DGAP-Adhoc

XING AG: Executive Board proposes 48 per cent dividend increase for 2014: exceptional non-cash impairment on stake in XING Events GmbH impacts net results.

XING AG / Key word(s): Dividend/Preliminary Results

20.02.2015 18:51

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Hamburg, 20 February 2015 - At its meeting held today, the Executive Board
of XING AG (O1BC/ISINDE000XNG888) unanimously resolved to propose to the
Supervisory Board a 48 per cent regular dividend increase compared to the
previous year. A total of around EUR 5.1 million or EUR 0.92 per share
(previous year: EUR 0.62) is proposed to be paid out to XING AG
shareholders. This decision is based on the preliminary financial results
for 2014, which provide for an increase in Group revenues generated by the
Company in 2014 (20 per cent increase to EUR 101.4 million compared to
2013)as well as in the Group's earnings positions adjusted for kununu
earn-outs and extraordinary items (30 per cent increase in EBITDA to EUR
31.6 million, 49 per cent increase in net income to EUR 15.7 million, and
48 per cent increase in earnings per share to EUR 2.81, each compared to
2013). In addition, the Executive Board unanimously resolved to completely
impair ist stake in XING Events GmbH due to changed market conditions. This
impairment has a negative impact of EUR 8.1 million on XING AG's annual
accounts and of EUR 7.1 million on XING AG's IFRS consolidated group
financial statements. The impairment has no cash effect and does neither
affect the strategy nor the long-term outlook of the XING group. Euro
amounts mentioned above are all based on unaudited and unapproved financial
statements and may therefore be subject to change. The company will publish
its preliminary results for the 2014 financial year on Monday 23 February
2015. The audited and approved figures and the 2014 Annual Report will be
published on 25 March 2015.


20.02.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: XING AG
Dammtorstraße 30
20354 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.xing.com
ISIN: DE000XNG8888
WKN: XNG888
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

End of Announcement DGAP News-Service

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