Teamviewer exceeds sales and profit expectations: reduce financial debt and solid figures

Teamviewer exceeds sales and profit expectations: reduce financial debt and solid figures

According to a report by stock3.com, Teamviewer increased sales to EUR 626.7 million in the last financial year and improved the adjusted EBITDA margin to 42%. In the fourth quarter, sales increased by 8% to EUR 163.1 million, meaning Teamviewer exceeded analysts' estimates.

The planned increase in margin is in line with expectations, and analysts expect an increase in sales of around 8% on average. The operating cash flow was approximately EUR 230 million, and the company was able to continue to earn money and, among other things, finance its share buyback program and reduce financial debt.

Teamviewer continues to grow, particularly in the enterprise sector, and has significantly increased the number of customers. However, the small and medium-sized business sector is still very dominant.

Teamviewer is expected to achieve revenue growth of between 7 and 11% in the 2024 fiscal year and aims to increase its adjusted EBITDA margin to at least 43%.

The current figures show that Teamviewer has achieved solid results that exceed expectations. This could have a positive effect on Teamviewer shares, especially if the company can also convince in the analyst call.

The present forecast tables show that the company expects significant sales and profit growth, which could also have an impact on the market and the financial industry.

It remains to be seen how Teamviewer will develop in the coming quarters and whether the company can achieve its goals for the 2024 financial year.