EANS-News: Hypoport AG generates growth in turbulent times: preliminary
financial results for 2011
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Financial Figures/Balance Sheet
Berlin, 5 March 2012 (euro adhoc) - The Hypoport Group raised its revenue by 26
per cent to approximately EUR84 million in 2011, carving out a distinctive
position for itself in the marketplace. The Financial Service Providers and
Private Clients business units significantly expanded their market share, while
the Corporate Real Estate Clients unit managed to build on the outstanding
record level of revenue that it had reported for 2010. Earnings before interest,
tax, depreciation and amortisation (EBITDA) replicated its prior-year all-time
high, reaching EUR11 million.
The Hypoport Group's strong operating performance in 2011 was boosted by growing
demand for real estate and the increasing importance of one-stop advisory
solutions around loans, investments and insurance. The considerable demand for
real estate drove broad-based growth, especially during the second half of the
year. The Private Clients business unit achieved above-average year-on-year
increases even in a stagnant market for insurance and investments. Consequently,
the Hypoport Group's total revenue rose by 26 per cent to EUR84.5 million (2010:
EUR66.9 million). Whereas customer demand benefited - in the form of attractive
borrowing terms - from the crises affecting financial markets, the euro and the
banks, the extraordinary level of diversification among product suppliers that
has existed since the outbreak of the financial crisis put downward pressure on
margins. Against this backdrop, with an EBITDA of EUR11.1 million in 2011 the
Company managed to reach the record EBITDA figure of EUR11.1 million achieved in
2010. "In an environment that continues to be characterised by severe turmoil
and considerable unpredictability, Hypoport has once again excelled by
generating consistent and profitable growth in 2011", commented Ronald Slabke,
the Chief Executive Officer of Hypoport AG. His forecast: "Assuming that market
conditions remain more or less unchanged, we again expect to report double-digit
revenue growth and a year-on-year improvement in earnings for 2012."
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 160
partners - banks, insurers and financial product distributors. Several thousand
users execute as many as 15,000 financing transactions worth a total of up to
EUR2 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 approximately 500 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