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Hypoport AG

Q3 results: Hypoport AG boosts turnover

Berlin (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
balance/Q3 results
8 November 2008: The corporate strategy adopted
by Hypoport AG is continuing to prove its ability to resist crisis. 
Both of the Group's flagships - its EUROPACE transactions platform 
and Dr. Klein, its provider of all-round financial services - are 
successfully withstanding the crisis and again showed impressive 
growth against the trend in the third quarter 2008
The third quarter marked a new record for Hypoport AG when the 
transaction volume of its EUROPACE platform reached Euro 3.767 
billion, equivalent to a percentage increase of more than 20% 
compared with the same quarter last year. Overall, mortgage financing
transactions worth Euro 3.466 billion and private loans of Euro 0.301
billion were processed.
The GENOPACE platform operated jointly in collaboration with 
cooperative banks also showed positive development. This platform is 
based on EUROPACE technology. Although only launched in April 2008, 
it still managed to pass the transactions mark of Euro 100 million by
the close of the last quarter.
Dr. Klein, the Group's provider of all-round financial services, was 
also able to report a marked increase in turnover: At Euro 8.5 
million, turnover in the third quarter reflected a 39% increase in 
mortgage financing transactions and investment products compared with
the same quarter last year.
The otherwise positive results were clouded somewhat by the closure 
of the loss-making "EUROPACE for ABS investors" division. One-off 
special depreciation on software developments and accruals for 
contract terminations weighed on the third quarter, pushing operating
EBIT from Euro 1.140 million down to a loss of Euro 1.392 million for
the quarter.
Since the remaining divisions of Hypoport AG are all profitable, 
results are expected to improve considerably in the fourth quarter 
2008. In spite of special effects relating to the approaching 
preparation of the annual financial statements, the Management Board 
expects results to be significantly positive.
As Prof. Dr. Thomas Kretschmar, Co-CEO of Hypoport AG, explains: "Our
growth in these difficult market conditions corroborates the changes 
occurring in financial and credit business". Many banks will refrain 
from taking each and every loan onto their own balance sheets and 
will instead pass some of these onto other lenders.  Private clients 
are also adopting a new approach. Although traditionally they still 
have their normal banks, there is a clearly tangible trend towards 
independent counselling.
Prof. Kretschmar summarises the results for the quarter: "Thanks to 
our EUROPACE transactions platform and Dr. Klein as a provider of 
all-round financial services, we are benefiting from both 
developments, although Hypoport share price developments have so far 
unfortunately failed to reflect this potential".
About Hypoport AG Hypoport Group is an internet-based all-round 
financial services provider based in Berlin. The Group employs more 
than 450 people. The company has been listed in the Prime Standard on
Deutsche Börse since the end of 2007. Its business model consists of 
two reciprocally beneficial pillars - the sale of financial products 
(Dr. Klein & Co. AG) and the provision of a platform for transacting 
financial products via the internet.
Hypoport operates the EUROPACE B2B financial marketplace, which is 
the largest German online platform for transacting financing 
products. A fully integrated system links more than 30 banks with 
several thousand financial advisors, thus enabling the quick and 
direct agreement of contracts. The platform's highly automated 
processes generate considerable cost benefits. Nowadays, EUROPACE 
processes some 400 financing transactions every day. Hypoport AG 
publishes the monthly house price index (HPX) based on real 
transaction data.
A list of the banks and service providers that use the platform can 
be downloaded from www.hypoport.de, as can the Annual Report 2007.
end of announcement                               euro adhoc

Further inquiry note:

Matthias H. Layher
Head of Group Communications
Tel.: +49(0)30/42086-1930
E-Mail: matthias.layher@hypoport.de

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

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

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