Goppingen, 2 February 2022 - TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, successfully concluded the past financial year in line with its updated guidance and with overall strong results. Consequently, we will initiate a share buyback program of up to EUR 300m or nearly 10% of total shares outstanding, thus demonstrating our confidence in the business outlook and increasing our shareholders' participation in TeamViewer's success.» EBITDA ensures an efficient financing structure while still providing sufficient strategic flexibility going forward.
This opens up avenues for further value generation for our shareholders: We have reviewed our capital allocation and have come to the conclusion that a leverage ratio of around 1.5x Adj. Our financial profile remains very strong, backed by a superior cash position. Through our clear focus on cost containment, we were able to maintain high profitability and achieve margins ahead of our revised guidance. At the same time, we successfully expanded our customer base across all industries and verticals. «We have delivered on our updated 2021 guidance, steadily generating high teens growth with strong profitability and very strong cash flows.
Our number one priority is to remain laser-focused on further realizing the goals we outlined at our Capital Markets Day, and we will now firmly execute against our growth agenda.» We entered major strategic partnerships with global players such as SAP and Google Cloud, opening the doors to businesses all over the world and significantly expanding our reach. With decisive investments in our portfolio, we have built an industry-leading AR platform and bolstered our position in important growth markets. «We are pleased with the conclusion of this financial year and have clearly set the course for continued profitable growth. Revenue from subscription model (non-IFRS) Key Figures EUR m, unless otherwise stated Confirmed outlook 2022: High teens growth with billings expected between EUR 630-650m Adj.Buyback program of up to EUR 300m or nearly 10% of total shares outstanding as cornerstone of updated capital allocation.Major strategic partnerships initiated, providing additional tailwinds for further billings growth.2021 acquisitions fully integrated, substantially expanding TeamViewer's solutions portfolio.Strong enterprise business: Q4 billings doubled, FY billings up 75% to EUR 93m.Q4: Billings up 20% yoy to EUR 153.7m Adj.FY 2021: Billings of EUR 547.6m up 19% yoy Adj.Strong year end: TeamViewer records 19% billings growth and announces share buyback program on the back of outstanding profitability and cashflow
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