![]() If the contract is terminated, the MDAX-listed company would thus save itself EUR 49 million annually in marketing expenses until 2026, which will lead to a significant increase in margins. Nevertheless, the question must be seriously asked once again why such a deal with a total volume of EUR 275 million over five years, which is more than any team has ever received for shirt sponsorship, even in England, was able to go through at all for reasons of commercial prudence. ![]() ![]() But that could soon be the end, which should represent a liberation blow for the Goeppingen-based company and have a correspondingly positive impact on profitability. The TeamViewer logo still adorns the Manchester United shirt. Source: TeamViewer AG Ronaldo gone, TeamViewer asks for release Management and employees of TeamViewer are optimistic about the future. A special effect could be provided by the early exit from the high-dollar sponsorship contract, which offers "significant potential for an increase in margins". The adjusted EBITDA margin is expected to be around the 40% mark. Thus, despite the ongoing macroeconomic uncertainties, the Goeppingen-based company expects double-digit revenue growth within a range of 10% to 14%, which equates to a range between EUR 620 million and EUR 645 million. TeamViewer, therefore, expects demand for its connectivity and workflow solutions to remain high. The team around CEO Oliver Steil continues to be optimistic for the coming year. Compared to the previous year, this increased from EUR 0.25 to EUR 0.37, which is due to the lower average number of outstanding shares following the repurchase of treasury stock. Earnings per share are not very comparable. Adjusted EBITDA on revenue climbed 9% to EUR 229.8 million, with net profit up 35% to EUR 67.6 million. Paying customers increased marginally year-on-year from 617,000 to 626,000. Revenue increased 13% to EUR 565.9 million with an EBITDA margin of 42%. Billings, revenues billed to customers, increased by 16% year-on-year to EUR 634.8 million in fiscal year 2022. That TeamViewer would close 2022 on a solid note was already known from the preliminary figures published in January.
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