations, the company is focusing on monetizing certain aspects of the shopping journey, offering opportunities to expand its value proposition through paid returns or value-added services. The reported results are prepared in accordance with IFRS Accounting Standards as stipulated by the International Accounting Standards Board. While specific outlook or guidance was not detailed in the current document, the company's use of non-IFRS measures indicates a focus on closely monitoring and analyzing its performance in alignment with industry practices.
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