Nov 7, 2016 | XING acquires more members than ever before during third quarter

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  • Total revenues grow by 24 per cent year-on-year, EBITDA grows by 38 per cent
  • B2B E-Recruiting rises by 39 per cent
  • Record: 441,000 new members in Q3; 11 million mark passed in October
     

Hamburg, 7 November 2016 – XING AG, operator of the leading online business network in German-speaking countries, has reported Q3 revenues of €37.8 million, which is a significant increase over the previous year (Q3 2015: €30.5 million). XING AG’s EBITDA came to €12.9 million during Q3, which is an increase of 38 per cent compared to €9.3 million in Q3 2015. The EBITDA margin for the period under report was 34 per cent (Q3 2015: 31%). B2B E-Recruiting rises by 39 per cent The largest source of income was again the B2C segment, which saw growth of 14 per cent and revenues of €19.9 million (Q3 2015: €17.4 million). The main growth driver was the B2B E-Recruiting segment, which covers XING Group sales of products and services to help businesses win the war for talent. Here, revenues rose 39 per cent to €13.9 million (Q3 2015: €10 million). The B2B Advertising & Events segment reported 13 per cent growth and revenues of €3.1 million (Q3 2015: €2.7 million). Thomas Vollmoeller, CEO at XING AG, said: “The third quarter was an extremely positive one for XING. We saw double-digit growth in every segment which is coupled with unbridled growth. I’m particularly happy about the fact that our product innovations and services enticed more people than ever before during a third quarter to become XING members.” Record: 441,000 new members in Q3; 11 million mark passed in October Member growth reached record levels during Q3 as XING welcomed 441,000 new members – the highest figure ever seen during a third quarter. As of the end of Q3, XING had 10.9 million members and 11.6 million users. In October the network passed the 11-million-member mark in German-speaking countries. The third quarter also saw the first anniversary of XING Klartext, an innovative journalistic content platform. Since its launch a year ago, Klartext has seen more than 5 million article views and acquired almost 600 authors, including well-known faces such as Deutsche Post boss Frank Appel, Labour Minister Andrea Nahles and Dieter Hallervorden. On average, XING members contribute almost 200 comments to each article. This also boosts the already high level of activity on XING. XING has also added a key component to its B2B solutions: The XING ReferralManager. XRM offers companies an easy way to systematically use and approach their employees’ contact network via digital channels to draw their attention to new vacancies. Employee referrals reign supreme when it comes to recruiting as it’s a highly efficient way of finding the right people for job openings. The high growth momentum seen during the third quarter is also reflected in XING AG’s figures for the first nine months of 2016. Over the first three quarters of the year, total revenues rose by 20 per cent from €89.9 million to €108.3 million. Even by excluding the non-recurring effect resulting from the rise in value of the Swiss franc in the first quarter of 2015, operative revenue growth actually reached 22 per cent. The Group’s operating results (EBITDA) grew by 32 per cent over the course of the first three quarters to €35.8 million (9M 2015: €27.1 million). About XING The leading online business network in German-speaking countries supports its members in mastering the transformations taking place in the world of work. XING helps its 11 million members to balance their professional and private life as well as possible within an environment defined by a lack of skilled workers, digitalisation and changing values. To this end, members can visit XING Jobs to look for vacancies that appeal to them, stay up to date with news offers by XING, or browse the German-language portal XING spielraum to find out about the trends and changes taking place in the new world of work. At the start of 2015, XING added Jobbörse.com, the largest jobs search engine in German-speaking countries, to its portfolio. Before that, XING had acquired kununu, which as the principal employer review platform in German-speaking countries served to strengthen XING’s leading position within the field of social recruiting. XING was founded in Hamburg, Germany, in 2003, has been publicly listed since 2006, and listed on the TecDAX since September 2011. Members can meet and exchange views in around 80,000 groups, while also getting together at more than 150,000 business-related events every year. XING has more than 900 employees at offices in Hamburg, Munich, Aschaffenburg, Barcelona and Vienna. Visit www.xing.com for more information.

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