NEW WORK SE Q2
2023
Half-year report
January 1 to June 30, 2023
To our shareholders | Interim Group management report | Interim consolidated financial statements | Other information |
Consolidated key figures 1
Our sites
Unit | H1 2023 | H1 2022 | Q2 2023 | Q2 2022 | Q1 2023 | |
Revenues | in million € | 151.7 | 152.6 | 75.8 | 78.0 | 75.9 |
Pro forma revenues | in million € | 151.7 | 152.6 | 75.8 | 78.0 | 75.9 |
EBITDA | in million € | 38.6 | 53.5 | 23.1 | 27.8 | 15.5 |
Pro forma EBITDA | in million € | 40.8 | 53.5 | 22.9 | 27.8 | 17.9 |
EBITDA margin | in % | 25 | 35 | 31 | 36 | 20 |
Pro forma EBITDA margin | in % | 27 | 35 | 30 | 36 | 24 |
Net profit/loss for the period | in million € | 17.1 | 23.3 | 10.0 | 11.2 | 7.0 |
Pro forma consolidated | ||||||
net profit/loss for the period | in million € | 18.1 | 24.3 | 9.7 | 11.7 | 8.4 2 |
Earnings per share (diluted) | in € | 3.04 | 4.15 | 1.78 | 2.00 | 1.25 |
Pro forma earnings per share (diluted) | in € | 3.21 | 4.33 | 1.72 | 2.08 | 1.50 2 |
Cash flow from operations | in million € | 50.8 | 53.3 | 16.7 | 14.4 | 33.7 |
Equity | in million | 125.4 | 124.8 | 125.4 | 124.8 | 153.2 |
XING platform members, D-A-CH | in million | 21.9 | 21.0 | 21.9 | 21.0 | 21.7 |
InterNations members | in million | 4.8 | 4.4 | 4.8 | 4.4 | 4.7 |
kununu workplace insights 3 | in million | 9.3 | 7.2 | 9.3 | 7.2 | 8.8 |
B2B E-Recruiting customers, | ||||||
D-A-CH (subscriptions) | number | 14,489 | 13,679 | 14,489 | 13,679 | 14,493 |
Employees (FTE) | number | 1,827 | 1,754 | 1,827 | 1,754 | 1,894 |
1 | GERMANY | 3 | SWITZERLAND |
Hamburg | ZURICH | ||
Berlin | 4 | SPAIN | |
Munich | |||
Barcelona | |||
2 | AUSTRIA | Valencia | |
Vienna | 5 | PORTUGAL | |
Porto
1
2
3
- from continuing operations
- retrospectively restated
- improved counting method for workplace insights after product update with one-time effect of less than 1 percent on total number
Contents | 4 | To our shareholders |
8 Interim Group management report | ||
22 | Interim consolidated financial statements | |
33 | Other information | |
54
Half-year report 2023 | 2 / 34 |
To our shareholders | Interim Group management report | Interim consolidated financial statements | Other information |
Company profile
New Work SE Group is committed to a better world of work. ///
With its strong brands such as XING, kununu and onlyfy by XING, combined with the largest talent pool in the D-A-CH region, it competes to be the most important recruiting partner in the German-speaking world. /// It brings candidates and companies together, enabling employees to lead more satisfying professional lives and helping businesses to achieve greater success by hiring the right talent. /// Listed since 2006, the Company is headquartered in Hamburg and employs a total of around 2,000 staff at several locations including also Berlin, Vienna and Porto. /// For more information, see →new-work.se and →nwx.new-work.se.
HARBOUR FOR
Strong brands
Five brands, one goal: to shape the future of work in the interests of people.
Half-year report 2023 | 3 / 34 |
To our shareholders | Interim Group management report | Interim consolidated financial statements | Other information |
Contents
To our shareholders
5 Letter to our shareholders
7 The New Work SE shares
Half-year report 2023 | 4 / 34 |
To our shareholders | Interim Group management report | Interim consolidated financial statements | Other information |
Letter to our shareholders
CEO of New Work SE Petra von Strombeck
Letter to our shareholders
Dear Shareholders,
Relatively early in the year - and with relevant indices and indicators still signaling an unbroken recovery in the economy and labor market now that the COVID years are finally behind us - we were forced to face up to the fact that the market was deteriorating rapidly. Companies appeared increasingly hesitant to purchase our HR solutions, putting pressure on new business. While some observers were surprised by this development given how healthy the market still appeared to be, the German economy is now generally acknowledged to be in recession as the impact of various challenges - from inflation and energy prices to supply bottlenecks - become apparent wherever you look. Although the shortage of skilled workers is still one of the hottest topics, companies are currently prioritizing a variety of other issues. With this in mind, we were quick to update our guidance. While this is not good news, it is particularly important for us to communicate openly and transparently with capital market participants like you in challenging times.
We can see the effects of the recession in our financial key performance indicators for the first half of 2023, with total pro forma revenues remaining at the previous year's level at just under €152 million. Our pro forma EBITDA fell by 24 percent to €41 million, while pro forma net income for the year declined to €18 million.
Half-year report 2023 | 5 / 34 |
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Disclaimer
New Work SE published this content on 14 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2023 07:52:03 UTC.
