EANS-News: Hypoport AG / Q1 results: Holding course in strong cross winds

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Berlin (euro adhoc) - 15 May 2009: Hypoport AG was again able to
increase revenues in the first quarter 2009. The smaller business
units, in particular, proved to be very successful, contributing
strongly towards the overall result. The financial service provider
is currently outperforming its competitors in terms of revenue and
earnings.

Hypoport, Berlin-based provider of financial services, was able to
further expand its market shares in the first quarter 2009. Revenue
increased by 4 percent to EUR 12.7 million (previous year: EUR 12.2
million). Gross profit even increased by 11 percent to EUR 8.7
million (previous year: EUR 7.9 million). The rising costs of setting
up both a new Europace platform and a regional distribution network
for Dr. Klein caused EBITDA to decline by 14 percent to EUR 2.1
million. According to Ronald Slabke, Co-CEO at Hypoport AG: "The
result is excellent, given the current market conditions. We are the
only listed financial products distributor in the Prime Standard that
has been able to increase its revenue in the first quarter 2009. And
in spite of a decline we still rank first in terms of key earnings
figures. Our competitors suffered much larger slumps in earnings."

The smaller business units proved to be particularly successful. The
Corporate Real Estate Clients business unit increased its revenue by
12.2 percent to EUR 2.1 million and made a substantial contribution
towards the overall result. Following the successful sale of the
loss-making business division for ABS investors, the Institutional
Clients business unit is also back in the black. It actually managed
to increase its revenue by 39 percent to EUR 0.8 million. The Private
Clients and Financial Service Providers business units were adversely
affected by fewer mortgage finance transactions. The Private Clients
business unit was able to compensate this fluctuation in demand with
earnings from other product segments - and in doing so, to increase
its revenue by 1.3 percent - whereas the Financial Service Providers
business unit was able to successfully acquire several new product
providers for the Europace platform. Nevertheless, the Financial
Service Providers business unit suffered a 7 percent dip in revenue,
mainly because January was such a weak month.

Following the massive expansion of its branch distribution activities
and now that the development of a new Europace platform, which is
also suitable for other banking sectors, has been completed, Hypoport
Group is targeting a revenue increase to more than EUR 100 million
per year over the medium term and EBIT margins that are well into the
double digits. In light of the uncertainties surrounding the crisis
on the financial markets, the Group´s management expects revenue to
increase slightly and EBIT to remain stable in 2009.

end of announcement euro adhoc
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ots Originaltext: Hypoport AG
Im Internet recherchierbar: http://www.presseportal.de

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
Börsen: Frankfurt / regulated dealing/prime standard