The Hamburg-based Xing network for professionals hit a record 1.8 million new members in 2016 bringing member numbers to nearly 12 million this year, according to preliminary annual results released on February 23, 2017. In late 2016, Xing had 11.4 million members in its core market of Germany, Austria and Switzerland. Thomas Vollmoeller, CEO of Xing AG, said: “In 2013, we set the goal of doubling our turnover in 2016 by 2016 – and we have delivered.” Xing’s total turnover came to EUR 148.5 million in 2016 and was 21 per cent higher than the EUR 122.9 million in 2015.
Stronger target-group orientation
Xing extended its news division last year with over 6 million views articles produced in the “Klartext” section and 700 authors including Dr. Frank Appel, CEO of Deutsche Post AG, Andrea Nahles, Minister for Labour, Heiko Maas, Minister for Justice, Peter Maffay, musician, Philipp Lahm, professional soccer player, and the cabaret artist Dieter Hallervorden. In 2016, Xing catered to many new target groups especially students with sections such as Xing Campus as a new means of jobs orientation.
Recommendations manager for companies
Xing also has new offers for corporate clients such as the recommendations manager (Xing EmpfehlungsManager). This digital tool helps companies fill vacancies quickly and cost-effectively based on recommendations from within their own companies. The tool used algorithms to find suitable candidates among their employees’ contacts on Xing.
Founded in 2003, Xing has been a publicly-listed company since 2006 and has been on the TecDax since September 2011. Members contact each other in around 80,000 groups or network at over 150,000 related professional events annually. Xing employs more than 900 people in Hamburg, Munich, Aschaffenburg, Barcelona and Vienna.
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