SOURCE: XING AG

November 20, 2007 12:27 ET

XING AG Announces Most Successful Quarter in the History of the Company

HAMBURG, GERMANY--(Marketwire - November 20, 2007) -


--  4.25 million members around the world
--  730,000 net new members in Q3 2007
--  Revenues(1) increase by 16% from previous quarter to 4.94 million
    euros
--  EBITDA(1) increases by 83% from previous quarter to 2.07 million euros
--  EBITDA - Margin(1) at 31% for the first nine months
--  Net profit(1) increases by 75% compared to previous quarter to 1.68
    million euros
    

The XING AG (ISIN: DE000XNG8888) announced the most successful quarter in the Company's history and a continued growth. In Q3 alone, the member base of the group increased by total 730,000 (21% over Q2/2007) to 4.25 million members on all platforms. In addition to the considerable increase in basic members, XING AG (XING) also recorded the greatest increase in Premium Members in the Company's history, with approximately 40,000 new members choosing the extra functions of a XING Premium Membership.

The increase of basic members in Q3 was heavily influenced by strong organic growth in the Spanish-speaking and German-speaking markets. The number of Premium Members also increased in Q3 by approximately 40,000 (+14% from Q2/2007) to 325,000.

Revenues(1) increased considerably in Q3/2007 (July to September 2007) in comparison to both Q2/2007 and the same period in 2006. XING AG thus achieved quarterly revenues of 4.94 million euros, the highest in the Company's history (compared to 4.28 million euros in Q2/2007 and 2.67 million euros in Q3/2006). For the first nine months of the financial year, revenues(1) amounted to 13.13 million euros, compared to 6.26 million euros in the comparable period of 2006.

In Q3/2007, XING AG had an EBITDA(1) of 2.07 million euros, compared with 1.13 million euros in the Q2/2007 and 0.59 million euros in the comparable period of 2006. Furthermore, the Company achieved a record EBITDA margin of 42%. For the first nine months of the financial year, the Company reported an EBITDA of 4.13 million euros which amounts to an EBITDA margin of 31%, almost a tenfold increase over figures for the same period in 2006. It should be kept in mind that XING disposed of its loss-generating subsidiary First Tuesday AG, Zurich in Q3 2007. Accordingly, the financial results have been listed separately.

Key figures of XING AG by period
Financial accounting standard:
IAS/IFRS

                                           Q3     Q2     9M     Q3     9M
                                         2007   2007   2007   2006   2006
                                         =====  =====  =====  =====  =====
Revenues in EUR(m)(1)                     4.94   4.28  13.13   2.67   6.26
                                         -----  -----  -----  -----  -----
EBITDA in EUR(m)                          2.07   1.13   4.13   0.59   0.18
                                         -----  -----  -----  -----  -----
EBITDA margin(1)                            42%    26%    31%    22%     3%
                                         -----  -----  -----  -----  -----
Net result in EUR(m)(1)                   1.68   0.96   3.52   0.47  -0.00
                                         -----  -----  -----  -----  -----
Net result in EUR(m)                      1.17   0.71   2.35   0.32  -0.33
                                         -----  -----  -----  -----  -----
Cash flow from operating activities in
 EUR(m)                                   2.62   1.97   4.88   1.38   2.59
                                         -----  -----  -----  -----  -----
Cash flow from operating activities per
 share in EUR                             0.50   0.38   0.94   0.27   0.50
                                         -----  -----  -----  -----  -----
Earnings per share in EUR(1)              0.32   0.18   0.68   0.09  -0.00
                                         -----  -----  -----  -----  -----
Equity in EUR(m)                         43.65  42.33  43.65   5.91   5.91
                                         -----  -----  -----  -----  -----
Members in millions(2)                    4.25   3.52   4.25   1.45   1.45
                                         -----  -----  -----  -----  -----
  of which Premium Members               0.325  0.285  0.325  0.189  0.189
                                         -----  -----  -----  -----  -----
Number of contact connections in
 millions                                 63.6   56.1   63.6   35.2   35.2
                                         -----  -----  -----  -----  -----
Employees                                  109    111    109     70     70
                                         -----  -----  -----  -----  -----


(1) Continuing operations
(2) Since Q2/2007, including members of eConozco and Neurona

Important notice:

Cautionary note regarding forward-looking statements

This press release notice contains forward-looking statements concerning XING AG, its subsidiaries and affiliated companies as well as economic and political conditions that could influence the business development of XING AG. Forward-looking statements are based on the current views, expectations and assumptions of the management of XING AG and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. XING AG therefore does not assume any responsibility for such risks, and makes no guarantee as to the accuracy and completeness of the assumptions and estimates upon which the forward-looking statements are based, nor does the Company or its bodies ensure the correctness of the statements.

XING. Powering Relationships.

Contact Information

  • Contact Corporate Communications:
    Daniela Hinrichs
    VP Corporate Communications
    Gaensemarkt 43
    20354 Hamburg
    Germany
    Tel. +49 40 419131-19
    Fax +49 40 419131-11
    Email Contact

    Contact Investor Relations:
    Patrick Moeller
    Investor Relations
    Gaensemarkt 43
    20354 Hamburg
    Germany
    Tel. +49 40 419131-793
    Fax +49 40 419131-11
    Email Contact