GÖPPINGEN (dpa-AFX) - Software provider Teamviewer earned more than expected in the second quarter thanks to good business in its two segments. Compared to the previous year, adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) climbed seven percent to 63.8 million euros, the MDax-listed company announced on Tuesday. Teamviewer thus clearly exceeded analysts' expectations. The related margin fell by two percentage points to 41 percent due to seasonal effects and increased costs. Below the line, Teamviewer earned 34 million euros, almost three times as much as in the previous year, due to favorable tax effects and an improved financial result.

Overall, the remote maintenance specialist generated sales of 154 million euros, twelve percent more than in the same period last year. Meanwhile, demand picked up in business with major customers, which was the focus of analysts following a somewhat weaker first quarter. The volume of binding contracts (billings) rose by nine percent year-on-year to 28.7 million euros after adjusting for exchange rate effects. In the main business with small and medium-sized enterprises, billings increased by 14 percent at constant exchange rates to just under 122 million euros.

"The market environment is still not easy," Group CEO Oliver Steil told the financial news agency dpa-AFX. This is particularly true for business with large customers in North America, where Teamviewer has recently repositioned itself. However, the realignment is "now bearing its first fruits," said Steil. The specialist for remote maintenance software confirmed its annual targets./jcf/ck/he