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EANS-News: Hypoport AG with stable revenues

Geschrieben am 14-08-2009


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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Financial Figures/Balance Sheet/quarterly report/Stock
Activity/6-month report

Berlin (euro adhoc) - 14 August 2009: Hypoport AG was again able to
increase revenues in the first six months of 2009. As has also been
the case in the past, the Group is using most of the gains to
actively drive its future positioning in the marketplace. This
burdens our current results. But former investments in the future
are now proving to be the driving force behind the company's success.
On this basis, the earnings generated by three of the four business
units grew by between 18 and 64 percent.

Hypoport AG was again able to marginally increase its revenues in the
first six months of 2009. Compared with the first half 2008, Group
revenues increased by 2 percent to EUR 25.1 million (previous year:
EUR 24.6 million). Gross profit increased in line by 2 percent to
EUR 16.5 million (previous year: EUR 16.2 million). Earnings
before interest, taxes, depreciation and amortisation (EBITDA)
declined from EUR 4.1 million to currently EUR 3 million, besides
the general economic situation primarily as a result of
investments aimed at establishing the new B2B transaction platform.
Further funds were invested in developing new sectors within the
market for financial services and in the ongoing expansion of
the company's sales capacities in existing markets. Ronald Slabke,
Co-CEO of Hypoport AG, comments on the results: "The decrease in
EBITDA is clearly not satisfying. However, compared with the results
of the peer group our position is still excellent. We believe
that actively shaping our own market positioning is crucially
important at this particular moment in time. We are not looking to
reap the short term success at the tip of the iceberg. Our
strategy is tailored more to the long term profits on the fertile
mainland."

The Private Clients business unit once again increased its revenues
generated from "other financial service products". The - at times -
aggressive pricing strategy adopted by various regional banks caused
revenues from mortgage loans to decline slightly, resulting in a 5
percent decrease in revenues overall. Earnings (EBIT) for the
business unit as a whole were not affected, and increased by
45 percent to the current level of EUR 1.6 million. In addition,
the company was able to considerably strengthen its sales
capacities at all levels and particularly with regard to the branch
office consultants.

In the current environment, the Corporate Real Estate Clients
business unit is benefiting from the long standing relationships of
trust it has built up with its clients and from the ensuing
good reputation it has meanwhile earned throughout the sector.
Compared with the first six months of 2008, new business increased
by 32 percent to EUR 661 million in the first half 2009,
pushing revenues up to EUR 3.4 million. This equates to an
increase of nearly 10 percent compared with the same period last
year (H12008: EUR 3.1 million). Earnings actually increased even
further - by 64 percent to EUR 1.8 million.

The Institutional Clients business unit, which is based in the
Netherlands, also reported very satisfactory revenue and earnings
performance. The marked increase in the demand for issuers'
consulting services pushed revenues up to EUR 1.6 million (H12008:
EUR 1.2 million). Earnings increased by 18 percent to EUR 0.4
million.

Revenues generated by the Financial Service Providers business unit
increased to EUR 4.9 million (H12008: EUR 4.2 million). Large
investments in the new platform technology and the aggressive
conditions briefly offered by product providers operating
outside the Europace marketplace did, however, burden earnings
by EUR 1.3 million. Hypoport aims to prevent the same
situation happening again in future and has successfully acquired
further players in the banking environment for Europace. Close
cooperation has been agreed with the PSD banks and preparations
for collaboration with an association of savings banks are
underway. In addition, a joint venture with On-geo, the provider
of specialist geo data, has enhanced the value of the platform for
all Europace partners.

On the occasion of the tenth anniversary of the Europace platform,
Prof. Dr. Thomas Kretschmar, Co-CEO and member of Hypoport's
management board, looks back over past developments: "We started
with just a handful of staff and the idea of integrating all
financing processes across the entire value chain into one
platform. Nowadays, several hundred members of staff are constantly
working on improving the marketplace, which has meanwhile become
the standard." As a result of the recent cooperation agreements,
Hypoport will shortly be actively collaborating with all major
players in the sector. According to Kretschmar: "This will make
us virtually immune to future distortions in the marketplace and
will allow us to significantly increase the earnings generated
by our platform again, once the crisis has passed." the earnings
generated by out nd will allow us to signfisector.creation chain
reported a llion in the first half 2009.rea not Kretschmar
expects revenues and gross profit to record slight growth, maybe
into the double digits, over the coming six months and total
earnings to match the level witnessed in the first half of the year.

About Hypoport AG Hypoport Group is an internet-based all-round
financial services provider based in Berlin. The Group employs some
450 people. The company has been listed in the Prime Standard on
Deutsche Börse since the end of 2007. Its business model consists
of two reciprocally beneficial pillars - the sale of
financial products (Dr. Klein & Co. AG) and the provision of a
platform for transacting financial products via the internet.

Hypoport operates the EUROPACE B2B financial marketplace, which is
the largest German online platform for transacting financing
products. A fully integrated system links more than 30 banks with
several thousand financial advisors, thus enabling the quick and
direct agreement of contracts. The platform's highly automated
processes generate considerable cost benefits. Nowadays,
EUROPACE processes some 400 financing transactions every day.
Hypoport AG publishes the monthly house price index (HPX) based on
real transaction data.

A list of the banks and service providers that use the platform can
be found at http://www.hypoport.de/partner.html. The Annual Report
2008 is available for download at
http://www.hypoport.de/publikationen.html.


end of announcement euro adhoc
--------------------------------------------------------------------------------


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


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