TeamViewer jumps after Q4 beat

TeamViewer SE

07/02/2024 08:09

** TeamViewer's  TMV.DE  shares jump around 10% after the
German software developer reported higher-than-expected
fourth-quarter revenue and earnings
    ** Revenue rose 8% to 163 million euros  ($175.52 million),
slightly above analysts' forecast of 160 million euros,
according to LSEG data
    ** Its adjusted EBITDA came in 2.5% ahead of consensus,
according to J.P Morgan
    ** The firm's 2024 guidance for revenues of 660-685 million
euros and an adjusted EBITDA margin of at least 43% is in line
with consensus, the brokerage says
    ** "Overall results look solid in the context of concerns
around the Q4 delivery and the 2024 guidance," it adds
    ** The stock is among the top performers on Germany's
mid-caps index  .MDAXI ; if gains hold it will see its best day
since August 2023


($1 = 0.9287 euros)

 (Reporting by Tristan Veyet and Paolo Laudani)
 ((Tristan.chabba@thmsonreuters.com))