German TeamViewer posts mid-term targets after completing 1E acquisition

TeamViewer SE

12/02/2025 06:34

Feb 12 (Reuters) - German software developer TeamViewer
 TMV.DE  posted on Wednesday mid-term revenue growth targets
after it closed its acquisition of IT firm 1E.
    TeamViewer forecasts revenue in 2028 to be between 1.03
billion and 1.06 billion euros ($1.07-$1.10 billion) with an
adjusted EBITDA margin forecast of 44%-45%.
    The company generated revenue of 671 million euros in the
fiscal year 2024, while the adjusted EBITDA margin stood at 44%.
    In December, Teamviewer announced the acquisition of
London-based IT firm 1E for $720 million. 
    1E develops products that detect IT issues, with Adidas
 ADSGn.DE  and AT&T  T.N  among those listed as customers on its
website.
    ($1 = 0.9653 euros)

 (Reporting by Amir Orusov; Editing by Christian Schmollinger)
 ((Amir.orusov@thomsonreuters.com))