EANS-News: Hypoport AG starts the new year with stable revenue

Group revenue for Hypoport AG remained stable in the first quarter of
the year. However, a combination of negative factors resulted in a
net loss for the period. Recent developments point towards a further
stabilisation of the market and also to positive results from
previous investments.

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quarterly report

Subtitle: Group revenue for Hypoport AG remained stable in the first
quarter of the year. However, a combination of negative factors
resulted in a net loss for the period. Recent developments point
towards a further stabilisation of the market and also to positive
results from previous investments.

Berlin, 14 May 2010 (euro adhoc) - In the first quarter of 2010,
Hypoport was able to maintain a steady level of revenue at EUR12.08
million (Q1 2009: EUR12.66 million). The general economic situation
and the increased risk awareness and attention to credit ratings
throughout the industry meant that markets remained very cautious
once again during the quarter. The Berlin-based financial services
group is continuing to invest in ground-breaking platform technology.
It also continued to implement its strategy of building up a
comprehensive nationwide distribution network, successfully
increasing both the number of branches and the number of advisers
acting as sales agents or working in branch-based sales at the start
of the year. As a result of this investment, with revenue remaining
constant, EBITDA fell by 101 per cent to minus EUR28 thousand in the
first quarter of 2010 (Q1 2009: EUR2.08 million). "At the beginning
of the year, a variety of factors came together to create a market
environment that no-one had wished for," commented Ronald Slabke,
Co-CEO of Hypoport AG. As far as the Hypoport Group is concerned,
Slabke emphasised, "it is our conviction that by making these
investments we have laid the foundations for the future success of
our company. We are sticking to our strategy for growth, but
constantly adapting our activities to changing market conditions.
Following a very poor start to the year, recent weeks have provided
indications of a recovery in the market."

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
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard