Corporate | 20 November 2007 08:48
XING AG / Quarter Results
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AG.
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XING AG announces most successful quarter in the history of the Company
- 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
Hamburg, November 20, 2007. 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 2007 Q2 2007 9M 2007 Q3 2006 9M 2006
Revenues in €m(1) 4.94 4.28 13.13 2.67 6.26
EBITDA in €m 2.07 1.13 4.13 0,59 0.18
EBITDA margin(1) 42% 26% 31% 22% 3%
Net result in €m(1) 1.68 0.96 3.52 0.47 -0.00
Net result in €m 1.17 0.71 2.35 0.32 -0.33
Cash flow from
operating activities
in €m 2.62 1.97 4.88 1.38 2.59
Cash flow from
operating activities
per share in € 0.50 0.38 0.94 0.27 0.50
Earnings per share
in €(1) 0.32 0.18 0.68 0.09 -0.00
Equity in €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 Corporate Communications: Contact Investor Relations:
Daniela Hinrichs Patrick Moeller
VP Corporate Communications Investor Relations
Gaensemarkt 43 Gaensemarkt 43
20354 Hamburg 20354 Hamburg
Germany Germany
Tel. +49 40 419131-19 Tel. +49 40 419131-793
Fax +49 40 419131-11 Fax +49 40 419131-11
presse@xing.com investor-relations@xing.com
20.11.2007 Financial News transmitted by DGAP
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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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