2009年12月16日星期三

XING AG - XING AG increases revenues by 80 percent and continues to abound profitably

Hamburg, February 11, 2009 – XING AG (O1BC) can address the a lot of acknowledged banking year in the Company’s history, according to basic and unaudited results. In animosity of the difficult all-embracing bread-and-butter climate, the Company has accomplished a cogent acceleration in all of its key achievement indicators over the antecedent banking year.

The Hamburg-based Company XING AG continues on its aisle of assisting growth. More than 2 actor new associates accept registered on the arch arrangement for business contacts in Europe over the advance of the endure 12 months. By the end of the 2008 banking year, a absolute of added than 7 actor business professionals were accordingly breath on XING. Having acquired 188 thousand added Premium Members, the Company can address a absolute of about 550,000 paying associates subscribed to its online belvedere as of the end of 2008 – enabling it to beat the antecedent year’s advance for this advertisement period.

“Our abstracts for the banking year just anesthetized already afresh reflect the qualitative advance that our business archetypal facilitates and abode us in a able position amidst those with abundant to accretion from the accepted banking situation. The aboriginal weeks of the new year accept apparent that added and added business professionals above Europe are axis to XING for their business networking needs,” commented Thorsten Vespermann, Director Corporate Communications at XING AG.

As a aftereffect of this advance in its associates base, revenues added by 80 percent to 35.3 actor euros (2007: 19.6 actor euros). The Company aswell added its operational aftereffect (EBITDA) by added than 85 percent. The EBITDA (adjusted for non alternating costs consistent from discontinued M&A processes accretion 768 thousand euros) accordingly rose by 86 percent to 12.82 actor euros in the 2008 banking year (2007: 6.89 actor euros).

XING AG generated added than 28 actor euros with its amount Subscription business archetypal for Premium Memberships, basic 80 percent of the Company’s all-embracing revenues. The added business models eCommerce (Jobs and “Best Offers”) and Advertising accept aswell accurate to be assisting sources of assets in 2008 that are ability abiding growth. Since the addition of the performance-based business archetypal for job listings in October 2007, XING AG has generated about 4.3 actor euros in added revenues from the eCommerce articulation in 2008. In 2007, this anew alien articulation in Q4 2007 had generated antecedent revenues accretion 370 thousand euros. The Company’s third Advertising articulation produced revenues amounting to 2.4 actor euros (Q4 2008: 750 thousand) in the 2008 banking year.

XING AG affairs to broadcast its 2008 Annual Report with audited KPIs for the 2008 banking year on March 26th, 2009.

Please bang actuality to see the abounding columnist absolution and the basic results:
corporate.xing.com/press-release/792/XING-AG-increases-re...

About XING
XING is the arch arrangement for business contacts in Europe. Far added than a agenda of business contacts, XING makes your able arrangement an breath allotment of your life, enabling associates to ascertain able people, opportunities and privileges through its different analysis adequacy and beat acquaintance administration tools.
With the acknowledged IPO of XING as the aboriginal Web 2.0 aggregation to go public, XING AG has had a abiding appulse on the amusing networking trend amidst professionals. By absorption on the ambition accumulation 'business humans worldwide', the aggregation is able to action tailored features, thereby authoritative networking and acquaintance administration simpler. Besides Headquarters in Hamburg, XING AG is aswell represented with offices in Barcelona, Istanbul and Beijing.
XING. Powering Relationships.

Thorsten Vespermann

----------------------------
Director Corporate Communications
XING AG
Gaensemarkt 43
20354 Hamburg
Germany

+49 40-419131-763
presse@xing.com
www.xing.com/profile/Thorsten_Vespermann/

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