- Total revenues grow by 26 per cent
- E-Recruiting segment posts growth of 37 per cent and reaches €20 million revenue mark
- EBITDA rises by 54 per cent, net income by 83 per cent
Hamburg, 6 August 2015 – XING AG, operator of the leading online business network in German-speaking countries, has increased its revenues for the first six months of this year by 26 per cent, taking total revenues to €59.5 million for the period (H1 2014: €47.1 million). All business segments contributed towards this growth.
E-Recruiting segment posts growth of 37 per cent and reaches €20 million revenue mark for the first time
The Premium business again yielded the highest revenues in this half-year with income of €34.3 million (H1 2014: €28.9 million). Revenue growth of 19 per cent saw the Premium segment build on the record revenues generated during Q1 2015. The main growth driver was the E-Recruiting segment. XING’s B2B business reached the €20 million revenue mark for the first time (H1 2015: €14.5 million), which equates to growth of 37 per cent. The Events business also saw growth of 18 per cent with revenues rising to €3.3 million (€2.8 million). XING CEO Thomas Vollmoeller said: „XING is developing very well and is continuing its solid growth course. The second quarter of 2015 was the third in a row that saw growth of 24 per cent. Member growth is also proof of XING’s appeal. In the first half of 2015 we acquired more new members than ever before during such a period.” During the period under report, XING acquired around 772,500 new members, which equates to a 69 per cent rise over H1 2014. At the end of the second quarter, XING had 8.8 million members or more than 9.2 million users across all of its platforms. The number of paying members in the D-A-CH region rose by almost 26,000 to 861,000 during the first half of 2015. Thomas Vollmoeller added: “We’re constantly working on ways to make our platform even more appealing and expand our services. We’re also forging new paths. One such example are the new content offerings we rolled out, which has turned us into one of the largest disseminators of careers-based and business-related news in German-speaking countries in 2015.” XING has developed Industry News, a feature that currently provides members with tailored news for 25 industries. As a result, XING has a regular readership of around 2 million. XING also introduced News Pages during the first half of 2015, which is already being used my more than 100 publishers such as manager magazin, FAZ, Wirtschaftswoche and a number of other specialised industry services. These publishers gained more than 400,000 followers on XING, and this figure is set to continue rising. XING’s mobile offerings were again optimised and saw the launch of the Jobs app at the end of March. Whether you’re on the underground, at the office or even the airport – the new XING Jobs app lets users look for vacancies posted by companies offering special career opportunities or benefits such as family-friendly working conditions or social and environmental expertise wherever they happen to be. In April XING also launched the new universal app which makes networking even easier than before. This is because XING members only need to use a single app to find out the latest in their network while out and about. The universal app also provides users with almost exactly the same features, no matter which device they’re using. EBITDA rises by 54 per cent, net income by 83 per cent
XING’s EBITDA of €17.7 million is a 54 per cent increase on the €11.5 million reported in the first half of 2014. This rise is largely due to the company’s dynamic revenue growth. Net income for H1 2015 rose by 83 per cent to €8.8 million (H1 2014: €4.8 million). This led to an increase in earnings per share from €0.86 (H1 2014) to €1.57 for the period under report. About XING
XING is the social network for business contacts. XING has more than 9.2 million users in its core German-speaking market, around 9 million of whom are XING platform members. XING is a platform where professionals from all kinds of different industries can meet up, find jobs, colleagues, new assignments, cooperation partners, experts, generate business ideas and get informed about latest industry topics. Members can meet and exchange views in over 74,000 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. Since the end of 2013 the company has been trading under the name XING EVENTS GmbH. The acquisition of kununu, the leading platform for employer reviews in German-speaking countries, allows XING to extend its position as the social recruiting market leader. At the start of 2015 XING also acquired Intelligence Competence Center AG, including its Jobbörse.com website which is the largest jobs search engine in German-speaking countries with over 2.5 million jobs.