XING: Solid growth during the first quarter of 2013

• Total revenues rose by 11 percent to €19.6 million
• 32 percent growth within the e-Recruiting division
• EBITDA grew by 11 percent to €5.3 million
• 205,000 new members takes XING membership levels to 6.3 million in the D-A-CH region
   

Hamburg, May 6, 2013 – XING AG continued its growth course in all areas of the business during the first quarter of 2013. The leading business network in German-speaking countries (D-A-CH) generated total revenues of €19.6 million in Q1, a rise of 11 percent compared to Q1/2012 (€17.7 million). The Company’s EBITDA grew by 11 percent to €5.3 million (Q1/2012: €4.8 million). Net result of €2.0 million was on Q1/2012 level. The Premium Club division, which largely consists of paid memberships and display advertising, is XING AG’s largest source of revenue. During the period under review, the Premium Club accounted for €12.9 million of the Company’s total revenues, an increase of four percent compared to the same quarter of the previous year (€12.4 million). XING also continued to expand its position as the social recruiting market leader in German-speaking countries. XING’s e-Recruiting division, which also includes the Company Profiles product, saw the highest growth levels all divisions with revenues for the quarter of €5.3 million, an increase of 32 percent compared to Q1/2012 (€4.0 million). The Events division saw also revenues rise from €1.0 million in Q1/2012 to €1.1 million in Q1/2013. Thomas Vollmoeller, CEO at XING AG, said: “XING has again seen solid growth during the first quarter of 2013 with revenues increasing in all areas of the business. Demand for our corporate solutions, which are helping businesses in the battle for talent, is growing all the time. Our Talent Manager provides access to the largest candidate pool in the D-A-CH region.” XING has sold more than 1,500 licenses to HR departments and HR consultants to date. Q1 sales of the Talent Manager, which was launched last September, have again exceeded the Company’s own expectations. Membership figures have also continued to climb with around 205,000 people choosing to sign up to XING in German-speaking countries during the first quarter. XING now has more than 6.3 million members in the D-A-CH region and almost 13.2 million worldwide. The number of paid Premium members in German-speaking countries also grew during the period under review by around 3,000 to 786,000, with 810,000 worldwide as of the end of March 2013. The XING platform also saw growth in terms of usage during the first quarter by passing the five-million unique user mark (source: AGOF) for the first time in January. At the end of March, XING launched an iPad app in order to accommodate the increase in mobile usage of the XING platform which now accounts for about a third of the platform’s total traffic. The app has already seen around 70,000 downloads from the App Store to date. About XING
XING is the social network for business professionals. More than 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.