Teamviewer: Better Than Expected. The Enterprise Business has Grown by 19% and Recorded new Major Industrial Orders!
The enterprise segment has grown by 19%. There is a high level of interest in the software for remote maintenance and AR. Customers are increasingly entering into contracts with longer terms! The margin will increase significantly from the 3rd quarter due to the reduced ManU sponsorship. Teamviewer generates strong free cash flows. The P/E25e of 13.5 is favorable. Teamviewer (A2YN90) is on the verge of a comeback, as growth in the enterprise business is convincing and interest in Teamviewer solutions is increasing. In the second quarter, Teamviewer...
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'post_content' => 'The enterprise segment has grown by 19%. There is a high level of interest in the software for remote maintenance and AR. Customers are increasingly entering into contracts with longer terms!
The margin will increase significantly from the 3rd quarter due to the reduced ManU sponsorship. Teamviewer generates strong free cash flows. The P/E25e of 13.5 is favorable.
Teamviewer (A2YN90) is on the verge of a comeback, as growth in the enterprise business is convincing and interest in Teamviewer solutions is increasing. In the second quarter, Teamviewer grew by €164.1 million. EBIT increased by 17% to €45.9 million . The margin thus improved from 26% to 28%. The important key account business performed well with 19% growth to €35.1 million and billings even increased by 29%. The company has a total of 642,000 customers.
The company was pleased with the important enterprise business, which performed particularly well and was accompanied by an above-average number of high contract volumes. Important: "There was a high level of interest in our software solutions, particularly in the industrial environment, and customers are increasingly concluding contracts with longer terms." For example, the Performance Food Group, a leading US food and beverage supplier, relies on the Tensor solution for the remote maintenance of industrial refrigeration systems. Two US market leaders in the pharmaceutical and consumer goods sectors use the Frontline vision picking solution for order picking in their warehouses. In view of networking and the shortage of skilled workers, Teamviewer\'s industrial solutions are becoming very useful for more and more companies.
Teamviewer\'s outlook is for revenues of €660-685 million and an EBITDA margin of at least 43%, as profitability will increase significantly from Q3 onwards due to the reduced ManU sponsorship. The P/E ratio would be around 16 and should fall to 13.5 next year. The share is cheaply valued. If growth picks up over the course of the year, the lows should be marked. The momentum in the enterprise segment and the growing interest in Teamviewer solutions on the part of the industry are encouraging.
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