EQS-News: TeamViewer SE: TeamViewer to reduce scope of Manchester United partnership effective from the start of the 2024/2025 season with significant positive effect on profitabilityEQS
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EQS-News: TeamViewer SE
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TeamViewer to reduce scope of Manchester United partnership effective from the start of the 2024/2025 season with significant positive effect on profitability
Goppingen/GERMANY, 13 September, 2023 – Following the announcement by Manchester United about its new front of shirt partner, TeamViewer will step into a new role within Manchester United’s partner ecosystem, effective from the start of the 2024/2025 season.
This will lead to substantial savings in TeamViewer’s marketing expense. While part of the savings will be re-invested in other branding and targeted marketing initiatives, the remainder will have a positive effect on TeamViewer’s adjusted revenue EBITDA of approximately EUR 17.5m in 2024 and approximately EUR 35m in 2025.
Remaining part of Manchester United’s partner ecosystem until end of the season 2025/2026 will enable TeamViewer to continue its brand-building efforts, benefiting from Manchester United’s unique platform. The new partnership scope will include advertising on digital channels as well as in the stadium, hospitality and events and continued joint technology use cases demonstrating the power of TeamViewer’s solutions. This enables TeamViewer to continuously increase brand awareness and reach new audiences.
In December 2022, TeamViewer and Manchester United announced they had reached a mutually beneficial agreement under which Manchester United had the option to buy back the rights to the club’s front of shirt sponsorship. This allowed the football club to commence a focused sales process for a new long-term front of shirt partner which has now been completed.
TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has more than 630,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company’s foundation in 2005, TeamViewer’s software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs more than 1,400 people globally. In 2022, TeamViewer achieved a revenue of around EUR 566m. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and is a member of the MDAX. Further information can be found at www.teamviewer.com.
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 TeamViewer’s 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. TeamViewer undertakes no obligation, and does not expect to publicly update, or publicly revise, any forward-looking statement, whether as a result of new information, future events or otherwise.
This communication contains alternative performance measures (APM) that are not defined under IFRS. The APMs (non-IFRS) can be reconciled to the key performance indicators included in the IFRS consolidated financial statements and should not be viewed in isolation, but only as supplementary information for assessing the operating performance. TeamViewer believes that these APMs provide an additional, deeper understanding of the Company's performance. For a complete overview of the APMs included in this communication and the corresponding definitions, please refer to the latest annual report.
13.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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|EQS News ID:||1724673|
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1724673 13.09.2023 CET/CEST