11/20/2007 | XING

Press release: 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
Revenues¹ increase by 16% from previous quarter to 4.94 million euros
EBITDA¹ increases by 83% from previous quarter to 2.07 million euros
EBITDA- Margin¹ at 31% for the first nine months
Net profit¹ 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.

Revenues¹ 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, revenues¹ 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 EBITDA¹ 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/IFRSS
	Q3 2007	Q2 2007	9M 2007	Q3 2006	9M 2006
Revenues in €m¹	4.94	4.28	13.13	2.67	6.26
EBITDA in €m¹	2.07	1.13	4.13	0.59	0.18
EBITDA margin¹	42%	26%	31%	22%	3%
Net result in €m¹	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 millions²	4.25	3.52	4.25	1.45	1.45
of which Premium Members	0.325	0.285	0.325	0.1789	0.189
Number of contact connections in millions	63.6	56.1	63.6	35.2	35.2
Employees	109	111	109	70	70

¹Continuing operations
²Since 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.

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