EANS-News: Hypoport AG Strong first half of 2011 for Hypoport with 28 per cent
revenue growth
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Financial Figures/Balance Sheet
Berlin, (euro adhoc) - 8 August 2011: Growth, new all-time records, and the
1,000 or so specialists operating as independent financial product distributors
in the first half of this year mean that the Hypoport Group is well equipped for
the coming months. The Company generated first-half revenue of EUR35.8 million,
which represents a year-on-year increase of 28 per cent on the first six months
of 2010 (revenue for H1 2010: EUR28 million). Earnings before interest, tax,
depreciation and amortisation (EBITDA) rose by 17 per cent year on year to
EUR3.9 million (EBITDA for H1 2010: EUR3.3 million).
"The fact that we have continued to grow under our own steam despite weak market
stimulus reaffirms that Hypoport is the financial services model of the future,"
stressed Ronald Slabke, the Company's Chief Executive Officer. "We are well
equipped for the months and years ahead. Hypoport is now one of the very few
truly independent financial service providers left, while many others have been
bought up by banks and insurers."
More than 1,000 specialists operating as independent financial product
distributors
The Hypoport Group is continuing to expand its distribution network in its
Private Clients business unit. Dr. Klein now has 586 specialists who provide
clients with personal financial advice in their own locality. Including the
other permanent staff working throughout the Group, Hypoport therefore has a
total workforce of more than 1,000 committed professionals offering independent
financial advice. The EUROPACE financial marketplace achieved its best-ever
quarterly result in Q2, generating a total transaction volume of EUR4.64 billion
and beating the previous record that it had set in the third quarter of 2010 by
3.4 per cent. The Company supported this trend by continuing to invest heavily
in EUROPACE 2, its next-generation transaction platform. Our corporate and
institutional customers have also shown considerable interest in our advisory
services, as indicated by the business enquiries already received by our
Corporate Real Estate Clients and Institutional Clients business units for the
coming months.
Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial services.
In the form of EUROPACE - its online financial marketplace - Hypoport develops
and operates the largest German platform offering mortgages, building finance
products and personal loans. A fully integrated system links more than 140
partners - banks, insurers and financial product distributors. Several thousand
users execute roughly 10,000 financing transactions worth a total of up to
EUR1.5 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
investments. Dr. Klein & Co. AG has been a major financial service partner to
housing companies, local authorities and commercial property investors since
1954.
Hypoport AG is headquartered in Berlin, employs more than 450 people and is
listed in the Prime Standard of the Frankfurt Stock Exchange.
Further inquiry note:
Michaela Reimann
Group Communications Manager
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@hypoport.de
end of announcement euro adhoc
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company: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: ir@hypoport.de
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English