Hypoport AG: Hypoport AG generates significant revenue growth and expects EBIT for 2017 to be on a par with the previous year

Inside information pursuant to article 17 of the Market Abuse Regulation (MAR)

Hypoport AG generates significant revenue growth and expects EBIT for 2017 to be on a par with the previous year

Berlin, 2 March 2018: The preliminary financial results for the Hypoport Group, which were analysed at today's meeting of the Management Board, show that revenue for 2017 rose by a substantial 24 per cent to approximately EUR194 million. Earnings before interest and tax (EBIT) was on a par with the previous year. This was due to the year-on-year decrease in EBIT in the Institutional Clients business unit resulting from only slight revenue growth and higher expenses for expanding its sales capacity and digitalisation. The three other business units, Credit Platform, Private Clients and Insurance Platform, saw healthy increases in revenue and earnings in line with the planning.

For the Hypoport Group as a whole, the Management Board predicts that revenue has risen by around 24 per cent to approximately EUR194 million (2016: EUR156.6 million) and that EBIT will be around EUR23 million (2016: EUR23.3 million).

The Company's projection of achieving percentage increases for both revenue and earnings of just into double figures in 2017 was therefore comfortably achieved for revenue but missed for EBIT due to the reasons already explained.

The financial results presented to the Management Board still need to be verified by the auditor and adopted by the Supervisory Board.

Hypoport will shortly be publishing a press release containing further details on its business performance in 2017.

Contact
Hypoport AG
Jan H. Pahl
Investor Relations Manager
Phone: +49 (0)30 / 42086 - 1942
Mobil: +49 (0)176 / 965 125 19
Email: ir@hypoport.de
www.hypoport.de

Key data on Hypoport's shares
ISIN DE 0005493365
WKN 549336
Stock exchanges symbol HYQ