DGAP-Adhoc
Hypoport AG: Hypoport raises its earnings forecast for the 2015 financial year
Hypoport AG / Key word(s): Change in Forecast
21.04.2015 10:10
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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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 2015 financial year
Berlin, 21 April 2015: Having evaluated its consolidated management
accounting figures for the first three months of this year, the Management
Board has raised its earnings forecast for 2015.
Based on its management accounting figures, Hypoport expects to increase
its earnings for the first quarter of 2015 to an EBIT of EUR3.8 million (Q1
2014: EUR3.1 million). It is predicting revenue of EUR33.0 million (Q1
2014: EUR27.9 million) for the first three months. Given the strong start
to 2015, the Management Board has revised its forecast for the year as a
whole.
The Company anticipates that its revenue for 2015 will grow at a low
double-digit rate. It also expects to widen its EBIT margin and,
consequently, to achieve disproportionately strong earnings growth.
Hypoport will be publishing its financial results for the first quarter of
2015 on 4 May 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 300 partners - banks, insurers and financial product
distributors. Several thousand users execute more than 30.000 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
21.04.2015 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 2015 financial year
Berlin, 21 April 2015: Having evaluated its consolidated management
accounting figures for the first three months of this year, the Management
Board has raised its earnings forecast for 2015.
Based on its management accounting figures, Hypoport expects to increase
its earnings for the first quarter of 2015 to an EBIT of EUR3.8 million (Q1
2014: EUR3.1 million). It is predicting revenue of EUR33.0 million (Q1
2014: EUR27.9 million) for the first three months. Given the strong start
to 2015, the Management Board has revised its forecast for the year as a
whole.
The Company anticipates that its revenue for 2015 will grow at a low
double-digit rate. It also expects to widen its EBIT margin and,
consequently, to achieve disproportionately strong earnings growth.
Hypoport will be publishing its financial results for the first quarter of
2015 on 4 May 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 300 partners - banks, insurers and financial product
distributors. Several thousand users execute more than 30.000 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
21.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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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