In June, trading momentum improved significantly, due to a rebound of renewal values and a very strong enterprise pipeline conversion.

This one-off effect occurred across all regions reducing capacities for home working solutions which customers had bought a year earlier. While the company successfully retained most of the new subscribers from the first wave of the 2020 lockdown, renewal values in April and May were lower than anticipated. TeamViewer grew second quarter billings by 15% and 18% at constant currencies, year-over-year.

Our recent investments in our salesforce and the increasing demand in the enterprise segment will further allow us to build on this momentum in the second half of 2021.» «In Q2, we have heavily invested in our future growth while maintaining industry-leading profitability. Particularly further acquisitions in adjacent markets and the initial activation of our global landmark sports partnerships strengthened our global footprint and overall brand visibility.» We have successfully started to build a global tech brand and the first six months set the groundwork for bolstering our position as a leader in enterprise AR solutions. «We are encouraged by the significant uptick in trading performance in June which makes us confident to deliver on our targets and continue our sustainable growth path in the second half of the year. Key Figures EUR m, unless otherwise stated Technology expert Ms Hera Kitwan Siu recommended as new Supervisory Board member Increased global brand awareness through activation of landmark sports partnerships Major partnership with SAP providing industrial customers with cutting-edge AR technology Extended Augmented Reality (AR) solutions portfolio through tuck-in acquisitions 623,000 subscribers: plus 20,000 in Q2 and stable churn

Adjusted EBITDA margin of 47% in Q2 and 55% in H1, showing industry-leading profitability Billings growth at constant currencies of 18% in Q2 and 22% in H1, on top of extraordinary 2020 comparatives Q2 / H1 2021: TeamViewer shows positive momentum and significant progress in building a global tech brand

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