Hypoport SE
Hypoport AG generates profitable growth in 2014
Hypoport AG / Key word(s): Preliminary Results Press release Financial results for 2014 Hypoport AG generates profitable growth in 2014 Berlin, 9 March 2015: Last year saw Hypoport, an online financial service provider, achieve by far its best-ever financial results. Revenue grew by 14 per cent to EUR112.3 million (2013: EUR98.1 million). Earnings before interest and tax (EBIT) more than doubled year on year to EUR7.9 million (2013: EUR3.9 million). The Hypoport Group once again demonstrated that its focus on technology-based financial services is paying off and, consequently, that it can continue to deliver an exceptionally strong performance in what is a challenging interest-rate and market environment. “We hit our revenue and EBIT targets for last year despite the fact that the financial services industry continues to undergo a process of radical change,” commented Ronald Slabke, Chief Executive Officer, on the Company’s performance. “We only managed to achieve these outstanding results because we were an early adopter of the possibilities offered by the internet for the distribution of financial services in conjunction with electronic business processes. While some market participants are now hailing ‘fintech’ − the combination of finance and technology − as the future of financial services, Hypoport has already been using this for the past 15 years to successfully develop its business organically.” The Private Clients business unit was one of the main beneficiaries of the Hypoport Group’s strong technology base last year. It expanded its insurance portfolio by 18 per cent in this perpetually challenging business line, while at the same time cutting its costs by increasing the level of software-based automation. It also continued to grow its share of the stagnating mortgage finance market by expanding the volume of new loans that it brokered by 18 per cent. Both of these trends played a key role in enabling the Private Clients business unit to raise its revenue to EUR63.9 million (2013: EUR56.1 million) while returning to profitability with an impressive EBIT of EUR1.9 million (2013: loss of EUR1.6 million). The total volume of transactions processed in the Financial Service Providers business unit reached a new all-time high of EUR36.2 billion in 2014. Despite the fact that a one-off effect on the Company’s sales-supporting Packager services no longer applied and an increasingly neutral impact on earnings from capitalisation costs, the revenue of EUR34.4 million generated by this business unit during the reporting year (2013: EUR30.3 million) yielded EBIT of EUR5.6 million (2013: EUR6.0 million) and an encouraging EBIT margin of 16 per cent. The Institutional Clients unit benefited from above-average growth in new lending business in 2014. By raising both its revenue and its EBIT by 18 per cent to EUR14.5 million (2013: EUR12.3 million) and EUR4.5 million EBIT (2013: EUR3.8 million) respectively, this business line remains one of the growth drivers in the Hypoport Group. Given the uncertain future facing the eurozone and the radical changes taking place in the financial services industry, Hypoport expects to achieve light double-digit growth in its revenue and EBIT for the 2015 financial year. Information on Hypoport AG Contact: Christian Würdemann Head of Communications, Human Resources & Legal Hypoport AG Klosterstraße 71 D-10179 Berlin Phone: +49 (0) 30 / 4 20 86 – 1920 Fax: +49 (0) 30 / 4 20 86 – 281920 E-Mail: ir@hypoport.de Internet: www.hypoport.de Twitter: http://twitter.com/Hypoport 2015-03-09 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Hypoport AG | |
Klosterstraße 71 | ||
10179 Berlin | ||
Germany | ||
Phone: | +49/30 42086-0 | |
Fax: | +49/30 42086-1999 | |
E-mail: | ir@hypoport.de | |
Internet: | www.hypoport.de | |
ISIN: | DE0005493365 | |
WKN: | 549336 | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart | |
End of News | DGAP News-Service |
331159 2015-03-09 |