HYPOPORT SE

Earnings Release • May 6, 2013

News Details

Corporate | 6 May 2013 08:10

Hypoport AG: Hypoport increases its revenue in a challenging environment

Hypoport AG / Key word(s): Quarter Results

06.05.2013 / 08:10

---

Financial results for the first quarter of 2013

Online financial service provider Hypoport got off to a good start in 2013.
Its revenue grew by 7 per cent compared with the first quarter of 2012 to
EUR22 million. However, a turbulent insurance market and the economic
crisis in Europe continued to act as a drag on business in the first few
months of the year. Consequently, EBITDA fell to EUR1.1 million year on
year.

'The efforts undertaken to ensure that we continue to grow in the current
environment have been successful. What's more, I am convinced that the
additional expenses that we have incurred will have paid off in terms of
much stronger profitability by the end of this year,' commented Ronald
Slabke, the Chief Executive Officer (CEO) of Hypoport AG. Revenue for the
first three months of 2013 advanced by roughly 7 per cent on the
corresponding period of last year to EUR22 million (Q1 2012: EUR20.5
million). Hypoport needed to redouble its efforts in order to achieve this
result, which meant that its earnings before interest, tax, depreciation
and amortisation (EBITDA) fell year on year to EUR1.1 million (Q1 2012:
EUR2.06 million).

The sternest challenges were faced by the Private Clients business unit.
Although mortgage finance grew sharply year on year, sales of basic
investment products remained sluggish and low interest rates continued to
have a hugely detrimental impact on business in life insurance and health
insurance. The volume of transactions processed by the online platforms in
the Financial Service Providers business unit - excluding one-off items -
grew further despite the backdrop of a flatlining market. Although the
Institutional Clients unit experienced a quiet start to the year in terms
of the business that it actually transacted, its pipeline is now more fully
stocked than ever and, in the second quarter of this year, it is expected
to generate some large-volume business as well as closing smaller-ticket
deals. Dr. Klein's energy-efficiency loans - which combine a building
finance agreement with a KfW development bank loan and, consequently,
provide customers with low fixed interest rates on highly attractive terms
for very long periods - are just one factor driving this robust demand.
This is because, as market leader, Dr. Klein remains firmly rooted in the
housing sector and is well established with other institutional clients.

Information on Hypoport AG
As an independent financial product distributor that runs a B2B financial
marketplace, Hypoport operates successfully in two mutually reinforcing
segments. It always provides the simplest access to the best financial
services. Europace AG - a wholly owned Hypoport subsidiary - develops and
operates EUROPACE, which is an online financial marketplace and the largest
German platform offering mortgages, building finance products and personal
loans. A fully integrated system links more than 200 partners - banks,
insurers and financial product distributors. Several thousand users execute
over 20,000 transactions worth a total of up to EUR3 billion on EUROPACE
every month. The Hypoport subsidiary Dr. Klein & Co. AG is an independent
online distributor of financial products. This firm's specialists provide
private clients with a full range of advisory services around mortgage
finance, insurance and investments. Dr. Klein & Co. AG has been a major
financial service partner to housing companies, local authorities and
commercial property investors since 1954. Hypoport AG is headquartered in
Berlin, employs more than 500 people and is listed in the Prime Standard of
the Frankfurt Stock Exchange.

Contact:
Michaela Reimann
Head of Communications

Hypoport AG
Klosterstraße 71
10179 Berlin

Mobile: +49 (0) 151 / 58 04 - 1936
Phone.: +49 (0) 30 / 4 20 86 - 1936
E-mail: michaela.reimann@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport
Facebook: http://www.facebook.com/hypoport

End of Corporate News

---

06.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's 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: info@hypoport.de
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Stuttgart

End of News DGAP News-Service

209631 06.05.2013