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Hypoport AG: Strong start to the year for Hypoport

DGAP-News: Hypoport AG / Key word(s): Quarter Results
Hypoport AG: Strong start to the year for Hypoport

04.05.2015 / 08:39

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Press release

Financial results for the first quarter of 2015

Strong start to the year for Hypoport

Berlin, 4 May 2015: Hypoport AG remains on track in the wake of the best
financial year since the establishment of the Group. In the first quarter
of 2015, the total revenue generated by the technology-based financial
service provider's three business units rose by 19 per cent to EUR33.3
million (Q1 2014: EUR27.9 million). Hypoport achieved a year-on-year
increase of 22 per cent in its earnings before interest and tax (EBIT),
which climbed to EUR3.8 million (Q1 2014: EUR3.1 million).

Yet again, the Group's Private Clients business unit increased its share of
the mortgage finance market segment. The total volume of new loans brokered
by the unit in the first quarter was up by 31 per cent, while its insurance
business reported further portfolio growth in a volatile market
environment. "Our Private Clients business unit is continuing to win
through in the highly competitive mortgage finance market. In the
challenging insurance market, we have again benefited from the increasing
level of automation in transaction processing," said Ronald Slabke, Chief
Executive Officer of Hypoport AG. "As a result, the Private Clients
business unit achieved double-digit revenue growth and its earnings before
interest and tax (EBIT) rose to EUR1.2 million from EUR0.3 million in the
first quarter of 2014."

The Financial Service Providers business unit continued to expand its
market share in the mortgage finance sub-segment. The volume of
transactions processed via the EUROPACE platform totalled EUR11.1 billion
(Q1 2014: EUR8.5 billion), a new quarterly record for the unit. At the same
time, the EUROPACE financial marketplace, the GENOPACE online transaction
platform for credit cooperatives and mutually owned banks and the FINMAS
financial marketplace for the members of the Savings Banks Finance Group
all gained new partners for the business unit. Its total EBIT of EUR2.5
million (Q1 2014: EUR1.8 million) also represented a record high.

The Institutional Clients business unit put in a robust performance in the
first quarter and increased its volume of new business despite a lack of
stimulus from interest rates. At the same time, the unit expanded its