FILE PHOTO: The headquarters of the German company Team Viewer is seen in Goeppingen, Germany September 14, 2019. Picture taken September 14, 2019. REUTERS/Michael Dalder/File Photo
(Reuters) - German software developer TeamViewer posted on Wednesday mid-term revenue growth targets after it closed its acquisition of IT firm 1E.
TeamViewer forecasts revenue in 2028 to be between 1.03 billion and 1.06 billion euros ($1.07-$1.10 billion) with an adjusted EBITDA margin forecast of 44%-45%.
The company generated revenue of 671 million euros in the fiscal year 2024, while the adjusted EBITDA margin stood at 44%.
In December, Teamviewer announced the acquisition of London-based IT firm 1E for $720 million.
1E develops products that detect IT issues, with Adidas and AT&T among those listed as customers on its website.
($1 = 0.9653 euros)
(Reporting by Amir Orusov; Editing by Christian Schmollinger)
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