08/11/2022 | NEW WORK SE
NEW WORK SE reports double-digit growth in first half of 2022
– NEW WORK SE, parent company of, for instance, XING, the leading online business network in German-speaking countries, and kununu, a leading employer review platform in Europe, today published its figures for the first half of 2022. Pro forma revenues saw a double-digit rise of 12 per cent to €152.6 million (H1 2021: €136.2 million) during the first half of 2022, while pro forma EBITDA for the period grew 2 per cent to €53.5 million (€52.6 million). The reason for the slightly underproportional growth is less marketing expenditure and travel expenses in the same period of the previous year. Pro forma net profit came in at €24.3 million, down 1.7 per cent from €26.0 million in H1 2021 due to one-time write-downs as a result of introducing a new strategy for the XING platform.