TeamViewer AG New Principal Shirt Partner of Manchester United
20 March 2021 - 12:40AM
RNS Non-Regulatory
TIDM0A36
TeamViewer AG
19 March 2021
Disclosure of an inside information according to Article 17 of
Regulation (EU) No 596/2014 on market abuse (MAR)
TeamViewer to Become New Principal Shirt Partner of Manchester
United Football Club
Goppingen, March 19, 2021 - TeamViewer has signed a five-year
agreement to become Manchester United's new principal shirt
partner. With this agreement as well as additional strategic global
marketing partnerships, TeamViewer invests significantly in its
global brand positioning. This will accelerate the marketing of the
broadened use case portfolio and thereby drive sustainable sales
growth across all regions and customer segments. The collaboration
will leverage TeamViewer's recent acquisitions in adjacent areas
and will be a key pillar to grow stronger for longer.
The TeamViewer brand logo will feature on the front of the most
iconic and best-selling club shirt, for both the men's and women's
teams. In addition to comprehensive branding rights, the
partnership encompasses projects across the entire Manchester
United franchise including process digitalization with IoT and
Augmented Reality applications, data analytics and immersive fan
experiences.
Manchester United is one of the most popular and successful
sports teams winning 66 trophies through its 143-year football
heritage and has built an active global community of 1.1 billion
fans and followers.
Due to the resulting significant increase in marketing
expenditure, TeamViewer revises its adjusted EBITDA margin guidance
for the fiscal year 2021 to 49 - 51% of billings and projects the
adjusted EBITDA margin to remain around 50% over the medium
term.
IMPORTANT NOTICE
Certain statements in this communication may constitute forward
looking statements. These statements are based on assumptions that
are believed to be reasonable at the time they are made, and are
subject to significant risks and uncertainties, including, but not
limited to, those risks and uncertainties described in TeamViewer's
disclosures. You should not rely on these forward-looking
statements as predictions of future events and we undertake no
obligation to update or revise these statements. Our actual results
may differ materially and adversely from any forward-looking
statements discussed in these statements due to several factors,
including without limitation, risks from macroeconomic
developments, external fraud, lack of innovation capabilities,
inadequate data security and changes in competition levels.
Alternative performance measures (APMs)
This document contains certain alternative performance measures
(collectively, "APMs") including billings and Adjusted EBITDA that
are not required by, or presented in accordance with, IFRS, German
GAAP or any other generally accepted accounting principles.
TeamViewer presents APMs because they are used by management in
monitoring, evaluating and managing its business and management
believes these measures provide an enhanced understanding of
TeamViewer's underlying results and related trends. The definitions
of the APMs may not be comparable to other similarly titled
measures of other companies and have limitations as analytical
tools and should, therefore, not be considered in isolation or as a
substitute for analysis of TeamViewer's operating results as
reported under IFRS or German GAAP. APMs such as billings and
Adjusted EBITDA are not measurements of TeamViewer's performance or
liquidity under IFRS or German GAAP and should not be considered as
alternatives to results for the period or any other performance
measures derived in accordance with IFRS, German GAAP or any other
generally accepted accounting principles or as alternatives to cash
flow from operating, investing or financing activities.
TeamViewer has defined each of the following APMs as
follows:
"Billings" represent the (net) value of goods and services
invoiced to customers in a given period whose realization is
probable - it is defined as revenue adjusted for change in deferred
revenue P&L-effective; "Adjusted EBITDA" means EBITDA, adjusted
for P&L-effective changes in deferred revenue as well as for
certain special items relating to share based compensations and
other material items that are not reflective of the operating
performance of the business;
"Adjusted EBITDA margin" means Adjusted EBITDA as a percentage
of billings.
Contact:
Carsten Keller
Head of Investor Relations and Capital Markets
End of ad hoc announcement
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