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Earnings Release • Nov 9, 2010

News Details

Corporate | 9 November 2010 08:13

XING AG increases EBITDA by 52 percent in Q3/2010

XING AG / Key word(s): Quarter Results

09.11.2010 08:13

* EBITDA of EUR4.46 million - The highest operating result in the company's
history
* Revenues from services up by 20 percent
* 194 thousand new members in German-speaking countries

Hamburg, November 9, 2010 - In Q3/2010, XING AG reported an EBITDA of
EUR4.46 million, the company's highest ever operating result. This in turn
equates to a 52 percent increase over Q3/2009 (EUR2.92 million). Revenues
from services rose by 20 percent to EUR13.61 million (Q3/2009: EUR11.37
million), with other operating income taking total revenues to EUR13.77
million. A large part of this rise can be attributed to accelerating growth
levels in the 'e-Recruiting' business unit which grew by 82 percent with
revenues of EUR1.90 million (Q3/2009: EUR1.04 million). The 'Advertising'
business unit reported growth of 46 percent to EUR0.89 million (Q3/2009:
EUR0.61 million) with paying Premium Member revenues also rising 11 percent
to EUR10.79 million (EUR9.69 million).

'XING is continuing its growth course' said Stefan Gross-Selbeck, CEO at
XING AG, about the published figures. 'The investments we made in new
revenue sources over the last 12 months are now paying off. In the third
quarter alone, more than 340 new business customers acquired recruiting
products from us in order to fill vacant positions. On top of that, in
German-speaking countries we achieved the highest member growth level seen
in the last five quarters.' At the end of the third quarter of 2010, XING
had 10.11 million members registered on its platform, 4.27 million of whom
are based in German-speaking countries. This equates to an increase of 194
thousand over the same period last year.

In Turkey and Spain, XING reached the critical mass of around 1 million
members with Spain notching up 1.54 million users and Turkey just
approaching the 1 million mark as of the end of September. From now on,
XING's international focus will be on increasing activity levels.

The EBITDA margin rose from 25.1 percent (Q3/2009) to 32.4 percent
(Q3/2010), with the net result rising from EUR0.34 million in Q3/2009 to
EUR2.11 million in Q3/2010.

About XING
XING.com is the place to be for online business networking. Millions of
members use the platform every day to do business and promote their career.
XING makes networking and professional contact management simple. This can
be seen by the exceptionally high levels of activity the platform enjoys.
Members can meet and exchange views in over 40,000 specialist groups, while
also getting together at networking events to share their contacts, skills
and expertise. A XING network is defined by trust - It boosts members'
career prospects while acting as a recruiting portal for both companies
looking to fill vacancies and qualified professionals interested in a new
challenge.
The platform is operated by XING AG and is the only network in the world to
offer full SSL encryption. XING AG is a listed company with headquarters in
Hamburg and key strategic offices in Barcelona and Istanbul. Please visit
www.xing.com for more information.

Marc-Sven Kopka
Vice President Corporate Communications
XING AG
+49 40-419131-763
press@xing.com

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Language: English
Company: XING AG
Gänsemarkt 43
20354 Hamburg
Deutschland
Phone: +49 (0)40 419 131-793
Fax: +49 (0)40 419 131-11
E-mail: investor-relations@xing.com
Internet: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

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