DGAP-News

Sustained, all-round growth for Hypoport - Seite 2

The Private Clients business unit also widened its share of the mortgage finance and personal loans markets. Numerous awards bestowed on Dr. Klein by consumer magazines pushed up demand and demonstrate the superiority of the non-captive advisory model. Overall, the business unit's revenue growth was just into double figures, with revenue advancing to EUR86.1 million (2015: EUR78.6 million). EBIT grew at an even faster rate, rising by 21 per cent to EUR9.0 million (2015: EUR7.4 million). Positive trends in the sale of insurance and other banking products contributed to the improvement in earnings.

The Institutional Clients business unit also delivered a strong performance in the face of sluggish interest rates. The small rise in revenue, which went up by 7 per cent to EUR18.6 million (2015: EUR17.3 million), was achieved despite the housing industry remaining muted for much of 2016. Higher capital expenditure on existing and new business models resulted in EBIT of EUR6.3 million (2015: EUR6.6 million).

Moreover, Hypoport introduced some highly promising new business models and, having focused on organic growth for many years, integrated new subsidiaries into the Group. "We are taking a careful approach to supplementing our rapid organic growth by acquiring companies whose success will benefit the Hypoport Group. These new activities are still 'tender seedlings' - from the perspective of the Group as a whole in 2016. I am confident that, by leveraging synergies between existing and new subsidiaries, we will enable them to make an additional and substantial contribution to the growth of the Hypoport Group in the near future," said Ronald Slabke. "We again expect our Group's revenue and earnings growth to be just into double figures in 2017," he added with regard to this year.

Information on Hypoport AG

The Hypoport Group is a technology-based financial service provider. The business model is based on its three mutually supporting business units: Private Clients, Financial Service Providers, and Institutional Clients. All three units are engaged in the distribution of financial services, facilitated or supported by finance-technology ('fintech'). 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 about 400 partners - banks, insurers and financial product distributors. Several thousand users execute some 35.000 transactions worth a total of up to EUR4 billion on EUROPACE every month.