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Earnings Release • Feb 15, 2008

News Details

Ad-hoc | 15 February 2008 08:58

XING AG: Preliminary results for 2007 financial year – XING AG meets guidance

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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Preliminary results for 2007 financial year – XING AG meets guidance

Hamburg, February 15, 2008 – XING AG (ISIN: DE000XNG8888), operator of
XING.com – the leading European network for business professionals – has
released unaudited preliminary results for the financial year ended
December 31, 2007, announcing revenues of 19.61 million euros and earnings
before interests, taxes, depreciation and amortization EBITDA of 6.89
million euros. This corresponds to an EBITDA margin of app. 35.2%. Earnings
per share (EPS) reaches €1.10 for the fiscal year 2007. These preliminary
results indicate that XING AG has reached its initial FY 2007 forecast of
approximately doubling revenues and achieving an EBITDA margin of 30-35%,
whilst profitability is at the high end of the Company's previous guidance.
Newly introduced in Q4 2007, the 'eCommerce' and 'Advertising' business
models have contributed to the Company’s revenues and financial results for
the first time. The 'eCommerce' segment, for example, has already generated
revenues of app. 0.37 million euros since it was established in October
2007, resulting predominantly from fee-based job listings posted on the
platform. Meanwhile total revenues of app. 0.75 million euros have been
generated since the launch of the 'Advertising' business model in December
2007, due in part to a one-off installment fee. The core 'Subscriptions'
segment generated revenues totaling 17.84 million euros in the financial
year ended December 31, 2007. The membership base increased over the course
of the 2007 financial year by more than 3 million members (incl.
acquisitions of the Spanish networks eConozco and Neurona) to a total of
app. 4.83 million. With app. 141,000 new Premium Members in fiscal year
2007 (compared to app. 130,000 in 2006), XING AG has achieved the strongest
ever growth in the number of paying subscribers in the Company’s history.
As of December 31, 2007, XING registered app. 362,000 paying members,
compared with app. 221,000 paying members at the close of the 2006
financial year.

Preliminary & unaudited KPIs according to IFRS

XING total
2007* 2006** Q4/2007* Q4/2006**
Revenue in €m 19.61 10.14 6.48 3.58

EBITDA in €m 6.89 -1.81 2.76 -1.71
EBITDA Margin 35.2% neg 42.6% neg

EPS (diluted) in € 1.07 neg 0.40 neg
EPS (undiluted) in € 1.10 neg 0.41 neg

Segment:
Subscription
2007* 2006** Q4/2007* Q4/2006**
Revenue in €m 17.84 9.92 5.27 3.41

Paying members in m 0.362 0.221 0.362 0.221
Basic members in m 4.470 1.474 4.470 1.474
Total members in m 4.832 1.694 4.832 1.694

Net adds paying members
in m 0.141 0.130 0.037 0.032
Net adds basic members
in m 2.997 0.873 0.545 0.216
Net adds total in m 3.138 1.003 0.582 0.248

Segment:
Advertising
2007* 2006** Q4/2007* Q4/2006**
Revenue in €m 0.750 - 0.750 -

Page Impressions in bn ~2.37 ~1.67 ~0.65 ~0.47

Segment:
eCommerce
2007* 2006** Q4/2007* Q4/2006**
Revenue in €m 0.374 - 0.374 -

No. of Marketplace
Clicks in m 1.05 - 1.05 -

* Unaudited proforma figures excl. discontinued operations and one off
effects due to the IPO
** Unaudited proforma figures incl. First Tuesday AG, Zurich

The 2007 Annual Report of XING AG with audited financial results will be
published on March 27, 2008.

Important notice:
Provisional financing figures and proforma 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 annual
financial statements and the previous annual 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 annual financial statements are audited.
Although, in the opinion of XING AG, the proforma figures reflect the
direction of development of ordinary business and the current status of the
company, there is no guarantee that the proforma figures precisely reflect
this development direction and this status.

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

15.02.2008 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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