13.03.2017
Hypoport AG DE0005493365
DGAP-News: Sustained, all-round growth for Hypoport
DGAP-News: Hypoport AG / Key word(s): Preliminary Results
Sustained, all-round growth for Hypoport
13.03.2017 / 07:00
The issuer is solely responsible for the content of this announcement.
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Press release
Preliminary financial results for 2016
Sustained, all-round growth for Hypoport
Berlin, 13 March 2017: Technology-based financial service provider Hypoport
once again reported the most successful financial year in its history with
its results for 2016. Consolidated revenue rose by 13 per cent to EUR156.6
million (2015: EUR139.0 million). Earnings before interest and tax (EBIT)
rose at an even faster rate, climbing by 21 per cent to EUR23.2 million
(2015: EUR19.3 million). Moreover, earnings per share increased by 15 per
cent to EUR3.00 (2015: EUR2.61).
"Our preliminary financial results for 2016 show that, on the basis of our
business models in the mortgage finance market, we again generated strong
growth. This is an excellent achievement because the implementation of the
Mortgage Credit Directive and the absence of stimulus from interest rates
significantly subdued the market in the first nine months of the year,"
commented Ronald Slabke, Chief Executive Officer of Hypoport AG, on the
Group's performance. He attributes the Company's sustained success to the
superiority of its business models and technologies as well as a corporate
culture that is focused on allowing talent to flourish.
The Financial Service Providers business unit generated double-digit growth
in all the relevant key figures. It considerably increased its share of both
the mortgage finance market, which contracted slightly, and the personal
loans market. By acquiring the new subsidiaries, NKK Programm Service AG and
HypService GmbH, the foundations were laid for expansion in the insurance
and property valuation markets. Revenue rose by 22 per cent to EUR53.6
million (2015: EUR44.0 million). EBIT climbed by 29 per cent to EUR13.0
million (2015: EUR10.1 million). This strong growth was achieved despite
increased costs as a result of stepping up key account management,
particularly for regional banks, and software development.
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.
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
Mobil: +49 (0) 151 / 5804 - 1936
Email: [email protected]
www.hypoport.de
Key data on Hypoport's shares
ISIN DE 0005493365
WKN 549336
Stock exchanges symbol HYQ
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13.03.2017 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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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