Ad-hoc disclosure pursuant to section 15 of the German Securities Trading Act (WpHG)
Record results in 2015, with sharp year-on-year rises in revenue and earnings
Berlin, 4 March 2016: Based on the consolidated figures that were evaluated at Hypoport AG's Management Board meeting today, revenue of €139 million and EBIT of at least €19 million are expected for 2015 as a whole.Revenue grew by 24 per cent year on year (2014: €112.3 million). Earnings before interest and tax (EBIT) actually more than doubled. (2014: €7.9 million).
"Our three business units, Financial Service Providers, Private Clients and Institutional Clients, have all reported record results for 2015. The housing market in Germany is experiencing a phase of structural growth. We are confident that our technology-based business models will continue to scale in the future and will continue to outstrip the market," commented Ronald Slabke, Chief Executive Officer of Hypoport AG.
Hypoport will be publishing its preliminary financial results for 2015 as planned on 14 March this year.
The Hypoport Group is a technology-based financial service provider. The business model is based on its three mutually supporting business units: Private Clients, Financial Service Providers, and Institutional Clients. All three units are engaged in the distribution of financial services, facilitated or supported by finance-technology ('fintech'). As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates the web-based EUROPACE financial marketplace, which is Germany's largest platform for mortgages, building finance products and personal loans. A fully integrated system links some 350 partners - banks, insurers and financial product distributors. Several thousand users execute some 35.000 transactions worth a total of up to €4 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 retirement planning. Dr. Klein & Co. AG has been a major financial service partner to housing companies and commercial property investors since 1954. Hypoport AG is headquartered in Berlin, employs more than 500 people and is listed in the Prime Standard of the Frankfurt Stock Exchange. At the end of 2015 Hypoport was admitted to the SDAX.
Hypoport AG Christian Würdemann
Head of Group Operations Tel: +49 (0)30 42086 1920
Email: ir@hypoport.de www.hypoport.de
ISIN DE 0005493365
WKN 549336
Stock exchange symbol HYQ
Management Board: | Supervisory Board: | Berlin-Charlottenburg local court |
Ronald Slabke (CEO), | Dr Ottheinz Jung-Senssfelder (chairman), | HRB 74559 |
Stephan Gawarecki, | Roland Adams (deputy chairman), | VAT reg. no.: DE207938067 |
Hans Peter Trampe, Thilo Wiegand | Christian Schröder | Website: www.hypoport.com |
Hypoport AG issued this content on 04 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 March 2016 17:13:50 UTC
Original Document: http://www.hypoport.com/fileadmin/Dokumente/Presse/Pressemitteilungen/2014/20160304_Hypoport-Ad_Hoc-revenue_and_earnings-2015.pdf