DGAP-Adhoc: TeamViewer AG: Accelerated Billings Growth Q1 2020, Outlook for FY 2020 unchanged
DGAP-Ad-hoc: TeamViewer AG / Key word(s): Incoming Orders
TeamViewer AG: Accelerated Billings Growth Q1 2020, Outlook for FY 2020 unchanged
23-March-2020 / 14:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information according to Article 17 of Regulation (EU) No 596/2014 on market abuse (MAR)
TeamViewer AG: Accelerated Billings Growth Q1 2020, Outlook for FY 2020 unchanged
Göppingen, March 23, 2020 - Due to significant additional demand for remote access and home working solutions since the aggravation of the Coronavirus outbreak to a pandemic in March, TeamViewer AG ("TeamViewer") is currently experiencing substantially elevated billings. In conjunction with a good start into the first quarter during January and February, this results in an accelerated billings increase in the first quarter and TeamViewer projects a Q1 2020 billings year-over-year growth rate of 60% or more.
From today's perspective, TeamViewer considers this a temporary development. Therefore, and particularly in view of the very uncertain environment and the not foreseeable general economic repercussions of the corona crisis, the outlook for the full year 2020 remains unchanged.
The publication of the Q1 2020 quarterly statement is scheduled for May 12, 2020.
Contact:
Carsten Keller
Head of Investor Relations and Capital Markets
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