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To be able to handle the enormous growth, investments were made both in the workforce and in the global presence. The number of subscribers grew by around 25% to 584,000, and clientele in the lucrative key account business exploded threefold to 1,900." 2 Investing in growth The EBITDA margin increased to 57%, corresponding to EBITDA of EUR 261.4 million. Under the balance sheet for the year, billings, which are billed revenues, were EUR 460.4 million, up 44% YOY. Overall, management twice increased its set forecasts. In March of last year alone, subscribers added monthly tripled, and active devices in relevant markets increased 50% in short order. Promulgating lockdowns and moving to home offices and homeschooling, video conferencing, and remote maintenance systems stepped out of the niche and into the mainstream. Since the beginning of March 2020, the Goeppingen-based company's business has exploded due to the outbreak of the Corona pandemic. Market environment and opportunities Corona changes everything In addition to the free version for the bulk of private customers, the contract customer base has grown to more than 600,000 customers, regardless of industry or size.
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In total, the highly scalable software has been downloaded worldwide on more than 2.5 billion devices. These range from remote support of their customers and employees to location-independent control, monitoring and managing equipment or complex machines and instruments, to workflows supported by augmented reality (AR). The Company, listed on Deutsche Börse's MDAX index, has focused since its founding on cloud-based technologies that enable users to collaborate online and provide remote support globally.
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