New Work SE

Earnings Release • Oct 16, 2008

News Details

Ad-hoc | 16 October 2008 08:47

XING AG: XING again breaks quarterly records, increasing revenues by 86%

XING AG / Preliminary Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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XING again breaks quarterly records, increasing revenues by 86%

Hamburg, Germany, October 16, 2008 – XING AG (O1BC), operator of XING – the
leading network for business contacts in Europe – is continuing its
profitable course of growth, according to preliminary and unaudited
results. In Q3/2008, XING AG increased its total revenues by 86 percent to
9.18 million euros (Q3/2007: 4.94 million euros). In the first nine months
of 2008, XING AG has nearly doubled its total revenues over last year’s
results, from 13.13 million euros in 2007 to 25.09 million euros in 2008.

Increase in paying members boosts revenues and results in all three
business segments

In the first nine months of 2008, the Company increased its paying Premium
Members by 152 thousand, for a total of over 514 thousand as of September
30, 2008. Commensurate with this boost in paying members, revenues from the
core Subscription business segment increased by 60 percent over the
previous year, to 20.06 million euros (up from 12.55 million euros in
2007). Additionally, the two business segments introduced at the end of
2007 have made major contributions to revenue growth: the eCommerce segment
earned XING AG revenues of 3.07 million euros in the first nine months of
2008, while the Advertising segment brought in 1.73 million euros for the
Company.

The highly scalable nature of XING AG's business model once again allowed
the Company to achieve an EBITDA of 9.47 million euros, or a margin of 38
percent (adjusted for non-recurring expenditures of 768 thousand euros), up
from an EBITDA margin of 31 percent for the same period in 2007. The EBITDA
for Q3/2008 was 3.71 million euros or 40% of revenue which makes Q3 the
most profitable quarter this year.
The company is going to publish its final interim report on November 10th,
2008.

Preliminary & unaudited KPIs according to IFRS

XING total

           Q3'2008 Q3'2007 Q1-Q3'2008 Q1-Q3'2007 Q2'2008

Revenue
in €m* 9.18 4.94** 25.09 13.13** 8.41

EBITDA in €m 3.71 2.07** 9.47*** 4.13** 3.13***

EBITDA Margin
in % 40 42** 38*** 31** 37***

Subscription

           Q3'2008 Q3'2007 Q1-Q3'2008 Q1-Q3'2007 Q2'2008

Revenue
in €m 7.42 4.69 20.06 2.55 6.73

Paying
members
in 000s 514 325 514 325 470

Total
members
in m 6.53 4.25 6.53 4.25 6.14

Net adds
paying members
in 000s 44 40 152 104 50

Advertising

           Q3'2008 Q3'2007 Q1-Q3'2008 Q1-Q3'2007 Q2'2008

Revenue
in €m 0.60 - 1.73 - 0.61

Page
Impressions
in m 955 634 2,788 1,638 913

eCommerce

          Q3'2008  Q3'2007 Q1-Q3'2008 Q1-Q3'2007 Q2'2008

Revenue
in €m 1.10 - 3.07 - 1.02

No. of
Marketplace
Clicks in m 2.89 - 7.65 - 2,46

* Incl. Other operating income
** Continuing Operations
*** Adjusted for non recurring expenses resulting from discontinued M&A
processes (€768k)

Important notice:
Provisional financing figures and pro-forma figures subject to confirmation
The results and figures published in this notification are unaudited and
have been determined by the company on the basis of the provisional Q3/2008
financial statements and the previous financial statements for the
specified periods in order to enable a better comparison to be made, and
also to present exceptional factors; some of the figures have been
calculated on a pro-forma basis. The provisional financial figures may be
the subject of changes when the financial statements are audited. Although,
in the opinion of XING AG, the pro-forma figures reflect the direction of
development of ordinary business and the current status of the company,
there is no guarantee that the pro-forma figures precisely reflect this
development direction and this status.

Investor Relations Contact XING:

Patrick Möller
Director Investor Relations
Gänsemarkt 43
20354 Hamburg
Tel. +49 40 419131-793
Fax +49 40 419131-11
Investor-relations@xing.com

16.10.2008 Financial News transmitted by DGAP

Language: English
Issuer: XING AG
Gänsemarkt 43
20354 Hamburg
Deutschland
Phone: +49 (0)40 419 131-10
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 Berlin, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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