Hypoport AG

EANS-News: Hypoport AG expands market share significantly


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quarterly report


Berlin, 7 November 2011 (euro adhoc) - The strategy of expansion rigorously
pursued in the first nine months of 2011 enabled the Hypoport Group to raise its
revenue by an impressive 31 per cent to EUR58.8 million. The Company also
increased its EBITDA by 13 per cent.  

A comparison between the first nine months of this year and the corresponding
period of 2010 clearly illustrates that the Hypoport Group generated
double-digit percentage growth in all its revenue and earnings figures. Chief
Executive Officer (CEO) Ronald Slabke commented: "What people are now looking
for from financial services more than ever before is safety, security,
transparency and, above all, impartial advice that takes a holistic view of
their needs. Our business models, our cutting-edge technology and the expert
advice provided by our inhouse sales professionals satisfy these client
preferences and explain the success of our organisation".

Revenue rose by 31 per cent to EUR58.8 million (Q1-Q3 2010: EUR44.9 million).
All business units contributed to this growth. Gross profit advanced by 19 per
cent to EUR32.2 million on the back of the significant expansion of market share
(Q1-Q3 2010: EUR27.1 million). Consequently, earnings before interest, tax,
depreciation and amortisation (EBITDA) grew by 13 per cent to EUR7.8 million
(Q1-Q3 2010: EUR6.9 million). 

The Financial Service Providers business unit benefited from benign economic
conditions and the considerable market reach of the Europace, Genopace and
Finmas marketplaces. Revenue growth was boosted by our Europace technology's
market penetration - which continued to make progress as a result of the capital
expenditure committed in recent years - and strong demand for real estate. The
Private Clients business unit continued to strengthen its regional footprint in
both branch-based and agent sales. This segment is expanding beyond its
traditional core competence of mortgage finance by generating substantial growth
from its business in insurance products. In the third quarter of this year the
Corporate Real Estate Clients business unit successfully closed the big-ticket
deals that it had announced in the previous quarter. By obtaining new funding
partners from the insurance industry it managed to further consolidate its
market leadership and improve the terms and conditions offered to its customers.
Institutional Clients - the smallest of the business units - also successfully
defended its position as market leader and, consequently, made a valuable
contribution to revenue growth. Slabke still expects to see a significant
double-digit increase in revenue and very little year-on-year change in net
profit for the year as a whole. 


Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial services.
In the form of EUROPACE - its online financial marketplace - Hypoport develops
and operates the largest German platform offering mortgages, building finance
products and personal loans. A fully integrated system links more than 160
partners - banks, insurers and financial product distributors. Several thousand
users execute roughly 10,000 financing transactions worth a total of up to EUR2
billion on EUROPACE every month.

The Hypoport subsidiary Dr. Klein & Co. AG is an independent online distributor
of financial products. This firm's specialists provide private clients with a
full range of advisory services around mortgage finance, insurance and
investments. Dr. Klein & Co. AG has been a major financial service partner to
housing companies, local authorities and commercial property investors since
1954. Hypoport AG is headquartered in Berlin, employs more than 450 people and
is listed in the Prime Standard of the Frankfurt Stock Exchange.


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

end of announcement                               euro adhoc 
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company:     Hypoport AG
             Klosterstraße 71
             D-10179 Berlin
phone:       +49(0)30 42086-0
FAX:         +49(0)30 42086-1999
mail:     ir@hypoport.de
WWW:      http://www.hypoport.de
sector:      Financial & Business Services
ISIN:        DE0005493365
indexes:     CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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