Especially in times like these, our balance sheet gives us a competitive edge against peers.» Looking back at the past quarters, we clearly did our homework, optimized bottom line results and thus preserve our outstanding profitability. A repayment of higher interest-bearing debt and optimized terms for remaining long-term debt enhance our flexibility going forward whilst reducing overall costs. In addition, our highly cash-generative business allowed us to significantly improve our financing structure. «Our growth and profitability remain very attractive. However, fundamental demand for solutions that drive the digitalization of businesses is intact as reflected in a growing deal pipeline.» At the same time, the current macroeconomic environment has led decision makers to apply caution and partly postpone deals, which resulted in a softer order intake. Further, we are proud to have teamed up with Siemens, thus expanding TeamViewer’s strategic partnerships and opening up new sales channels. Our strong performance in AMERICAS proved the benefits of our globally diversified structure. «We have delivered robust results with revenue in line with market expectations and better than expected profitability. Overall macroeconomic uncertainty reflected in prolonged customer decision-making and softer order intake On the back of strong financials: repayment of debt to reduce interest costs and new revolving debt facility with extended maturity Siemens partnership sealed, embedding TeamViewer Frontline and opening new sales channels
Improved performance in SMB business up 10% yoy in Q2, supported by resumption of monetization campaignsĮnterprise billings up 21% yoy at EUR 26.9m in spite of increasingly challenging market environment EBITDA margin of 47.2%, above expectations Q2 revenue up 12% yoy at EUR 137.5m, H1 revenue up 13% The issuer is solely responsible for the content of this announcement.ĭouble-digit billings growth in Q2 with 12% yoy (7% cc) to EUR 136.1m, H1 billings growth at 12% yoy (8% cc) to EUR 299.6m Q2/H1 2022: TeamViewer with continued strong profitability and 12% topline growth amid macroeconomic uncertainties DGAP-News: TeamViewer AG / Key word(s): Quarterly / Interim Statement
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