#Teamviewer stock price free

We clearly now want to adopt a more cautious approach in our thinking and forecasting. I think we have certainly been too bullish and too ambitious on some of them.

And it’s clear that we can’t compensate for this in the remainder of this year anymore, and hence the guidance change. We have been too ambitious on a number of the factors. And I think, today, we have to concede that you were right. Some of the deals didn’t came through, some came in smaller, some flipped to the next quarter.Ĭlearly, we know that some of you have been sceptical about our ambition level for the second half of the year for a while now. So basically, with the very bad results in Q3, this took away the chance to meet our full-year guidance. So clearly, Stefan and I and the management team, we do regret that this didn’t work out. We really had high ambitions and we were putting a lot of effort, after Q1 and Q2, into this third quarter to make sure that we deliver on our expectations and the guidance. As you can imagine, not the least for us. Yes, clearly very bad quarterly results which we published today, very disappointing. I have also dialed in and now, a few weeks later, I find the statements brutally honest – which I respect very much! Below you will find some excerpts from the transcriptof the press conference. Management was very honest with its reasoning for the poor numbers and didn’t really try to gloss over the numbers. The company therefore no longer wants to address this market segment as strongly, but rather focus primarily on the high-priced segments.

#Teamviewer stock price free

Especially in the low-price segment, there is a lot of free competition to TeamViewer. The pandemic has given the entire sector a boost and increased competition.The complete free-to-paid potential has been minimized as a result. The normalization after the COVID-19 pandemic has mainly reduced the free user growth.TeamViewer seems to have been too euphoric in hiring people that the company does not need.

Too rapid growth in staff has squeezed the margin.

TeamViewer adjusted its guidance The reasons for the poor performanceĪccording to management, the main reasons for the poor performance were as follows: Now it only expects high teens percentage growth. Here, the company has always assumed growth of more than 25 percent per year. The expected growth in billings is particularly affected. TeamViewer has also adjusted its guidance for the coming years. Due to the changed outlook for billings growth, TeamViewer also adjusted its Adjusted EBITDA margin outlook to between 44 percent and 46 percent (previously: 49 percent to 51 percent). According to the new outlook, sales should be between EUR 495 million and EUR 505 million (previously: at the lower end of the range of EUR 525 million to EUR 540 million). The company now expects billings between EUR 535 million and EUR 555 million (previously: at the lower end of the range of EUR 585 million to EUR 605 million). The addition of just 5,000 new customers was also an absolute disappointment.Ĭonsequently, TeamViewer had to adjust its outlook for the fiscal year 2021.

Businesses with large customers developed more slowly than expected. According to its own forecast for the current year, the company had envisaged growth of at least 20 percent. Nevertheless, the management had expected more. In addition, TeamViewer has the same growth momentum as in the same period of the previous year. After all, this is more than in the second quarter. In the third quarter of 2021, TeamViewer generated billings of around EUR 126 million. Now, of course, everything is under scrutiny, in the company itself and among investors! Some investors have asked me how I am reacting to the share price development. And so, the preliminary results for the third quarter pulled the plug on the TeamViewer stock, causing a share price crash of more than 50 percent. While the second quarter was already not that good, the company now fell completely short of its own forecasts. TeamViewer has completely lost its mojo lately.