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• Total revenues rose by 15 per cent to €20.9 million
• 43 per cent growth in e-Recruiting division
• Net profit increased by 30 per cent to €2.7 million Hamburg, 6. August 2013 – XING AG’s figures for Q2/2013 show accelerated growth when compared to previous quarters. XING, the leading professional network in German-speaking countries (D-A-CH), generated total Q2 revenues of €20.9 million, an increase of 15 per cent compared to Q2/2012 (€18.2 million). The Company’s EBITDA also rose by 15 per cent from €5.09 million in Q2/2012 to €5.9 million in Q2/2013. Net profit for the period of €2.7 million was even 30 per cent higher than in Q2/2012 (€2.07 million).
The Premium Club reported solid Q2 growth of 5 per cent and accounted for €13.6 million of total revenues. The main revenue driver was the e-Recruiting division where revenues of €5.6 million equate to a 43 per cent rise compared to Q2/2012. The Events division also showed strong growth of 35 per cent and revenues of €1.4 million.
Thomas Vollmoeller, CEO at XING AG, said: “XING has again accelerated its growth rates during the second quarter of 2013, and we expect to see this growth continue over the next few quarters.” The XING Talent Manager (XTM) has become a key growth driver following its launch at the end of 2012. Since then a number of new features have been integrated, thus adding to XTM’s initial success among HR departments and consultants with more than 2,000 licences sold to corporate customers, which vastly exceeded targets for the first half of 2013.
Membership figures have continued to grow well with 211,000 people from German-speaking countries choosing to register on XING during the second quarter. This takes total XING membership in D-A-CH to 6.5 million and around 13.5 million worldwide. The number of paying Premium members in D-A-CH grew by 15,000 in Q2 to 801,000 (825,000 worldwide as of the end of June 2013).
Thomas Vollmoeller also said: “We’re very happy with the strong member growth we’re continuing to generate. XING is in an ideal position to act as a hub for our members’ individual career paths. The world of work is currently seeing a fundamental shift, and we can offer our members clarity and guidance during these turbulent times.” At the start of 2013 XING acquired kununu, the largest employer review portal in German-speaking countries. This enables members to gain genuine insights into companies from a number of different perspectives. The launch of the new XING profile in July also provides XING members with great new ways to showcase themselves online. This is also highly appealing to the growing number of people with unconventional career paths.
XING is the social network for business professionals. More than 13 million members worldwide – over 6.5 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.