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Germany – StepStone overtakes Monster

13 September 2012

StepStone, the European online job site, has overtaken rival company Monster with twice as many people visiting its German site in August, the company reported this week.

This follows rumours that Monster is up for sale as the online recruiter has been troubled with competition emerging from social networking sites.

StepStone recorded around 7.9 million visits in the month, seeing a +20% increase from a year ago as independent figures from the research institute IVW has found.

“The number of visits per month is very important to our 20,000 customers because it tells you how high the probability actually is of reaching a suitable candidate,” said Sebastian Dettmer, CEO of StepStone Germany.

Monster has lost much of its market value since listing on the stock market, leaving analysts to speculate whether the company has been unable to keep up with its competitors. The firm recently reported a sharp drop in second-quarter profits at net income more than halved.  

StepStone, on the other hand, has seen continued growth and recently acquired UK job board Totaljobs Group for €132 million.

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