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HYPOPORT SE
Earnings Release • Apr 24, 2023
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Earnings Release
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News Details
Ad-hoc | 24 April 2023 19:30
Hypoport SE: Profitable start to the year despite weak market environment
Hypoport SE / Key word(s): Quarter Results/Preliminary Results
Hypoport SE: Profitable start to the year despite weak market environment
24-Apr-2023 / 19:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Inside information pursuant to article 17 of the Market Abuse Regulation (MAR)
Hypoport SE: Profitable start to the year despite weak market environment
Berlin, 24 April 2023: At today’s Management Board meeting, Hypoport’s preliminary business figures for Q1 2023 were evaluated. On this basis, the Hypoport Management Board expects the following results:
The development compared to Q1 2022 is therefore as follows:
- Revenue Q1 2023: approx. -30% to € 94 mn Euro (Q1 2022: € 136 mn)
- EBITDA Q1 2023: approx. -60% to 9 mn Euro (Q1 2022: € 25 mn)
- EBIT Q1 2023: approx. -90% to 1 mn Euro (Q1 2022: € 17 mn)
The main reason for the significant year-on-year decline in revenue and EBIT was a significant slump in the private mortgage market from summer 2022.
The development compared to Q4 2022 is as follows:
- Revenue Q1 2023: approx. +7% to € 94 mn (Q4 2022: € 88 mn)
- EBITDA Q1 2023: € 9 mn (Q4 2022: € 3 mn)
- EBIT Q1 2023: € 1 mn (Q4 2022: € -6 mn)
The main reason for the positive revenue development since Q4 2022 is a higher platform volume in the market for private mortgages. The EBIT improvement resulted, among other things, from the successful implementation of the 2022 cost reduction programme.
Hypoport will publish its Q1 statement as planned on Monday 8 May 2023.
Contact
Jan H. Pahl
Head of Investor Relations // IRO
Phone: +49 (0)30 / 42086 – 1942
Mobile: +49 (0)176 / 965 125 19
Email: [email protected]
Hypoport SE
Heidestr. 8
10557 Berlin
Germany
Key data on Hypoport’s shares
Hypoport SE
Regulated Market in Frankfurt (Prime Standard)
ISIN DE0005493365 / WKN 549336 / Stock exchanges symbol HYQ
End of Inside Information
24-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Hypoport SE |
| Heidestraße 8 | |
| 10557 Berlin | |
| Germany | |
| Phone: | +4930420861942 |
| Fax: | +49/30 42086-1999 |
| E-mail: | [email protected] |
| Internet: | www.hypoport.de |
| ISIN: | DE0005493365 |
| WKN: | 549336 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1615621 |
| End of Announcement | EQS News Service |