DGAP-News

Hypoport AG: Record half-year for Hypoport

DGAP-News: Hypoport AG / Key word(s): Half Year Results
Hypoport AG: Record half-year for Hypoport

03.08.2015 / 07:37

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Press release

Financial results for the first half of 2015

Record half-year for Hypoport

Berlin, 3 August 2015: Hypoport AG's results for the first half of 2015 are
record breaking. In the period from January to the end of June,
consolidated revenue generated by the technology-based financial service
provider rose by 27 per cent to EUR67.5 million (H1 2014: EUR53.3 million).
Hypoport's earnings before interest and tax (EBIT) more than doubled year
on year to a total of EUR9.1 million (H1 2014: EUR4.3 million).

All three of its business units - Private Clients, Financial Service
Providers and Institutional Clients - also generated their best-ever
results in the first half of any year.

The total volume of new loans brokered by the Private Clients unit
increased by 53 per cent. This exceptionally strong growth rate shows that
the Private Clients business remains capable of significantly increasing
its market share even as the overall market is growing. In the insurance
segment, the business generated further portfolio growth while increasingly
focusing on insurance advisors with a successful track record in portfolio
management. Overall, Hypoport AG's Private Clients business achieved
double-digit revenue growth (an increase of 24 per cent to EUR39.3 million
compared with EUR31.7 million in the first half of 2014) and the EBIT
contribution more than doubled to EUR3.5 million (H1 2014: EUR1.0 million).

The Financial Service Providers business unit again processed a
record-breaking transaction volume in the first half of the year. In all,
it achieved an increase of 31 per cent in the volume of transactions
processed, which rose to EUR22.9 billion, largely driven by a further
expansion of its position in the mortgage finance market. The number of
EUROPACE partners increased by 11 % to 323 compared to the previous year.
In total, the business unit Financial Service Providers improved its
revenue by 36 per cent to EUR20.5 million (H1 2014: EUR15.0 million) and
its earnings before interest and tax were up by 68 per cent to EUR5.1
million (H1 2014: EUR3.0 million).

The Institutional Clients business unit expanded its customer base in the
first six months of 2015 and profitably concluded a large number of loan
brokerage transactions that had been in the pipeline for a long period.
Bolstered by the positive stimulus provided by a more volatile interest
rate environment, the total volume of loans brokered by the business unit