(updated after another change in direction)

FRANKFURT (dpa-AFX) - The shares of New Work did not spare investors' nerves on Thursday. Initially, they rose sharply after the presentation of the figures in the morning. However, investors quickly took advantage of this to get out of a share that has been one of the worst-performing SDax stocks so far in 2023. It has already lost more than half of its value this year. The situation calmed down later, and the share was even trading one and a half percent higher again in the afternoon.

The parent company of the career network Xing continues to struggle with the meagre demand for its products in a difficult market environment. Reasons include the current situation on the labor market and subdued demand for recruitment solutions. Although New Work exceeded market expectations in terms of profit in the third quarter, turnover was disappointing./tih/stk/he/men