06.08.2018
Hypoport AG DE0005493365
DGAP-News: Hypoport AG: Hypoport's revenue growth in H1 2018 strongest since its IPO
DGAP-News: Hypoport AG / Key word(s): Half Year Results
Hypoport AG: Hypoport's revenue growth in H1 2018 strongest since its IPO
06.08.2018 / 07:18
The issuer is solely responsible for the content of this announcement.
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Press release
Key figures for H1 2018
Hypoport's revenue growth in H1 2018 strongest since its IPO
- Consolidated revenue rises by 28 per cent to around EUR122 million in the
first half of 2018
- For the Hypoport Group as a whole, EBIT increases by 11 per cent to
EUR14.8 million in the first half-year
- Confirmation of forecast, as adjusted upward in June, to revenue of EUR240
million to EUR260 million and EBIT of EUR29 million to EUR34 million for
2018 as a whole
Berlin, 6 August 2018: Today, the Hypoport Group confirmed the preliminary
results for the first half of 2018 that were released on 25 July 2018.
Consolidated revenue increased by 28 per cent to EUR121.7 million and thus
exceeded the EUR120 million mark for a half-year period for the first time
(H1 2017: EUR95.3 million). The growth-oriented Group thus accelerated the
pace of its expansion once again and achieved the highest level of growth
since it went public in 2007. This outstanding revenue performance was
supported by all four segments of the Hypoport Group.
The Credit Platform segment benefited from the strong operational
performance of the EUROPACE financial marketplace, which increased its
transaction volume by 16 per cent in the first six months of 2018 from
EUR24.0 billion to EUR27.9 billion. The revenue generated by the brokerage
pools that belong to the Credit Platform segment also rose, raising the
total segment revenue by 34 per cent to EUR53.2 million (H1 2017: EUR39.7
million). The segment's EBIT advanced by 27 per cent, from EUR8.9 million to
EUR11.4 million.
The Private Clients segment saw a continuation of the upward trend in the
proportion of consumers with a preference for independent financial advice.
The financing specialist Dr. Klein Privatkunden, which now employs 575
advisors (H1 2017: 511*; up by 13 per cent), was able to tap into this
demand with great success. Revenue for the segment as a whole increased by
18 per cent to EUR44.1 million (H1 2017: EUR37.5 million). The segment's
EBIT advanced by 26 per cent to EUR6.9 million (H1 2017: EUR5.4 million).
The name of the former Institutional Clients segment has been changed to
Real Estate Platform to reflect the shift in focus of its business models
following the acquisitions of FIO Systems AG and Value AG. The segment will
now be home to all real estate-related B2B activities of the Hypoport Group
and its objective will be to digitalise the sale, valuation and management
of properties. In the first six months of 2018, revenue increased by 28 per
cent compared with the former Institutional Clients segment to EUR14.5
million (2017: EUR11.3 million). Contributions by FIO and Value AG were
included in the consolidated financial statements on a pro-rata basis from
May 2018. The segment's EBIT advanced by 7 per cent to EUR3.2 million (H1
2017: EUR3.0 million).
In the Insurance Platform segment, business relationships with both existing
and new clients ( insurance brokers and start-up B2C insurtech companies (
expanded in the first half-year of 2018 and segment revenue grew by 46 per
cent to EUR10.6 million (H1 2017: EUR7.2 million). Stephan Gawarecki, the
Management Board member responsible for the Insurance Platform segment,
explains: "We have received a huge amount of positive feedback from market
participants and, on this basis, we believe that we will take the insurance
industry into the digital age with our SMART INSUR platform and change it
for the long term. The result will be similar to the impact that we had with
EUROPACE in the mortgage finance sector." The investments that are required
to step up the integration of the acquired companies into the Group and to
achieve the company's ambitions are being made successfully. But the
associated costs had a slightly bigger impact on the segment's performance
in the first half of 2018 than previously expected. Therefore the segment's
EBIT dropped to minus EUR1.7 million (H1 2017: minus EUR0.3 million) in the
first six months of 2018. The acquisition of ASC Assekuranz-Service Center
GmbH, which will be consolidated from July 2018, has brought in additional
volume and complementary products to the existing portfolio. This will help
to promote the continued expansion of the Insurance Platform segment.
Chief Executive Officer Ronald Slabke concludes: "We are very happy with the
performance of our company network in the first half of 2018. The level of
growth that we have achieved is particularly impressive in view of the fact
that the overall mortgage finance market has grown only slightly compared
with the previous year and that the contributions to revenue and earnings of
our recent acquisitions are only partially included in our excellent
half-year results. All three new companies ( FIO, Value AG and ASC ( will
further boost the already dynamic growth of the Hypoport Group in the second
half of 2018. We have therefore adjusted our forecasts for the full year
upward in June and now expect revenue to be at a level of EUR240 million to
EUR260 million and EBIT to be at a level of EUR29 million to EUR34 million
in 2018."
* The comparative prior-year tax figures have been adjusted and are
explained in section 4 of the notes to the interim consolidated financial
statements "Comparative figures for 2017"
About Hypoport AG
Hypoport AG is headquartered in Berlin and is the parent company of the
Hypoport Group. The Group is a technology service provider for the
financial, real-estate and insurance sectors with a workforce of around
1,400 employees. It is made up of a network of independent subsidiaries that
are grouped into four segments: Credit Platform, Private Clients, Property
Platform and Insurance Platform.
The Credit Platform segment 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 EUR4.5
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 segment, 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.
All real estate-related activities of the Hypoport Group, with the exception
of mortgage finance, are grouped together in the Real Estate Platform
segment (previously Institutional Clients) with the aim of digitalising the
sale, valuation and management of properties.
The Insurance Platform segment operates Smart InsurTech, a web-based B2B
platform for advice, comparison of tariffs and the administration of
insurance policies.
The shares of Hypoport AG are listed in the Prime Standard segment of the
Frankfurt Stock Exchange (Deutsche Börse) and have been included in the SDAX
since 2015.
Investor Relations
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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06.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
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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, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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