31.10.2016
Hypoport AG DE0005493365
DGAP-News: Hypoport's top- and bottom-line growth in double digits
DGAP-News: Hypoport AG / Key word(s): 9-month figures
Hypoport's top- and bottom-line growth in double digits
31.10.2016 / 07:33
The issuer is solely responsible for the content of this announcement.
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Press release
Preliminary financial results for the first nine months of 2016
Hypoport's top- and bottom-line growth in double digits
Berlin, 31 October 2016: Hypoport was able to maintain its path of steady
growth in the third quarter. This is clear from the results for the nine-
month period: the technology-based financial service provider has again
reported record levels of revenue and earnings. At EUR113.5 million,
consolidated revenue was up by approximately 10 per cent year on year (Q1-
Q3 2015: EUR103.1 million). Earnings rose by 15 per cent to EUR17.0 million
(Q1-Q3 2015: EUR14.7 million).
Whereas the market environment in the prior-year period had been boosted by
a jump in interest rates in the early summer of 2015, the introduction of
the Mortgage Credit Directive had a dampening effect on the markets in the
reporting period, at least during April and May. According to Deutsche
Bundesbank, the mortgage finance market contracted by 6 per cent in the
first eight months of 2016 as a result of these non-recurring effects -
despite structural growth generated by construction activity and rising
property prices. Ronald Slabke, Chief Executive Officer of Hypoport AG,
believes that the increase in the Hypoport Group's market share is
"accelerating the growth of technology-based lending advice with a wide
choice of products from a variety of mortgage providers".
The Financial Service Providers business unit delivered its best
performance for a nine-month period in the Company's history. In the first
three quarters of 2016, the business unit reported revenue of EUR38.3
million (Q1-Q3 2015: EUR31.5 million). Earnings before interest and tax
(EBIT) was significantly higher than in the prior-year period at EUR9.6
million (Q1-Q3 2015: EUR7.7 million). Besides a much stronger market
position in the mortgage finance market, another reason for the good
results was the encouraging performance of KreditSmart in the personal
loans market.
The Private Clients business unit also registered its best performance for
a nine-month period in the Company's history. The business unit's revenue
grew by 7 per cent to EUR64.1 million (Q1-Q3 2015: EUR59.7 million). EBIT
rose at an even stronger rate of 19 per cent, reaching EUR7.4 million (Q1-
Q3 2015: EUR6.2 million). Market share was increased in both the loan
brokerage and the personal loans segments. Expansion of the advisor network
and the top marks consistently achieved by Dr. Klein in consumer surveys on
service quality and fairness are helping to strengthen the business unit's
market position.
The Corporate Real Estate Clients business unit was faced with widespread
reticence among market participants during the reporting period due to the
lack of stimulus from interest rates. At the same time, new-build housing
projects are being planned but the timing of their financing is not yet
clear. Revenue nevertheless held steady thanks to interest rates being
locked in for long periods under contracts already signed and thanks to
attractive loans of insurers. At EUR11.9 million, revenue was down only
slightly year on year (Q1-Q3 2015: EUR12.5 million). Capital expenditure on
expanding support resources and on new business models resulted in EBIT of
EUR3.6 million, which was lower than in the first nine months of the
previous year (Q1-Q3 2015: EUR4.8 million).
Ronald Slabke believes that this solid performance will be sustained in the
coming months: "We anticipate a further increase in our market share during
the fourth quarter of 2016. For 2016 as a whole and for 2017, we continue
to expect revenue and earnings growth to be just into double figures."
About 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 more than 350 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.
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 Firmenkunden AG has been a
major financial service partner to housing companies and commercial
property investors since 1954. Hypoport AG is headquartered in Berlin,
employs about 800 people and is listed in the Prime Standard of the
Frankfurt Stock Exchange. At the end of 2015 Hypoport was admitted to the
SDAX.
Contact
Hypoport AG
Michaela Reimann
Head of Investor Relations & Public Affairs
Tel: +49 (0)30 42086 1936
Email: [email protected]
www.hypoport.com
Key data on Hypoport's shares
ISIN DE 0005493365
WKN 549336
Stock exchange symbol HYQ
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31.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: [email protected]
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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515819 31.10.2016
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