The TeamViewer stock has had a solid start to the new year and saw an increase, especially after the presentation of the 2023 financial figures. The stock jumped by several percentage points after the numbers were released and is now trading at around 14.70 euros (as of February 12, 2024, approximately 10 am).

Both the numbers for the past year and the forecast for 2024 have convinced investors. Despite the challenging environment, TeamViewer aims to continue growing. Improved margins and debt reduction are currently speaking in favor of the company.

TeamViewer boosts revenue and profit With sales of nearly 627 million euros, TeamViewer had a very successful fiscal year 2023 and generated about 11 percent more revenue than the previous year – the software company has met the lower end of its own forecast.

Things were even better in terms of profit: Net income surprisingly increased by over two-thirds compared to 2022 to 114 million euros. The EBITDA margin even exceeded the targeted 40 percent, reaching around 42 percent.

The company aims to maintain this momentum in the current year, with a revenue growth between 7 and 11 percent (reaching 660 to 685 million euros). They also plan to further increase profitability, with an expected EBITDA margin of 43 percent for the full year 2024.

TeamViewer stock: Better prospects The end of the expensive sponsorship deal with Manchester United will free up important funds for TeamViewer, which can be used for both growth and debt reduction. Both of these factors are expected to benefit the company in the long term. In addition, TeamViewer will continue with share buybacks.

This combination makes the TeamViewer stock attractive for investors. While the outlook for the coming months remains challenging, the numbers for 2023 and the current outlook for 2024 show that the company can continue to grow even in macroeconomically difficult times.

In the second half of the year, TeamViewer is expected to receive another boost in terms of profitability. If this turns out to be true and the environment improves throughout the year, there are certainly opportunities here. Investors should keep an eye on this stock.

Source: https://aktienscreener.com/