Observed Signal · Aug 14, 2019 · Earnings Report · Source: OnlineMarketing.de · Impact: 2/5 · Sentiment: Positive
XING: 22% Profit Rise, 1M+ Members in H1
XING SE, renamed to New Work SE after a corporate rebrand, posted strong first-half 2019 results driven by B2B E-Recruiting and Marketing Solutions & Events. Revenue rose 18% year over year to €128.2 million, with B2C at €51.0m (+4%), B2B E-Recruiting up 31% to €65.3m, and B2B Marketing Solutions & Events up 24% to €11.9m. EBITDA reached €39.7 million, up 19%, and net profit increased 22% to €18.7 million. By end of Q2, XING Events counted around 17,000 organizers. At June 2019, total member count stood at 16.3 million (17.5 million including XING Events) in the German-speaking region. CEO Thomas Vollmoeller cited Honeypot’s acquisition as a growth lever and outlined the aim to make the New Work SE umbrella transparent across its brands, including XING, kununu, InterNations, Prescreen, HalloFreelancer, and Honeypot.
Strong half-year financials and strategic actions (acquisition of Honeypot and rebranding to New Work SE) indicate significant corporate momentum.
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Key Takeaways & Evidence Grounding
- Revenue up 18% to €128.2 million in H1 2019.
- Net profit up 22% to €18.7 million.
- EBITDA up 19% to €39.7 million.
- Members reached 16.3 million by end of June 2019 (17.5 million including XING Events).
- Acquired Honeypot and rebranded to New Work SE.
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