EANS-News: Hypoport considerably boosts revenue and profitability - Financial
results for the first half of 2012
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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quarterly report
Berlin, 6 August 2012 (euro adhoc) - Despite continued challenging market
conditions, web-based financial service provider Hypoport generated significant
growth in all business units and thereby bucked the market trend in the first
six months of 2012. Revenue rose by 17 per cent to EUR42 million, enabling the
company to expand its market share. EBITDA increased by 34 per cent to EUR5.2
million.
"A company that wishes to grow in a stagnant financial services market needs the
best talent available and a diversified, innovative business model," believes
Ronald Slabke, Chief Executive Officer of Hypoport AG. "Our half-year figures
show that we have the right 'genes' to achieve steady and profitable growth
with, and for the benefit of, our customers and partners in a consolidated
market environment."
Hypoport's revenue went up by 17 per cent to EUR42 million (HY1 2011: EUR35.8
million) on the back of double-digit revenue growth in all three of its business
units. The Financial Service Providers business unit has benefited from benign
funding conditions, the continued popularity of its consumer-friendly 'open'
architecture in the distribution of financial services, and the ongoing
expansion of the EUROPACE marketplace owing to its success in attracting new
product suppliers and advisors. The low level of interest rates has also boosted
lending business and, consequently, revenue growth in the Private Clients
business unit. Forthcoming and recently introduced regulation in the insurance
market in conjunction with the volatility of capital markets are proving to be
highly disconcerting for product suppliers, intermediaries and consumers in this
product segment, causing them to behave very cautiously. The Institutional
Clients business unit has expanded its leading position as a financial and
insurance advisor to German housing companies, local authorities and commercial
property investors. Its success in closing several big-ticket financing deals
with customers provided an additional boost to its growth.
The strong revenue growth across the three business units, which resulted in
EBITDA of EUR5.2 million (HY1 2011: EUR3.9 million), also resulted in a sharp
rise in profitability. Assuming that the market environment remains unchanged,
Ronald Slabke still expects the Company to achieve double-digit revenue growth
and a year-on-year improvement in net profit for 2012 as a whole.
The Report can be downloaded under www.hypoport.com/reports.html
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.
Europace AG - a wholly owned Hypoport subsidiary - develops and operates
EUROPACE, which is an online financial marketplace and the largest German
platform offering mortgages, building finance products and personal loans. A
fully integrated system links roughly 180 partners - banks, insurers and
financial product distributors. Several thousand users execute over 20,000
transactions worth a total of up to EUR3 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 500 people and is
listed in the Prime Standard of the Frankfurt Stock Exchange.
Further inquiry note:
Michaela Reimann
Press spokesperson
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