18.04.2018
Hypoport AG DE0005493365
DGAP-News: Hypoport AG: EUROPACE financial marketplace increases transaction volume in first quarter of 2018
DGAP-News: Hypoport AG / Key word(s): Market Report
Hypoport AG: EUROPACE financial marketplace increases transaction volume in
first quarter of 2018
18.04.2018 / 07:05
The issuer is solely responsible for the content of this announcement.
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Press release
Volume of transactions in Q1 2018
Hypoport: EUROPACE financial marketplace increases transaction volume in
first quarter of 2018
- Slight rise in the overall mortgage finance market at the start of 2018
- Independent financial product distributors and the sub-marketplaces for
savings banks and cooperative banks once again generate high growth rate
- Transaction volume per sales day exceeds EUR200 million for the first time
in Q1 2018
Berlin, 18 April 2018: In the first quarter of 2018, the EUROPACE B2B
financial marketplace increased its transaction volume* by 11 per cent to
EUR13.5 billion (Q1 2017: EUR12.2 billion). The transaction volume per sales
day** rose by 15 per cent to EUR214 million (Q1 2017: EUR187 million).
New mortgage finance business in Germany increased by 2.2 per cent overall
in the period from January to February 2018, according to Deutsche
Bundesbank. Against this backdrop, Ronald Slabke, Chief Executive Officer of
Hypoport AG, is satisfied with the EUROPACE performance: "The overall market
that is relevant to us went up slightly at the start of the year, driven by
the rise in interest rates. We are pleased that EUROPACE has once again
outperformed the market by a considerable margin."
The excellent start to the new year can be attributed to increased sales
activities for all user groups (independent financial advisors, private
banks, savings banks and cooperative banks), with a particularly strong rise
in the sales volume for FINMAS, the sub-marketplace for savings banks. The
transaction volume of companies within the savings banks group via FINMAS
was EUR0.8 billion (Q1 2017: EUR0.4 billion; an increase of 76 per cent).
The cooperative banks performed just slightly better than the overall growth
of EUROPACE. On the GENOPACE sub-marketplace, they achieved a sales volume
of EUR0.4 billion (Q1 2017: EUR0.3 billion; an increase of 16 per cent).
The independent financial product distributors using EUROPACE also made a
good start to the new year, reflecting the growing consumer demand for
independent financial advice coupled with a broad product range.
"We are expecting the overall market to remain stable throughout 2018. In
this sort of market environment, EUROPACE offers our current partners the
best option to continue their growth trajectory, and new partners the
opportunity to adopt a growth strategy. The EUROPACE financial marketplace
makes every advisor more productive, whether they are independent or working
in a bank branch. No vendor in Germany can afford to miss out on this
competitive advantage," explains Ronald Slabke.
On the product supplier side of the marketplace, the volume of business from
institutions in the savings bank sector grew by 67 per cent in the first
quarter of 2018 to EUR1.9 billion (Q1 2017: EUR1.1 billion). During the same
period, the volume attributable to the cooperative financial network
amounted to EUR1.0 billion (Q1 2017: EUR0.8 billion; an increase of 15 per
cent). Savings banks and cooperative banks therefore increased their share
of financing relative to private banks, which have traditionally been strong
in the intermediary market.
* All figures on the volume of financial products processed include
cancellations and, consequently, cannot be compared directly with the
revenue figures shown, which exclude subsequent cancellations. Neither the
revenue nor the earnings generated by Hypoport can be directly extrapolated
from the transaction figures given above.
** Sales days are defined as the number of working days without Saturdays,
less half of the number of 'bridging days', (i.e. days falling between
public holidays and weekends)
Information on Hypoport AG
Hypoport AG is the parent company of the Hypoport Group. The subsidiaries of
the Hypoport Group are engaged in the distribution of financial services,
facilitated or supported by financial technology ('fintech'), and are
divided into four business units.
The Credit Platform business unit operates EUROPACE, which is an online
financial marketplace and the largest German software platform offering
mortgages, building finance products and personal loans. A fully integrated
system links more than 500 partners - banks, insurers and financial product
distributors. Several thousand loan brokerage advisors execute some 35,000
transactions per month on EUROPACE, generating a volume of around EUR4
billion. Besides EUROPACE, the FINMAS and GENOPACE sub-marketplaces and the
B2B distribution companies Qualitypool and Starpool support the growth of
the credit platform.
The Private Clients business unit, made up of the web-based, non-captive
financial product distributor Dr. Klein Privatkunden and the consumer
comparison portal Vergleich.de, brings together all business models aimed at
directly advising consumers on mortgages, insurance or pension products.
The Institutional Clients business unit, operating under the DR. KLEIN
Firmenkunden AG brand, is a leading financial service partner to housing
companies and commercial property investors.
The Insurance Platform business unit operates Smart InsurTech, a platform
for advice, comparison of tariffs and the administration of insurance
policies.
Hypoport AG is headquartered in Berlin, Germany, and has more than 1,000
employees. Its shares are listed in the Prime Standard segment of the
Frankfurt Stock Exchange (Deutsche Börse) and have been included in the SDAX
since 2015.
Contact
Hypoport AG
Jan H. Pahl
Investor Relations Manager
Phone: +49 (0)30 / 42086 - 1942
Mobil: +49 (0)176 / 965 125 19
Email: [email protected]
www.hypoport.com
Key data on Hypoport's shares
ISIN DE 0005493365
WKN 549336
Stock exchanges symbol HYQ
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18.04.2018 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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