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Hypoport AG

EANS-News: Hypoport AG wins market share and generates consistent revenue

Berlin, (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet
12 March 2010: The Hypoport Group expanded its
market share across all business units in 2009, generating stable 
revenue in a financial services sector gripped by turmoil. Given the 
prevailing market conditions and the planned level of capital 
expenditure on the EUROPACE transaction platform, the Company's 
earnings before interest, tax, depreciation and amortisation (EBITDA)
fell year on year in line with forecasts.
The Hypoport Group continued to pursue its business model in 2009, 
thereby winning further market share. Its revenue in what was a 
crisis-ridden 2009 came to EUR50 million, which was only marginally 
below the record figure reported for the previous year (revenue in 
2008: EUR53 million). However, EBITDA fell significantly year on year
to EUR5 million (EBITDA 2008: 8 Mio. EUR). Prior to the financial 
crisis, when the Hypoport Group had been posting consistently strong 
growth, it had launched large-scale strategic projects. As expected, 
these incurred a considerable expense and caused EBITDA to come 
correspondingly lower in 2009. High-profile success stories were the 
growing popularity of Genopace among Germany's cooperative financial 
institutions and the launch of Finmas as a financial marketplace for 
German savings banks. Commenting on the financial services industry 
as a whole, Ronald Slabke, the co-CEO of Hypoport AG, noted: "This 
was a really tough year for all market participants, and none of us 
can be truly pleased with the results we've achieved in absolute 
terms. Although we expect conditions to remain challenging in 2010, 
we should be able to reap the rewards of our current efforts in 
subsequent years".
end of announcement                               euro adhoc

Further inquiry note:

Michaela Reimann
Group Communications Manager
Telefon: +49(0)30 42086-1936
E-Mail: michaela.reimann@hypoport.de

Branche: Financial & Business Services
ISIN: DE0005493365
WKN: 549336
Börsen: Frankfurt / regulated dealing/prime standard

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