On the occasion of today's release, the company will hold a conference call today at 4 pm CEST. Investor/analyst inquiries Daniel Fard-Yazdani Head of Investor Relations Phone: +49 7161 97200 81 E-Mail: Media inquiries Martina Dier Director Communications Phone: +49 7161 60692 410 E-Mail: and Explanation of the Issuer to this News: Following the revision of billings growth, the adjusted EBITDA margin for the current business year is consequently also adjusted and is now expected to be at 44% to 46% (prior: 49% to 51%).Īll information contained in this release is preliminary and unaudited. The guidance for revenues is changed to EUR 495m to EUR 505m (prior guidance: lower end of range of EUR 525m to EUR 540m) for the full year 2021. Overall, billings growth improved significantly towards the end of the quarter.īased on the billings growth year-to-date and the current conversion rate of prospective large deals in the Enterprise business, TeamViewer adjusts its outlook for the full year and now expects billings of between EUR 535m to EUR 555m (so far: lower end of range of EUR 585m to EUR 605m). Subscriber churn improved to 14.6% in Q3 2021. The contribution from large Enterprise deals grew significantly, however at a slower than expected rate. NRR in the last twelve months thereby reached c. The expected quarter-on-quarter improvement of the net retention rate (NRR) materialized with NRR of nearly 100% in Q3 2021 vs.
Due to the billings' shortfall and the cost ramp up, the adjusted EBITDA margin amounts to around 34% for the third quarter and approximately 48% for 9M 2021. In Q3 2021, TeamViewer generated billings of around EUR 126m, up around 18% reported and 18% cc, thereby showing higher year-on-year growth compared to Q2 2021 but still below its own projections of at least 20% year-over-year quarterly billings growth in 2021.
Goppingen, 6 October 2021 - Following an initial review of its financial performance, TeamViewer AG announces preliminary financial results for the quarter ending 30 September 2021. FY 2021 adjusted EBITDA margin now expected at around 44% to 46%. Full-year 2021 billings guidance adjusted to EUR 535m to EUR 555m and revenue guidance to EUR 495m to EUR505m. Solid growth in Enterprise but below expectations. Subscriber churn improving, recovery of net retention rate as expected. Billings growth up around 18% YoY and 18% at constant currencies (cc). TeamViewer discloses preliminary Q3 2021 results and adjusts guidance. The issuer is solely responsible for the content of this announcement.ĭisclosure of an inside information according to Article 17 of Regulation (EU) No 596/2014 on market abuse (MAR) to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. DGAP-Ad-hoc: TeamViewer AG / Key word(s): Preliminary Results/Change in Forecast TeamViewer AG: 0 / 14:19 CET/CEST Disclosure of an inside information acc.
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