TeamViewer AG : Q3 Preview: substantial margin improvement as ManU exit takes effect
>Q3 estimates above consensus on the bottom line - We expect TeamViewer to grow revenue by 6.0% y-o-y to € 167.6m which is in line with consensus expectations of € 167.2m. We further expect to see substantial improvement in profitability driven by 1/ lower COGS due to the phase out of € 12.0m in PPA related D&A expenses in H2 which are included in COGS (€ 6m in Q3 and Q4 respectively) and 2/ by the exit from the Manchester United deal showing its effect on marketing e...Teamviewer AG. TeamViewer AG is a Germany-based company engaged in the software development. The Company focuses primarily on the cloud-based technologies that enable online remote support and collaboration globally. The Company offers software solutions to remotely access and connect any computer, tablet, laptop, mobile device and Internet of Things (IoT) endpoint, such us industrial machines to allow remote control, management and monitoring of devices, as well as interaction and collaboration. Its product portfolio includes TeamViewer, TeamViewer Tensor, TeamViewer Pilot, TeamViewer loT, TeamViewer Remote Management, servicecamp and Bizz. The Company has offices in Europe, the United States and Asia Pacific.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.