11.03.2019 Hypoport AG  DE0005493365

DGAP-News: Hypoport AG: Hypoport grows at an even faster pace in 2018 and predicts another record year for revenue in 2019


 

DGAP-News: Hypoport AG / Key word(s): Preliminary Results/Forecast
Hypoport AG: Hypoport grows at an even faster pace in 2018 and predicts another record year for revenue in 2019

11.03.2019 / 07:15
The issuer is solely responsible for the content of this announcement.


Press release

Preliminary results for 2018


Hypoport grows at an even faster pace in 2018 and predicts another record year for revenue in 2019
 

- Consolidated revenue surges by 36 per cent to EUR266 million in 2018

- Credit Platform and Private Clients segments increase their revenue from mortgage finance by 37 per cent and 15 per cent respectively, while the overall market expands by just 5 per cent

- Real Estate Platform segment's revenue advances by 64 per cent on the back of growth by acquisition

- Insurance Platform segment's revenue doubles in 2018 due to organic growth and acquisitions

- Real Estate Platform and Insurance Platform segments remain the biggest areas of capital expenditure

- Hypoport anticipates revenue of EUR310 million to EUR340 million and EBIT of EUR32 million to EUR40 million in 2019

 

Berlin, 11 March 2019: Hypoport released its preliminary results for 2018 today, confirming the initial assessment published on 4 March 2019. Hypoport has also provided more details on the performance of its four segments and on the 2019 forecast for the Group as a whole. Consolidated revenue rose by a substantial 36 per cent to EUR266.0 million in 2018 (2017: EUR194.9 million). This extremely encouraging performance was attributable to revenue increases in all four segments.
 

In the Credit Platform segment, revenue rose by 37 per cent to EUR114.7 million (2017*: EUR83.6 million), an exceptionally strong performance that represents a significant increase in the pace of growth. This rise in revenue was primarily attributable to a 20 per cent increase in the volume of transactions on EUROPACE to EUR58 billion and the good performance of the brokerage pools that are also part of the Credit Platform segment. Despite a further stepping up of investment for the future, the segment's earnings before interest and tax (EBIT) advanced by 38 per cent to EUR26.1 million (2017*: EUR18.9 million).

Revenue also went up in the Private Clients segment. The increase of 15 per cent to EUR86.4 million (2017*: EUR74.9 million) was significantly above the rate of growth for the market as a whole. This success was attributable both to a further rise in demand among consumers for neutral mortgage advice and to the increase in the number of loan brokerage advisors to 595 (2017: 541). As a result, the sales volume climbed by 30 per cent to EUR6.5 billion in 2018 (2017*: EUR5.0 billion). The segment's EBIT rose by 9 per cent to a record EUR10.8 million (2017*: EUR9.9 million).

All property-related B2B business activities of the Hypoport Group have been grouped together in the Real Estate Platform segment (previously Institutional Clients) since summer 2018 with the aim of digitalising the sale, valuation and management of properties. The segment's revenue jumped by 64 per cent to EUR34.1 million (2017*: EUR20.8 million). This rise was partly attributable to the acquisition of FIO and Value AG. There was a very encouraging increase in EBIT, which advanced by 56 per cent to EUR6.0 million (2017*: EUR3.8 million) despite substantial capital expenditure on digitalisation and on the establishment of key account management teams.

In 2018, the Insurance Platform segment focused on integrating the software companies that had been acquired and on expanding business relationships with existing clients (financial product distributors, brokerage pools and B2C insurtech start-ups) to encompass all modules of the platform. The acquisitions also accelerated the segment's growth, with revenue almost doubling year on year to reach EUR30.4 million (2017: EUR15.2 million). In 2018, the Insurance Platform segment was still experiencing start-up losses and reported negative EBIT of EUR2.7 million. This was due to the creation of sales and IT development capacity and to expenses in connection with due diligence for and the implementation of acquisitions.

As a result of the aforementioned revenue increases in the individual segments, the gross profit of the Hypoport Group as a whole rose by 37 per cent to EUR140.2 million in 2018 (2017: EUR102.3 million). This increase and the healthy level of cash flow from operating activities enabled the Group to again hugely increase capital expenditure on its various platform solutions and on target-group-specific sales capacity to pave the way for future growth. The Hypoport Group's EBIT climbed by 26 per cent to EUR29.3 million (2017: EUR23.3 million). Earnings per share came to EUR3.66 (2017: EUR3.10).

"Each of our four segments generated significant organic growth last year," said Chief Executive Officer Ronald Slabke, commenting on the Company's business performance in 2018. "There was also substantial growth, particularly in the new Real Estate Platform segment, as a result of the acquisition of FIO and VALUE AG. In 2018, we achieved the most successful year in Hypoport's history. Our operational focus for 2019 is on the further technical, organisational and cultural integration of the recent acquirees and on utilising additional synergies between the companies in our Hypoport network. On this basis, we anticipate consolidated revenue (before further acquisitions) of EUR310 million to EUR340 million and EBIT of EUR32 million to EUR40 million in 2019 for the Hypoport Group as a whole."

The preliminary financial results still need to be verified by the auditor and adopted by the Supervisory Board. The annual report will be published as planned on 25 March 2019.

Preliminary KPIs for the Hypoport Group
(EUR million) FY 2018 FY 2017 YoY change Q4 2018 Q4 2017 Q4 change
Revenue 266.0 194.9 36% 74.2 51.2 45%
Gross profit 140.2 102.3 37% 38.2 26.5 44%
EBIT 29.3 23.3 26% 7.1 4.7 51%
 

* Prior-year figures adjusted; see the disclosures in the section 'Comparative figures for 2017' in the consolidated financial statements.

 

About Hypoport AG

Hypoport AG is headquartered in Berlin and is the parent company of the Hypoport Group. The Group, which has a workforce of around 1,500 employees, is a network of technology companies serving the credit, real-estate and insurance industries. These independent subsidiaries are grouped into four segments: Credit Platform, Private Clients, Real Estate Platform and Insurance Platform.

The Credit Platform segment operates EUROPACE, which is an online financial marketplace and the largest German transaction 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 EUR5 billion. Besides EUROPACE, the FINMAS and GENOPACE sub-marketplaces and the B2B distribution companies Qualitypool and Starpool support the growth of the Credit Platform segment.

The Private Clients segment, made up of the web-based, non-captive financial product distributor Dr. Klein Privatkunden AG and the consumer comparison portal Vergleich.de, brings together all business models aimed at directly advising consumers on mortgage finance, insurance or pension products.

All property-related activities of the Hypoport Group, with the exception of loan brokerage for private clients, are grouped together in the Real Estate Platform segment (previously Institutional Clients segment) 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



11.03.2019 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, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

785793  11.03.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 194,76 265,96 333,24 387,73 446,35 455,45 359,18
EBITDA1,2 30,12 39,09 52,22 63,85 77,10 57,71 51,18
EBITDA-Marge3 15,47 14,70 15,67 16,47 17,27 12,67
EBIT1,4 23,32 29,33 33,01 36,24 47,68 24,68 13,30
EBIT-Marge5 11,97 11,03 9,91 9,35 10,68 5,42 3,70
Jahresüberschuss1 18,43 22,47 24,40 27,86 30,58 18,67 20,49
Netto-Marge6 9,46 8,45 7,32 7,19 6,85 4,10 5,71
Cashflow1,7 8,26 39,83 46,23 46,56 64,35 38,56 36,81
Ergebnis je Aktie8 3,10 3,66 3,90 4,33 4,79 2,96 3,02
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
Hypoport
WKN Kurs in € Einschätzung Börsenwert in Mio. €
549336 236,000 - 1.621,83
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
87,41 35,41 2,45 71,39
KBV KCV KUV EV/EBITDA
4,79 44,06 4,51 32,33
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 02.06.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2024 12.08.2024 13.11.2023 25.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
22,51% 44,59% 33,48% 107,02%
    
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FinTech , 549336 , HYQ , XETR:HYQ