XING AG Increases Revenues by 80 Percent

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HAMBURG, GERMANY - 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 registered on the leading network for business contacts in Europe over the course of the last 12 months. By the end of the 2008 financial year, a total of more than 7 million business professionals were therefore active on XING. Having gained 188 thousand additional Premium Members, the Company can report a total of approximately 550,000 paying members subscribed to its online platform as of the end of 2008 -- enabling it to exceed the previous year's growth for this reporting period.

"Our figures for the financial year just passed once again reflect the qualitative growth that our business model facilitates and place us in a strong position amongst those with much to gain from the current financial situation. The first weeks of the new year have shown that more and more business professionals across Europe are turning to XING for their business networking needs," commented Thorsten Vespermann, Director Corporate Communications at XING AG.

Written by: Simone Baldassarri Wednesday, 11 February 2009 00:00 Last Updated on Tuesday, 24 February 2009 01:39
 

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