• Global Exchange obtained an EBITDA of 14.8 million euros in 2017
• Global Exchange closes 2017 with an earning before taxes (EBT) of 9 million euros
• It has opened branches in two new countries: Hong Kong and Turkey
Salamanca, 11 de abril de 2018.- Global Exchange, the Spanish multinational company specialized in offering foreign exchange services at international airports and other major tourist destinations over the five continents, has closed the year 2017 with an EBITDA of 14.8 million euros and an earning before taxes of 9 million euros, in spite of a negative impact of 1 million euros caused by the exchange differences.
In 2017, Global Exchange managed a volume of 1,024 million euros of foreign currency sale and purchase, 20% more than the previous year. This figure has been boosted by an increase in the number of Customers served, reaching up to 5.5 million Customers throughout the world. Besides the positive economic results, last January 2017 the company closed a syndicated loan of 35 million euros that secures the financial resources necessary for undertaking its investments and facing its expansion plans comfortably during the following years.
Isidoro J. Alanís, Global Exchange president, has underlined the positive value of the results from the 2017 financial year, marked by the company’s organic growth and by the entrance in new strategic markets such as Hong Kong and Turkey. “This year, in the new openings we have managed to rightly combine the most avant-garde design with the highest quality standards in the world in the new openings. For that matter, we have strengthened the company’s R&D area with the purpose of improving the technological development”, sais Alanís.
About Global Exchange
Global Exchange is a Spanish multinational of world-wide renoun that provides currency exchange services to tourists at international airports and other major tourist destinations. Founded in 1996 in Fuentes de Oñoro (Salamanca), Global Exchange is present in Brazil, Colombia, Costa Rica, Denmark, Dominican Republic, Ecuador, Guatemala, Jamaica, Jordan, Mexico, Morocco, Nicaragua, Paraguay, Spain, Switzerland, Trinidad & Tobago, Uruguay, Russia, Australia, Hong Kong and Turkey through a branch network of 255 branches in 55 international airports ober the five continents. The company serves around 5,5 million Customers annually and has a multicultural staff with over 2,000 employees.
Tel. 923 28 13 18