Hypoport Shines: Strong 9-Month Earnings Amid Tough Market Conditions

• Hypoport SE reported a 24% increase in consolidated revenue for the first three quarters of 2024, reaching €332 million, despite challenging market conditions.
• The Real Estate & Mortgage Platforms segment saw a 36% revenue increase to €231 million, driven by the recovery of mortgage finance business models and increased transaction volumes on platforms like Europace, Finmas, and Genopace.
• The Financing Platforms segment experienced a 6% revenue increase to €54 million, with strong growth in the housing industry subsegment, despite restrictive lending policies from commercial banks.
• The Insurance Platforms segment achieved a 3% revenue increase to €48 million, supported by the migration of insurance portfolios to B2B platforms.
• Hypoport's EBIT for the first three quarters of 2024 was nearly €12 million, marking a significant recovery from losses in the previous year, and aligning with their full-year EBIT forecast of €10-20 million.
• The company is structured into three operating segments: Real Estate & Mortgage Platforms, Insurance Platforms, and Financing Platforms, and is listed in the Prime Standard segment of the Frankfurt Stock Exchange.

The next important date, Publication of quarterly report (as of Q3), at HYPOPORT is on 11.11.2024.

The price of HYPOPORT at the time of the news was 226,00EUR and was up +0,13 % compared with the previous day.
15 minutes after the article was published, the price was 228,00EUR this corresponds to a plus of +0,88 % since publication.
At this time, the index MDAX was at 26.652,05PKT (-0,01 %).

HYPOPORT

-7,56 %

+5,93 %

-19,42 %

-6,43 %

-28,76 %

-53,48 %

-37,83 %

+873,10 %

ISIN:DE0005493365WKN:549336

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