TeamViewer AG (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. In 2020, TeamViewer achieved billings of EUR 460 million. The company is headquartered in Goppingen, Germany, and employs more than 1,400 people globally.
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Since the company's foundation in 2005, TeamViewer's software has been installed on more than 2.5 billion devices around the world. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence.
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Although TeamViewer is free of charge for private use, it has more than 600,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind - from laptops and mobile phones to industrial machines and robots. A replay as well as the accompanying presentation will be available on ir. Senior management will host an analyst and investor conference call at 9:00 CEST on 3 August 2021 which will be webcast live at /teamviewer20210803. The company remains in quiet period until the release of its complete second quarter and half-year 2021 results on 3 August 2021. The company still projects an adjusted EBITDA margin between 49% and 51%.Īll information contained in this release is preliminary and unaudited. EUR 67m.Ĭonsidering the strong trading momentum at the end of the quarter, TeamViewer confirms its 2021 outlook, albeit towards the lower end of the expected billings and revenue ranges. Over this period, enterprise billings grew about 65% to c. The number of enterprise customers with an annual contract value of more than EUR 10,000 increased by approximately 55% during the last twelve months. 623,000 subscribers, up around 17% compared to 30 June 2020. In addition to the successful customer retention (customer churn consistently low at around 15% LTM), TeamViewer increased its subscriber base during the second quarter by c. In June, trading momentum improved significantly, driven by a rebound of renewal values and a very strong enterprise pipeline conversion. While the company retained most of the new subscribers from the first wave of the 2020 lockdown, those renewal values in April and May were lower than initially anticipated. EUR 56.6m, resulting in an adjusted EBITDA margin of around 47% for the second quarter and approximately 55% for the first half 2021, reflecting continued growth investments and expected seasonality.Īs previously disclosed, the COVID-19 pandemic has significantly altered historical demand trends.
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IFRS revenue excluding discontinued perpetual license sales, grew around 20% to EUR 122.3m. EUR 121.6m, up around 15% reported and around 18% cc, which is below its own projections of at least 20% quarterly billings growth. In the second quarter, TeamViewer expects billings of c. Goppingen, 8 July 2021 - Following an initial review of its financial performance, TeamViewer AG announced preliminary financial results for the quarter ending 30 June 2021. Outlook for 2021 confirmed in light of very positive trading momentum in June guidance towards lower end of the expected billings and revenue ranges Strong subscriber growth across all customer segments High retention of lockdown customer cohort reflected in consistently low churn rate, but lower renewal values
IFRS revenue in line with expectations annual recurring revenue grew around 20% Billings up around 15% reported and around 18% at constant currencies (cc) year-over-year, below its own projections of at least 20% quarterly billings growth TeamViewer discloses preliminary Q2 2021 results Disclosure of an inside information according to Article 17 of Regulation (EU) No 596/2014 on market abuse (MAR)
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