- Total revenues rise by 21 per cent
- B2B E-Recruiting segment grows by 29 per cent
- EBITDA increases by 29 per cent, profits rise by 34 per cent
HAMBURG, 04-Aug-2016 — /EuropaWire/ — XING AG, operator of the leading online business network in German-speaking countries, significantly increased its total revenues for the first half of 2016 and continued on its dynamic growth course. Adjusted for one-off currency effects from 2015, revenues grew by 21 per cent to €70.5 million. Every segment of the business contributed to this growth.
B2B E-Recruiting B2B segment grows by 29 per cent
The B2C segment again proved to be the largest source of income in the first half of 2016 with revenues rising by 15 per cent from €32.5 million to €37.3 million. The largest growth driver was the B2B E-Recruiting segment, which saw an increase of 29 per cent to €25.3 million (H1/2015: €19.6 million). Compared to the same period last year, Advertising and Events grew by 11 per cent with revenues of €6.1 million (€5.5 million).
XING CEO Thomas Vollmoeller said: “XING is on course for additional growth, as can be seen in our figures for the first half of the year where profits increased by a third. During the period under review we set yet another member growth record by welcoming 882,000 new members during the first six months of this year, which is more than any other half-year period in the company’s history.” As a result of this growth, XING now has 10.5 million members in German-speaking countries, and 11.1 million users across all platforms as of the end of June. The total number of paying members in the D-A-CH region during H1/2016 rose by 33,000 to 914,000.
Among other things, Vollmoeller attributes XING’s continued strong new member growth to the appeal of the company’s new content offerings: “In 2015 we launched a content offensive that we have continued to build on. As well as the popular XING newsletters and topic-based debate forum Klartext, we recently introduced Industry Insiders – a novel news format that focusses on experts. This enables us to provide XING members with tailored information that’s both close, local and relevant.”
The information curated for XING newsletters covers over 25 different industries and has already built up a monthly readership of around 2.6 million. In October 2015, our journalistic offering Klartext was launched with Roland Tichy as publisher and Jennifer Lachman as editor-in-chief. Klartext is a forum where experts and well-known people can voice their opinions on current and controversial issues related to business and careers. XING members can then start up a debate by adding their opinion on the subject in the form of a comment. Since its launch, Klartext articles have generated more than 3.5 million responses. The new Industry Insiders offering gives people the opportunity to share their knowledge and insights with others. More than 60 experts were in the starting line-up, including Opel CEO Karl-Thomas Neumann, DLD conference founder Steffi Czerny, and financial expert Dirk Müller, also known as “Mr. DAX”.
EBITDA increases by 29 per cent, profit rises by 34 per cent
XING’s EBITDA of €22.9 million for the period under review was 29 per cent higher than that of the same period last year (€17.7 million). Profits rose by 34 per cent during H1/2016 to €11.7 million (H1/2015: €8.8 million).
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 more than 10.5 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. More than 11 million people use the XING platforms in the core German-speaking market, and over 10.5 million of them are XING members. XING has more than 900 employees at offices in Hamburg, Munich, Aschaffenburg, Barcelona and Vienna. Visit www.xing.com for more information.
VP External Affairs
SOURCE: XING AG