The Swabian software provider TeamViewer has temporarily lost momentum after the corona boom and is reducing expectations for the year as a whole. The billed sales - called at Teamviewer Billings - only grew by 15 percent to 121.6 million euros in the second quarter, the company announced on Thursday in Göppingen. At least 20 percent plus was expected, in the first quarter it was 26 percent. For the year as a whole, only the lower end of the sales forecast can be achieved: Most recently, the software house had expected an increase of 27 to 31 percent to 585 to 605 million euros for billings.

The adjusted return on sales (Ebitda margin) will be between 49 and 51 percent as planned. TeamViewer had already made compromises here because of two expensive sponsorship contracts. In the second quarter, the adjusted operating result (Ebitda) fell to 56.6 (previous year: 57.3) million euros, the margin shrank to 47 percent and was thus well below the value in the first three months of the year. "This reflects the continued investment in growth and the expected seasonality," said the press release.

TeamViewer was one of the big winners of the Corona crisis because its software enables access to other computers - for remote maintenance, for example. Most of the customers gained in the lockdown stayed with us, but fewer customers extended their contracts in April and May than expected. That changed in June, and contracts with major customers were added. All in all, TeamViewer had 623,000 subscribers at the end of June, 20,000 more than at the end of March.