Feb 28, 2013 | Press release:
XING continues growth course in 2012 – highest member growth for three years

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  • 816,000 new members in 2012 takes total membership to 6.1 million in D-A-CH
  • Total revenues rise by 11 percent to €73 million
  • XING Executive Board proposes dividend of €0.56 per share to Supervisory Board


Hamburg, February 28, 2013 – XING AG continued its growth course during 2012, with all of the divisions making a contribution. According to preliminary figures, the leading business network in German-speaking countries (D-A-CH) generated total revenues of €73.3 million in 2012. This equates to an 11 percent rise compared to the €66.2 million revenues generated in 2011. Following a number of investments, in particular an increase in staff, the Company’s adjusted EBITDA of €22.0 million remained stable compared to last year (€22.2 million). The adjustment includes non-operating, one-time expenses of €1.9 million relating to the takeover bid by Burda Digital GmbH and the kununu GmbH acquisition.

 

A new Premium Club division consisting of Premium memberships and the former Display Advertising division was created in January 2013. Revenues for this division rose by five percent from €48.8 million in 2011 to €51.3 million in 2012. XING continued to build on its position as the social recruiting market leader in D-A-CH with the reorganized e-Recruiting (including Company Profiles) division generating €16.7 million in revenues. This €3.4 million rise (26 percent) represents the largest absolute increase of all the Company’s revenue sources. The Events division reported the fastest relative growth with a 54 percent increase from €2.5 million in 2011 to €3.9 million in 2012.

Thomas Vollmoeller, CEO at XING AG: “Every XING division has grown during the previous financial year. Our focus on member growth has also proven fruitful with XING again achieving the highest member growth levels in German-speaking countries.” XING welcomed 816,000 new members last year, which is the highest member growth for three years. This takes XING’s total membership to 6.1 million in D-A-CH and 12.9 million worldwide.

XING will continue the dividend policy it introduced last year. At a meeting held on 02/27/2013, the XING Executive Board agreed to put forward a proposal to the Supervisory Board to pay a dividend of €0.56 per share, which is the same amount as last year.

XING will publish its audited results with the annual report on March 28.

About XING
XING is the social network for business professionals. Around 13 million members worldwide – over 6 million of whom are based in German-speaking countries – use XING to boost their business, job, and career. XING is a platform where professionals from all kinds of different industries can meet up, find jobs, colleagues, new assignments, cooperation partners, experts and generate business ideas. Members can meet and exchange views in over 50,000 specialist groups, while also getting together at networking events. The platform is operated by XING AG, which was founded in Hamburg, Germany, in 2003, has been publicly listed since 2006, and listed on the TecDAX since September 2011. In December 2010, XING acquired amiando AG, a Munich-based company and Europe’s leading provider of online event management and ticketing. The acquisition of kununu GmbH, the leading platform for employer reviews in German-speaking countries, allows XING to extend its position as the social recruiting market leader. Please visit www.xing.com for more information.

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