Lars Hinrichs (XING) and Kathy Johnson (Consort Partners)

Originally uploaded by kathyjohnson

Today XING announced they’ve surpassed the 5 million member mark, solidifying their position as Europe’s leading professional network. They also met their guidance numbers with revenues of €19.61M (~$29M) and EBITDA of €6.89M (~$10.1M). These results indicate that XING has reached its initial FY 2007 forecast of approximately doubling revenues and achieving EBITDA margin of 30-35%, while profitability is at the high end of the previous guidance. Well done to Lars, Daniela and the XING team – you continue to stay ahead (see picture!) of the pack!