DGAP-Adhoc
Hypoport AG: Hypoport raises its earnings forecast for the 2014 financial year
Hypoport AG / Key word(s): Miscellaneous
20.02.2015 16:49
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Ad-hoc disclosure pursuant to section 15 of the German Securities Trading
Act (WpHG)
Hypoport raises its earnings forecast for the 2014 financial year
Berlin, 20 February 2015: The Hypoport Group raised its earnings forecast
for the 2014 financial year at today's Management Board meeting after
evaluating its consolidated management accounting figures.
The Management Board of Hypoport AG expects its previous earnings forecast
for last year - earnings above the record levels seen in 2010 and 2011 - to
be exceeded. The Company now believes it will generate earnings before
interest and tax (EBIT) in excess of EUR7.5 million (2013: EUR4.0 million)
for the 2014 financial year. Revenue will, as expected, have achieved
double-digit growth in 2014.
The main reason for revising this forecast is the strong fourth quarter of
last year. The fallout from the financial and sovereign debt crises
continues to radically transform the financial services market. Despite
this persistently challenging environment, all Hypoport business units
delivered impressive results for 2014 as a whole. The Private Clients and
Institutional Clients business units made especially valuable contributions
to last year's earnings growth.
Hypoport will be publishing its preliminary financial results for 2014 on 9
March this year as planned.
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. As a wholly-owned subsidiary of Hypoport, Europace AG develops
and operates the web-based EUROPACE financial marketplace, which is
Germany's largest platform for mortgages, building finance products and
personal loans. A fully integrated system links 250 partners - banks,
insurers and financial product distributors. Several thousand users execute
more than 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 retirement planning. 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.
Contact:
Christian Würdemann
Head of Communications, Human Resources & Legal
Hypoport AG
Klosterstraße 71
D-10179 Berlin
Phone: +49 (0) 30 / 4 20 86 - 1920
Fax: +49 (0) 30 / 4 20 86 - 281920
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
20.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: ir@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of Announcement DGAP News-Service
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Act (WpHG)
Hypoport raises its earnings forecast for the 2014 financial year
Berlin, 20 February 2015: The Hypoport Group raised its earnings forecast
for the 2014 financial year at today's Management Board meeting after
evaluating its consolidated management accounting figures.
The Management Board of Hypoport AG expects its previous earnings forecast
for last year - earnings above the record levels seen in 2010 and 2011 - to
be exceeded. The Company now believes it will generate earnings before
interest and tax (EBIT) in excess of EUR7.5 million (2013: EUR4.0 million)
for the 2014 financial year. Revenue will, as expected, have achieved
double-digit growth in 2014.
The main reason for revising this forecast is the strong fourth quarter of
last year. The fallout from the financial and sovereign debt crises
continues to radically transform the financial services market. Despite
this persistently challenging environment, all Hypoport business units
delivered impressive results for 2014 as a whole. The Private Clients and
Institutional Clients business units made especially valuable contributions
to last year's earnings growth.
Hypoport will be publishing its preliminary financial results for 2014 on 9
March this year as planned.
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. As a wholly-owned subsidiary of Hypoport, Europace AG develops
and operates the web-based EUROPACE financial marketplace, which is
Germany's largest platform for mortgages, building finance products and
personal loans. A fully integrated system links 250 partners - banks,
insurers and financial product distributors. Several thousand users execute
more than 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 retirement planning. 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.
Contact:
Christian Würdemann
Head of Communications, Human Resources & Legal
Hypoport AG
Klosterstraße 71
D-10179 Berlin
Phone: +49 (0) 30 / 4 20 86 - 1920
Fax: +49 (0) 30 / 4 20 86 - 281920
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
20.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: ir@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart
End of Announcement DGAP News-Service
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