Inside information pursuant to article 17 of the Market Abuse Regulation (MAR)
Financial results for 2016: exceptionally strong increase in EBIT
Berlin, 2 March 2017: The Group's preliminary results for 2016, which were analysed at today's meeting of the Hypoport AG Management Board, confirm double-digit growth in revenue and earnings, marking a significant increase on the prior-year figures.For 2016, Hypoport expects consolidated revenue of presumably €155 million (2015: €139 million) and earnings before interest and tax (EBIT) of presumably €23 million (2015: €19 million). This equates to an EBIT increase of presumably 21 per cent, another exceptionally sharp rise. The unusually strong fourth quarter played a major role in this significant growth. Institutional Clients, the smallest business unit, did not achieve the prediction for last year of growth in revenue and earnings of just into double figures. This was because of the dependency on individual big-ticket projects that is typical of its business model. By contrast, the two large business units, Financial Service Providers and Private Clients, exceeded expectations, especially in terms of EBIT growth. Overall, the Group easily met its forecast for 2016 of revenue and earnings growth of just into double figures.
These financial results still need to be verified by the auditor and adopted by the Supervisory Board. Hypoport AG will be publishing its preliminary financial results for 2016 as planned on 13 March this year.
Contact: Hypoport AG Michaela ReimannHead of Investor Relations & Public Affairs Tel: +49 (0)30 42086 1936
Email: ir@hypoport.de www.hypoport.com
Key data on Hypoport's sharesISIN DE 0005493365
WKN 549336
Stock exchange symbol HYQ
Segment Regulated Market in Frankfurt (Prime Standard); Open Market in Berlin, Düsseldorf, Stuttgart
Indices SDAX
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 | Christian Schröder | Website: www.hypoport.com |
Hypoport AG published this content on 02 March 2017 and is solely responsible for the information contained herein.
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