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Hypoport AG

EANS-News: Hypoport AG demonstrates the superior quality of its business model

Berlin, 13 August 2010 (euro adhoc) -

The Hypoport Group's business model showed exactly what it is capable
of in the second quarter of 2010. The normalisation of market 
conditions enabled all business units to play to their full 
strengths, thereby generating significant revenue and earnings 
growth. The bottom line was boosted by the strong distribution 
network in business with private clients, the record volume of 
transactions processed on the EUROPACE platform, and big-ticket deals
closed with corporate real estate clients.
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report
Subtitle: The Hypoport Group's business model showed exactly what it 
is capable of in the second quarter of 2010. The normalisation of 
market conditions enabled all business units to play to their full 
strengths, thereby generating significant revenue and earnings 
growth. The bottom line was boosted by the strong distribution 
network in business with private clients, the record volume of 
transactions processed on the EUROPACE platform, and big-ticket deals
closed with corporate real estate clients.
Following a lacklustre start to
the year, Hypoport AG has delivered a highly impressive set of 
financial results for the second quarter of 2010, posting first-half 
revenue of EUR28 million (H1 2009: EUR25.1 million). Earnings before 
interest, tax, depreciation and amortisation (EBITDA) over the same 
period came to EUR3.3 million (H1 2009: EUR2.99 million). This 
translates into growth of 11 per cent in both revenue and EBITDA.
All business units contributed to this encouraging performance in 
what was generally a more upbeat market environment. In the Private 
Clients business, the significant expansion of the distribution 
network of independent advisers and franchisees paid dividends for 
the first time. The strong brand equity of the 'Dr. Klein' franchise 
provided valuable support to this trend in branch-based sales. 
Revenue advanced accordingly by 10.7 per cent to EUR16.5 million (H1 
2009: EUR14.9 million). The Financial Service Providers business unit
also contributed to this revenue growth by generating a record volume
of transactions worth around EUR4 billion. One particularly 
impressive achievement was the stellar growth in building finance 
products, whose revenue soared from EUR69 thousand in the first half 
of 2009 to EUR539 million in the corresponding period of 2010. This 
business also benefited from the normalisation of the mortgage 
finance market. In addition, the independence of the EUROPACE 
transactions platform from individual product suppliers is 
increasingly proving to be a unique selling proposition and is 
further enhancing its success. The Corporate Real Estate Clients 
business unit raised its revenue by 11.8 per cent to EUR3.8 million 
(H1 2009: EUR3.4 million) and continued to benefit from its extensive
regional presence in the second quarter. This positive trend was 
reinforced by individual big-ticket deals. The diversity of the 
Hypoport Group's operations provided a certain protection in the 
first quarter of 2010, mitigating the adverse effects of what was a 
challenging market environment. "The more benign climate prevailing 
in the second quarter clearly illustrated what our business model is 
capable of once market conditions return to normal", commented Ronald
Slabke, the chief executive officer of Hypoport AG.
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
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard

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