Press Releases from XING AG (45 total)
XING continues growth course
* 70% increase in EBITDA in Q1
* Two thirds of growth generated by new sources of revenue
* Strongest member growth in German-speaking countries since Q1 2009
Hamburg, May 10, 2011 – In the first quarter of 2011, XING AG successfully continued the growth course set during the 2010 financial year. The market leader in German-speaking countries reported an EBITDA of €5.6 million during Q1 2011, which represents an increase of 70%…
XING: Boards suggest special distribution of funds from capital reserves amounti …
Hamburg, March 30, 2011 - The Management and Supervisory Boards of XING AG, Hamburg (ISIN DE000XNG8888), have decided today to suggest paying a special distribution of funds from capital reserves amounting to €20 million to the company’s shareholders at the next AGM on May 26, 2011. The payout per share will amount to approx. €3.70.
Stefan Gross-Selbeck, CEO at XING AG, said: “This special distribution of funds highlights XING’s financial…
XING AG increases EBITDA by 52 percent in Q3/2010
XING AG increases EBITDA by 52 percent in Q3/2010
* EBITDA of €4.46 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 €4.46 million, the company’s highest ever operating result. This in turn equates to a 52 percent increase over Q3/2009 (€2.92…
XING makes successful start to financial year 2010
17 percent increase in revenue to €12.60 million
- €1.3 million profit
- EBITDA of €3.3 million
- 23 percent increase in member numbers compared to previous year
- 420,000 new members in Q1
Hamburg, May 12, 2010 - XING AG has made a successful start to the 2010 financial year with Q1 revenues of €12.60 million, which represents a 17 percent increase over figures for the same period last year (€10.75 million). This positive development…
XING AG Increases Revenue by 28 Percent
Course set for further growth
* 25 percent membership increase to 8.75 million worldwide
* 29 percent more members on the domestic German-speaking market
* 25 percent rise in number of paying Premium customers
* Revenue growth of 11 percent in the new "Jobs" section bucks negative market trend
Hamburg, March 30, 2010 - XING AG increased its revenues…
Marc-Sven Kopka to be new Vice President Corporate Communications at XING
Hamburg, December 18, 2009 - Starting January 15, 2010, Marc-Sven Kopka (41) will be joining the management of the publicly listed XING AG (ISIN: DE000XNG888) as the new Vice President Corporate Communications. Mr. Kopka will report in this role directly to the CEO of XING AG, Dr. Stefan Gross-Selbeck.
Before taking up his new post at XING AG, Mr. Kopka was most recently Head of Corporate Communications at WestLB AG…
Companies now have their own online presence on the XING business network
Hamburg, November 26, 2009 – XING continues to expand its services for companies. Corporate customers, associations and organizations can now use XING Company Profiles to bolster their online presence with an individualized profile on Europe's leading network for business contacts. For the first time, companies and organizations can acquire a professional online presence in the active XING Community, enabling them to engage customers and other interested individuals in dialogue within…
Strong revenue growth for XING AG in Q3
Total revenues increase by 32 percent to €33.2 million
- 29% new Premium members in 12 months
- Rapid member growth in international core markets
- Boosted competitive advantage – with over 3.6 million members, XING is the largest, most active and fastest-growing business network in Germany, Austria and Switzerland
- New sources of revenue established in e-Recruiting
Hamburg, November 12, 2009 – XING AG (ISIN DE000XNG888) continues its course of profitable growth.…
XING AG: Dr. Helmut Becker assumes new post as Chief Commercial Officer
Hamburg, September 15, 2009 – Dr. Helmut Becker started his position today as the new Chief Commercial Officer (CCO) of the publicly listed XING AG (ISIN: DE000XNG888). This appointment marks the arrival of another highly experienced Internet manager at the leading European online business network, and is set to stand the company in good stead for the planned expansion of its business operations. Prior to taking up his new post…
XING AG invests in the midst of the crisis, boosts midyear revenues by 35 percen …
• Total revenues increase by 35 percent to €21.54 million
• 41 percent higher revenues from Premium Memberships
• Over 635,000 paying members around the world
• 21 percent growth for XING Jobs
• Key investments for new business models already made in H1
Hamburg, August 13, 2009 – XING AG (ISIN: DE000XNG888) today announced total revenues of €21.54 for the first six months of 2009. This is an increase of 35 percent over total revenues for H1/2008…
XING AG expands its management
Hamburg, July 24, 2009 – XING AG (ISIN DE000XNG888) is expanding its management team. The Supervisory Board has appointed Dr. Helmut Becker to the Executive Board as of September 15, 2009. He shall join the Executive Board in the newly created position of Chief Marketing and Sales Officer, fusing together the reporting lines of marketing and sales at XING AG.
Dr. Becker most recently held the post of Senior Director of…
XING Partner Ecosystem starts with 16 applications from 13 partners
The new XING Partner Ecosystem is paving the way for even more diverse ways for the over 7.5 million XING members to benefit from the platform in their daily working lives. At the same time, the launch marks the opening up of the leading European business network for new applications from third-party developers.
Hamburg, July 22, 2009 – A total of 16 applications from XING and 13 new partners…
Ingo Chu assumes new post as CFO of XING AG
Hamburg, July 01, 2009 – Ingo Chu (38) started his position today as the new CFO of the publicly listed XING AG, based in Hamburg, Germany. Prior to taking up his new post at the company, Mr. Chu worked for nearly 14 years at the Bertelsmann Group, as a manager in the TV and eCommerce divisions. His most recent position was as CFO of the RTL Shop GmbH in Cologne/Hanover.…
XING has a new live Twitter search
Hamburg, June 25, 2009 –XING (www.xing.com) – the leading European business network – will today launch Twitter Buzz, a new web-based app allowing professionals to keep up on trends and opinions on the popular microblogging service, Twitter. The app gives over seven million XING members access to a real-time Twitter keyword filter, and shows results directly on the personalized XING member home page. With Twitter Buzz, you can search for…
XING AG continues profitable growth
• New development strategy leads to an accelerated tempo of innovation
• XING opens up to third parties
• Number of employees increased by 89 percent to prepare for growth
• New CFO of XING starting July 1: Ingo Chu
Hamburg, May 14, 2009 – In the first three months of this year, the business network run by Hamburg-based XING AG, listed on the Frankfurt Stock Exchange, gained 51 thousand new paying members. 601 thousand XING members…
New on XING: Free and automatic display of companies, organizations and professi …
Beta version begins with over 96,000 Company Pages
Hamburg, April 16, 2009 – XING, the leading European business network, will now display automatically generated profiles of companies, organizations and professional associations. Having been available to an initial group of test users since last week, over 500,000 paying Premium Members based in the German-speaking world will now have the opportunity to tap into the network potential of nearly 100,000 company profiles…
Eoghan Jennings to leave XING AG effective September 30
Hamburg, April 8, 2009 – Eoghan Jennings is stepping down as Chief Financial Officer of XING AG on April 30, in order to pursue new business endeavors in the fields of venture capital and corporate finance. Since joining XING AG – the operator of the leading European business network XING – in October 2004, he has been instrumental as CFO in successfully establishing the solid foundations of the company and…
XING AG continues profitable growth and boosts revenues by 80 percent
∙ Rising membership figures led to increase in revenues and profits in 2008
∙ XING plans to introduce new features in Q2/2009
∙ Recruiters will become more important to XING and its professional members
∙ Europe’s leading business network will continue to expand market positions
∙ New development strategy to accelerate speed of innovation
∙ XING reorganizes its management structure and plans to create new jobs
Hamburg, March 26, 2009 - The online business network operated…
Business network XING opens subsidiary in Milan
Cipriano Moneta appointed new Country Manager for Italy
Milan, March 3, 2009 – The publicly listed XING AG (O1BC) – operator of Europe’s leading network for business contacts – is continuing on its clear course of international expansion. The opening of a new subsidiary office in Milan means that XING AG is now present at a local level for the thriving online community in Italy. The Company has appointed Cipriano Moneta…
Hamburg-based XING AG grows to over 200 employees
The 200th employee will be supporting the team in Barcelona as a Community Manager
- Market leader in Spain intends to grow to over 1 million members
Hamburg, February 18, 2009 - The publicly traded XING AG in Hamburg reaches another milestone in the company’s history and welcomes their 200th employee, Cristina García Rodríguez. Ms. García Rodríguez, who studied journalism and had been working the area of SEM marketing at Yahoo in…
XING AG increases revenues by 80 percent and continues to grow profitably
Hamburg, February 11, 2009 – XING AG (O1BC) can report the most successful financial year in the Company’s history, according to preliminary and unaudited results. In spite of the difficult overall economic climate, the Company has achieved a significant rise in all of its key performance indicators over the previous financial year.
The Hamburg-based Company XING AG continues on its path of profitable growth. More than 2 million new members have…
XING AG hires Chief Technical Officer (CTO), expands Executive Board to four mem …
Hamburg, February 06, 2009 – Acting upon a request of the current Executive Board to add a fourth member, the Supervisory Board of XING AG (O1BC/ISIN DE000XNG888) has voted to expand the Executive Board to include a Chief Technical Officer. Consequently Michael Otto, 37 years of age, has been appointed CTO, and will assume responsibility for the development of technology and the implementation of new features on the XING platform.…
Dr. Stefan Gross-Selbeck assumes new post as CEO of XING AG
Hamburg, January 15, 2009. With effect from today, Dr. Stefan Gross-Selbeck has taken up his position as the new CEO of the publicly listed XING AG (O1BC/ISIN DE000XNG888). Originally reported in November 2008, today’s announcement marks a smooth transition at the top of the company’s Executive Board as planned. He succeeds the company’s Founder, Lars Hinrichs, who will become a member of the Supervisory Board, where he will continue to…
XING AG purchases socialmedian Inc.
Transaction enables a technological jump on integrating business news into Europe's leading business network
- Socialmedian CEO Jason Goldberg joins XING in Hamburg, Germany in the newly created position of Vice President XING Applications Platform
- The company will launch integrated products in 2009
Hamburg / New York, December 19, 2008. The publicly listed XING AG (O1BC / ISIN DE000XNG888) announces today it has purchased New York-based socialmedian Inc., a leading innovator…
T-Systems launches new XING Enterprise Group for employees and alumni worldwide
Hamburg, December 1, 2008 – T-Systems is inviting all former and current employees around the world to start networking with one another in the “T-Systems Community” on XING at xing.com/net/tsystems. Tailored to the specific requirements of the company, the group will encourage active dialogue and facilitate lively exchanges amongst employees and alumni of the multinational company.
“Global alumni management will become increasingly important for us in the future. All employees –…
Lars Hinrichs, founder and CEO of XING, hands over to Dr. Stefan Gross-Selbeck
Supervisory Board appoints Dr. Stefan Gross-Selbeck as new CEO of XING AG with effect as of January 15, 2009
- Founder and current CEO Lars Hinrichs becomes member of Supervisory Board
Hamburg, November 24, 2008 – From January 15, 2009, Dr. Stefan Gross-Selbeck has been appointed as the new CEO of XING AG (O1BC/ISIN DE000XNG888), Europe’s leading online business network. He will pursue and broaden XING’s growth strategy. Dr. Stefan Gross-Selbeck…
XING makes its job listings even more relevant for its 6.5 million members
Successful beta test phase completed; Marketplace improved
- XING members can decide which listings are relevant
- 20 percent increase in job listings since Summer 2008
Hamburg, November 21, 2008 – Starting today over 6.5 million members at XING, the leading network for business contacts in Europe, can rate the job listings displayed on their start page. This will allow job listings on XING to be even more custom tailored to individual…
Announcement Pursuant to Art. 4 para. 2 of Commission Regulation (EC) No. 2273/2 …
The Management Board of XING AG has resolved with the consent of the Supervisory Board to buy back shares of the company with a value of up to EUR 4 million. The share buyback shall be conducted from November 11, 2008 on and is to be ended on April 30, 2009 at the latest.
With this move, the Management Board makes use of the authorization to acquire own shares accounting for…
XING AG: Profits double as membership base grows by 53 percent
86 percent rise in revenues over previous year quarter
EBITDA margin increases by 40 percent in Q3/2008
Net profit doubles within nine months to 4.72 million euros
Hamburg, November 10, 2008 – XING AG (01BC) has successfully expanded its online membership base in the last twelve months by 53.6 percent to a total of 6.53 million members. This figure is testament to how the listed Company is continuing to strengthen and build upon…
XING AG appoints Thorsten Vespermann as Director Corporate Communications
Hamburg, October 6, 2008 – XING AG (ISIN: DE000XNG888), operator of XING – the leading network for business contacts in Europe – has appointed Thorsten Vespermann (42) to manage its Corporate Communications department with immediate effect.
“Having conquered the business networking market in Europe, XING is now well on the way to gaining pole position in other parts of the world as well. I am very drawn by the prospect…
Davide Villa to set up international B2B business for XING
Hamburg, September 16, 2008 – The Executive Board of XING AG appointed Davide Villa as Senior Vice President B2B. Villa will assume responsibility for the newly created department from today, and shall manage all German and international B2B activities, including XING Marketplace, Advertising, Best Offers, Company Pages, and Enterprise Groups.
"I'm very excited about helping XING expand its leading position in the European market. This business area has an enormous…
XING reports over a half a million paying customers
Hamburg, Germany, September 10, 2008 – XING AG (ISIN: DE000XNG888), operator of XING – the leading network for business contacts in Europe – has exceeded the 500,000 mark of Premium Members and added approximately 140,000 net new payers in the first eight months of this year. This revelation comes after the half-year results 2008 showed that the company had tripled its profits and doubled its revenues.
“The fact that XING…
Relevant job listings for all – XING enhances Marketplace functionality
Hamburg, 1 September 2008 – XING (www.xing.com) today begins testing a new rating system that will ensure its members are shown more relevant job postings. XING is making changes to Marketplace, its jobs site, to allow members to rate the degree of their interest in the job listings that they see. This information will be fed into the system so that members can be shown job postings that are a…
“2 for 1” Happy Hour at XING
The countdown begins: Two months\' Premium Membership for the price of one for basic members this June - Cheers!
Hamburg, June 2, 2008 – This month, XING is inviting basic members along to its Happy Hour at http://happy-hour.xing.com. All those who upgrade to one month’s Premium Membership during Happy Hour will receive a second month for free. Membership is renewed for another three months after this period, and can be cancelled…
XING locates business contacts with Google Maps
Business networks can be now visualized geographically
SAN FRANCISCO, U.S. and HAMBURG, GERMANY, April 25, 2008 – XING (www.xing.com) today announced a new feature with which its members can view the distribution of their business network with Google Maps. The integration of Google Maps into the XING platform gives members a new perspective on their personal network, visualizing geographic locations of their direct business contacts on a map or satellite display.…
XING AG now has over 5 million members
2007 shows strongest growth in members and paying members in the history of the Company
Hamburg, February 19, 2008 – At the end of January 2008, the XING AG
(ISIN: DE000XNG8888) counted over 5 million registered members worldwide. Alongside the acquisitions in Spain and Turkey, a particularly strong engine of growth for increasing membership figures is the continued organic growth in Europe.
\"We delivered outstanding results for the 2007 fiscal year, and…
XING AG acquires cember.net, Turkey’s leading online business network
Takeover of profitable Turkish platform cember.net further extends XING’s market leadership in Europe
- cember.net – the largest business network in Turkey with over 280,000 members
- Acquired network is highly compatible with the XING platform
Hamburg, January 23, 2008 – XING AG (ISIN: DE000XNG8888), the European market leader for business networking, has acquired cember.net (www.cember.net), the largest network for business contacts in Turkey. This is the third acquisition realized by XING AG…
XING announces: “What's new in my network”
New service keeps members up to speed on what is happening in their own personal networks
SAN FRANCISCO, U.S. and HAMBURG, GERMANY, November 30, 2007 – XING (www.xing.com) will be launching a new real-time feature on Monday, December 3, 2007: “What’s new in my network” gives XING members live updates on their start page of the latest developments within their own personal networks. Now XING members will be able to see…
XING launches online ads on platform
SAN FRANCISCO, U.S. and HAMBURG, GERMANY, November 12, 2007 – XING AG (ISIN: DE000XNG8888), operator of XING.com – one of the world’s leading business networks – announced that it will incorporate online advertising onto the platform before the end of Q4 2007. This move by XING AG will generate new income in addition to its strong revenues from subscription-based Premium Memberships. The additional revenues from Marketplace and advertising will fund…
XING upgrades groups for all members
Premium standard for over 7,600 XING groups
• Enhanced community solution at no cost
• Additional functionality for moderators and members
Hamburg, November 9, 2007- XING (www.xing.com), today announced that it will be launching its enhanced group product on November 11, 2007. Former basic groups will be merged with the Premium Group product, which has been fee-based up until now – effectively upgrading all basic groups with additional services and improved functionality. Each and…
XING joins first wave of OpenSocial API launch
Google launches OpenSocial APIs for building social applications on the Web
• XING to reap rewards of standard infrastructure and vast distribution network
• Members to benefit directly from faster innovation for new social features
SAN FRANCISCO, U.S. and HAMBURG, GERMANY – November 2, 2007 – XING (ISIN: DE000XNG8888) the international business networking platform (www.xing.com), today announced that it will be supporting the new OpenSocial APIs developed by Google. OpenSocial is a set…
XING AG Opens up Further Income Source with Marketplace
Job listings can be posted from 0.49 euros
• No minimum fees or fixed rates
• Cost controlling for employers with a click limit
Hamburg, October 11, 2007 – Since being launched in May 2007, XING Marketplace has established itself as a successful market for job listings. Now with the introduction of the new billing system for Marketplace offers, XING AG is opening up a new potential for additional income: Starting October 12,…
XING totals four million members
Growth of acquired Spanish networks accelerates appreciably
- New XING functions are used by members intensively
- Current XING survey once again confirms benefits for members
Hamburg, September 10, 2007 – XING AG, operator of the international business and career network XING (www.xing.com) and the Spanish platforms eConozco (www.econozco.com) and Neurona (www.neurona.com) has exceeded the four-million-member mark as of the beginning of September 2007. The Spanish networks Neurona (with over one million members…
XING Powers Mobile Business Networking
Contacts, messages, and jobs available at the click of a mouse
• Complete relaunch of the XING Mobile portal
• Supports all mobile providers and all mobile phones, including: the iPhone, PDAs, and Blackberrys
Hamburg, August 30, 2007 – XING (www.xing.com) has been at the forefront of mobile business networking since launching its Mobile service in 2005. The new XING Mobile service is now even faster and easier to navigate, and includes…
XING AG continues profitable course of growth
Number of registered members rose to approximately 3.5 million, including Spanish acquisitions
• Market leadership in Spain secured
• Increase in revenues in Q2 by 97 percent to 4.29 million euros over Q2 2006
• Q2 2007 EBITDA increased by 70 percent to approx. 0.9 million euros over Q1 2007
• Consolidated net profit 52 percent higher than previous quarter
• Disposal of First Tuesday AG planned in Q3 2007
Hamburg, Germany, August 21, 2007…
