![]() ![]() For example, Mitsubishi Electric Europe uses TeamViewer's AR support solution in its offices across Central and Eastern Europe to enhance customer support experience and improve repair processes for their industrial control systems, drives, and robots. Increasingly, large organizations are using TeamViewer for operational technology (OT) use cases including IoT and Augmented Reality (AR) technology. TeamViewer's subscriber base grew to 603,000, including 2,058 enterprise customers with a yearly contract value above EUR 10,000. ![]() Key growth drivers for TeamViewer were the strong customer retention and continued expansion of the enterprise business. This underlines TeamViewer's unique financial profile of high growth combined with exceptional profitability. Adjusted EBITDA increased to EUR 90.0m, up 22% year-on-year, leading to a very strong adjusted EBITDA margin of 61.4%. As a result, TeamViewer grew its Q1 billings by nearly 50% on average over two consecutive years. This is on top of an exceptionally strong Q1 in the prior year driven by significant extra demand after the outbreak of the COVID-19 pandemic. In the first quarter of 2021 TeamViewer recorded billings growth at constant currencies of 26% to EUR 146.6m. We embedded ESG in our financing, set the target to become climate neutral by 2030 latest and have received the confirmation by leading sustainability scientists that our offering helps our customers and users to significantly reduce their carbon footprint.» «On top of an outstanding growth against an extremely strong comparative quarter last year, we were also able to significantly drive our ESG agenda in the first three months of 2021. Together with our investments in the enterprise segment and our recent acquisitions in adjacent markets, these strategic decisions put TeamViewer in a pole position to grow stronger for longer - to the benefit of all our stakeholders.» With two landmark sport partnerships we are investing significantly in our brand as well as in the marketing of our broadened solutions portfolio across all customer segments. We are delivering sustainable growth combined with high profitability and will continue to do so which underpins the strength of our business model. «In the first quarter, we have continued our remarkable growth path, while setting the strategic course to build a truly global tech brand. 1) Growth at constant currency 2) Last twelve months as of 31 March ![]()
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