FINDING A JOB AND MEANING? THERE HAS TO BE ANOTHER …

FINDING A JOB AND MEANING?

THERE HAS TO BE

ANOTHER WAY.

AND THERE IS.

IDEAS FOR A NEW WORLD OF WORK

Annual Report 2018

Key figures

Unit

2018

20179

2016

2015

Total revenues1 EBITDA, reported EBITDA margin, reported EBITDA, adjusted EBITDA margin, adjusted Consolidated net profit /loss, reported Consolidated net profit /loss, adjusted Earnings per share (diluted), reported Earnings per share (diluted), adjusted Regular dividend per share Cash flow from operations, reported Cash flow from operations, adjusted Equity XING users Germany, Austria, Switzerland (D-A-CH), total

thereof platform members thereof subscribers InterNations members thereof subscribers B2B E-Recruiting customers (D-A-CH) thereof B2B E-Recruiting segment (subscription) B2B Advertising&Events segment customers (D-A-CH) Employees

million million

in % million

in % million million

in in in million million million million million thousand million thousand

235.1 75.2 32 75.2 32 31.0 30.12 5.51 5.352 2.148 73.8 73.8 98.3 16.4 15.3

1,025 3.3 135

21,720 11,169

8,733 1,567

188.5 61.3 33 61.3 33 25.7 23.33 4.56 4.153 1.68 62.3 62.3 77.6 14.3 13.4 994 2.8 124

19,296 7,972 8,072 1,290

148.5 47.9 32 47.9 32 23.6 23.6 4.19 4.19 1.37 49.9 49.9 69.9 12.1 11.4 929

17,031 6.034 6,616 961

122.9 36.6 30 36.6 30 17.6 17.6 3.15 3.15 1.03 35.8 39.86 60.5 10.1 9.6 881

17,930

5,4647 792

1 Incl. other operating income 2 Adjusted for 0.9 million, or 0.16 per share, in non-operating income arising from the restatement of earn-out obligations 3 Adjusted for 2.4 million, or 0.41 per share, in non-operating expenses arising from acquisitions 4 Adjusted for 2.4 million in non-operating expenses arising from the earn-out obligation of kununu GmbH. 5Adjusted for 2.4 million in non-operating expenses arising from the earn-out obligation of kununu GmbH and the 7.1 million impairment of XING Events 6Due to changes in the IFRS guidance on accounting for purchase price obligations from earn-out arrangements arising from the acquisition of companies,

earn-out payments (relating to kununu in this case) must be recognized under cash flows from operating activities. The effect is ?3.9 million. The cash flows from operating activities for the reporting period, excluding the non-operating kununu effect, thus amounted to 39.8 million. 7 Change in calculation following segment consolidation 8 Proposal to the Annual General Meeting (June 6, 2019) 9 Restated retrospectively in accordance with IFRS 15/16

2014

101.4 29.2 29 31.64 314 6.2 15.75 1.10 2.805 0.92 34.2 34.2 43.4 8.3 8.0 835

17,197

2,196 649

Contents

2 TO OUR SHAREHOLDERS 2 Letter to our shareholders 6 On the road to New Work 18 Report of the Supervisory Board 26 Management Board 28 Supervisory Board 30 XING shares

34 GROUP M ANAGEMENT REPORT 35Business and strategy 42 Corporate social responsibility (CSR) 44 Business and operating environment 60 Risk report 66Report on expected d evelopments

and opportunities 70 Remuneration report

84CONSOLIDATED FINANCIAL STATEMENT 85Consolidated statement of comprehensive income 86 Consolidated statement of financial position 88 Consolidated statement of cash flows 90Consolidated statement of changes in equity 91 Notes to the consolidated financial statements

130 OTHER INFORMATION 130 Responsibility statement 131 Independent auditor's report 138Financial calendar 138 Publishing information and contact

XING is the leading social network for p rofessionals in the German-speaking market

XING provides advice and support to its members during the upheavals in the world of work. In an environment marked by a shortage of skilled workers, digitalization, and changes in values, XING helps more than 15 million members achieve as harmonious a work/life balance as possible. This allows members to contact each other directly and stay in touch via messages. They can use XING Jobs to find the position that matches their individual needs while XING News enables them not only to keep up-to-date and participate in the debate but also to learn more about the changes and trends in the new world of work.

In early 2013, XING further strengthened its position as the market leader in social recruiting by acquiring kununu, the leading employer review platform in the German-speaking market. XING continued on its growth trajectory in 2017 by acquiring Prescreen, the fastest-growing applicant tracking system (ATS) provider in Europe, and InterNations, the world's largest network for people who live and work abroad (expats).

Established in 2003, XING has been listed since 2006 and has been a TecDAX member since September 2011.

On XING, members exchange ideas through millions of private messages, actively participate in almost 90,000 groups, or network personally at one of more than 130,000 professionally relevant events each year. XING has a presence in Hamburg, Berlin, Munich, Barcelona, Valencia, Vienna, Porto, Zurich and Boston.

XING SE Annual Report 2018

To our shareholders

2

Letter to our shareholders

WE LIVE NEW WORK

Letter to our shareholders by Dr. Thomas Vollmoeller, CEO

Dear shareholders,

I am pleased to present you with the figures for 2018, which was yet another successful financial year for us.

XING SE again continued on its growth trajectory over the past year. Total revenues rose by 25 percent to 235.1 million (previous year: 188.5 million). The growth rate was 21 percent when adjusted for the acquisitions of InterNations and Prescreen. All of our segments con tributed to this growth.

The B2C segment, which reports income from members for paid services, grew by 12 percent in the past year to 99.9 million (89.5 million). The growth rate was 5 percent when adjusted for acquisitions. For the first time, the B2B E-Recruiting segment was both the largest source of revenue and the biggest growth driver for XING SE. With its innovative solutions that help companies to find and recruit talent amid an increasingly acute shortage of skilled workers, this segment generated revenues of 108.7 million ? a rise of 40 percent (39 percent on an adjusted basis) compared to the previous year. The B2B Marketing Solutions&Events segment also recorded considerable growth, with revenue rising by 22 percent to 21.7 million. XING SE lifted EBITDA by 23 percent to 75.2 million (61.3 million), while net income adjusted for one-off earn-out adjustments rose by 29 percent to 30.1 million.

XING SE Annual Report 2018

To our shareholders

3

Letter to our shareholders

XING CEO Dr. Thomas Vollmoeller

25%

growth in total revenues to 235.1 million

1.9 million

new members in 2018

As the leading professional network in the German-speaking world, XING welcomed 1.9 million new members over the past financial year. The network's membership base also expanded to 15.3 million by the end of 2018, of which more than 1.0 million people made use of XING's paid memberships. As a result, XING had 16.4 million users including XING Events users by the end of the year. The XING E-Recruiting segment also attracted more than 3,100 new B2B corporate customers with subscriptions during the year under review, meaning that more than 11,000 companies now recruit skilled employees via the XING platform. This platform gives employers easy access to the German-speaking world's largest talent pool ? while XING members also benefit from the professional opportu nities generated as a result.

The Company's other brands also recorded gains in 2018. InterNations, the network for professionals posted abroad by their employers, had 3.3 million members worldwide by the end of last year ? a rise of 16 percent. This figure included 135,000 subscribers. kununu, the leading employer review platform in Europe, increased the number of reviews on its portal to 3.2 million and reached an average of 4 million visits per month last year. ATS provider Prescreen significantly raised the number of corporate customers to more than 1,000.

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