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Hypoport AG

EANS-News: Hypoport AG with stable revenues

Berlin (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet/quarterly report/Stock 
Activity/6-month report
14 August 2009: Hypoport AG was again able to
increase revenues  in  the first six months of 2009. As has also been
the case in the past,  the  Group  is using most of the  gains  to  
actively  drive  its  future  positioning  in  the marketplace. This 
burdens our current results. But  former  investments  in  the future
are now proving to be the driving force behind the company's success.
On this basis, the earnings generated by three of the four business 
units  grew  by between 18 and 64 percent.
Hypoport AG was again able to marginally increase its revenues in the
first  six months of 2009. Compared with the first half 2008, Group 
revenues  increased  by 2 percent to EUR 25.1 million (previous year:
EUR 24.6  million).  Gross  profit increased in line by 2 percent to 
EUR 16.5  million  (previous  year:  EUR  16.2 million).  Earnings  
before  interest,  taxes,  depreciation  and   amortisation (EBITDA) 
declined from EUR 4.1 million to currently EUR 3 million,  besides  
the general economic situation  primarily  as  a  result  of  
investments  aimed  at establishing the new B2B transaction platform.
Further funds  were  invested  in developing new sectors within the 
market  for  financial  services  and  in  the ongoing expansion of 
the company's sales capacities in existing markets.  Ronald Slabke, 
Co-CEO of Hypoport AG, comments on the results: "The decrease in  
EBITDA is clearly not satisfying. However, compared with the results 
of the peer  group our position is still excellent.  We  believe  
that  actively  shaping  our  own market positioning is crucially 
important at this particular moment in time.  We are not looking to 
reap the short term success at the tip of  the  iceberg.  Our 
strategy is tailored more to the long term profits on the fertile 
mainland."
The Private Clients business unit once again increased  its  revenues
generated from "other financial service products". The - at  times  -
aggressive  pricing strategy adopted by various regional banks caused
revenues from  mortgage  loans to decline slightly, resulting in a 5 
percent  decrease  in  revenues  overall. Earnings (EBIT) for the  
business  unit  as  a  whole  were  not  affected,  and increased by 
45 percent to the current level of EUR 1.6  million.  In  addition, 
the company was able to considerably strengthen  its  sales  
capacities  at  all levels and particularly with regard to the branch
office consultants.
In the current environment, the Corporate Real Estate Clients 
business  unit  is benefiting from the long standing relationships of
trust it has  built  up  with its clients and from  the  ensuing  
good  reputation  it  has  meanwhile  earned throughout the sector. 
Compared with the first six months of 2008, new  business increased 
by 32 percent to EUR 661 million  in  the  first  half  2009,  
pushing revenues up to EUR 3.4 million.  This  equates  to  an  
increase  of  nearly  10 percent compared with the same period  last 
year  (H12008:  EUR  3.1  million). Earnings actually increased even 
further - by 64 percent to EUR 1.8 million.
The Institutional Clients business unit, which  is  based  in  the  
Netherlands, also reported very satisfactory revenue and  earnings  
performance.  The  marked increase in the demand for issuers' 
consulting services pushed  revenues  up  to EUR 1.6 million (H12008:
EUR 1.2 million). Earnings increased by 18  percent  to EUR 0.4 
million.
Revenues generated by the Financial Service Providers  business  unit
increased to EUR 4.9 million (H12008: EUR 4.2  million).  Large  
investments  in  the  new platform technology and the aggressive 
conditions  briefly  offered  by  product providers operating  
outside  the  Europace  marketplace  did,  however,  burden earnings 
by EUR 1.3  million.  Hypoport  aims  to  prevent  the  same  
situation happening again in future and has successfully acquired 
further players  in  the banking environment for Europace. Close 
cooperation has  been  agreed  with  the PSD banks and preparations 
for collaboration  with  an  association  of  savings banks are 
underway. In addition, a joint venture with On-geo,  the  provider  
of specialist geo data, has enhanced the value of the  platform  for 
all  Europace partners.
On the occasion of the tenth anniversary of the  Europace  platform, 
Prof.  Dr. Thomas Kretschmar, Co-CEO and member of Hypoport's 
management board, looks  back over past developments: "We started 
with just a handful of staff  and  the  idea of integrating all 
financing processes across the entire value  chain  into  one 
platform. Nowadays, several hundred members of staff are constantly  
working  on improving the marketplace, which has  meanwhile  become  
the  standard."   As  a result of the recent cooperation agreements, 
Hypoport will shortly  be  actively collaborating with all major 
players in the  sector.  According  to  Kretschmar: "This will make 
us virtually immune to future  distortions  in  the  marketplace and 
will allow us to  significantly  increase  the  earnings  generated  
by  our platform again, once the crisis has passed."  the earnings 
generated by  out  nd will allow us to signfisector.creation chain  
reported  a  llion  in  the  first half 2009.rea not Kretschmar 
expects revenues and gross profit to record  slight growth, maybe 
into the double digits, over  the  coming  six  months  and  total 
earnings to match the level witnessed in the first half of the year.
About Hypoport AG Hypoport Group is an internet-based all-round 
financial services provider  based in Berlin. The Group employs some 
450 people. The company  has  been  listed  in the Prime Standard on 
Deutsche Börse since the end of 2007. Its  business  model consists 
of  two  reciprocally  beneficial  pillars  -  the  sale  of  
financial products (Dr. Klein & Co. AG) and the provision of a  
platform  for  transacting financial products via the internet.
Hypoport operates the EUROPACE B2B financial marketplace, which is  
the  largest German online platform for transacting financing 
products.  A  fully  integrated system links more than 30 banks with 
several thousand financial  advisors,  thus enabling the quick and 
direct agreement  of  contracts.  The  platform's  highly automated 
processes generate  considerable  cost  benefits.  Nowadays,  
EUROPACE processes some 400 financing transactions every day. 
Hypoport AG  publishes  the monthly house price index (HPX) based on 
real transaction data.
A list of the banks and service providers that use the platform can 
be found  at http://www.hypoport.de/partner.html. The Annual Report  
2008  is  available  for download at 
http://www.hypoport.de/publikationen.html.
end of announcement                               euro adhoc

Further inquiry note:

Michaela Reimann
Group Communications Manager
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@hypoport.de

Branche: Financial & Business Services
ISIN: DE0005493365
WKN: 549336
Börsen: Frankfurt / regulated dealing/prime standard

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