HYPOPORT SE

Earnings Release • Apr 15, 2016

News Details

Corporate | 15 April 2016 15:58

Hypoport AG: Cumulative transaction volume tops EUR250 billion

DGAP-News: Hypoport AG / Key word(s): Quarter Results

2016-04-15 / 15:58

The issuer is solely responsible for the content of this announcement.

---

Press release

Volume of EUROPACE transactions in the first quarter of 2016

Cumulative transaction volume tops EUR250 billion

Berlin, 15 April 2016: The total volume of loans requested via the EUROPACE platform in the past fifteen years has exceeded the EUR250 billion mark. In the first quarter of 2016 alone, the transaction volume was EUR10.4 billion.

The personal-loans product segment was up by 33 per cent on the same quarter in 2015, rising from EUR0.4 billion to EUR0.6 billion. The Bauspar product segment was down slightly, declining by 6 per cent from EUR1.8 billion to EUR1.7 billion, and the mortgage finance segment experienced small decrease of 8 per cent, from EUR8.8 to EUR8.1 billion. Consequently, the transaction volume across all product segments, which amounted to EUR10.4 billion, was slightly below the total of EUR11.1 billion for the first quarter of 2015. “It was clear that we would fall just short of the record earnings generated in the first quarter of 2015,” said Thilo Wiegand, Chief Executive Officer of Europace AG. “However, having achieved a transaction volume in excess of EUR10 billion in the current circumstances is still an encouraging result.

“The mortgage-finance product segment was the hardest hit by the introduction of the Mortgage Credit Directive on 21 March 2016, because it necessitated making extensive changes to processes at product suppliers and distributors,” explained Wiegand. “As a result of the need to switch systems, some suppliers have temporarily withdrawn from the market altogether, which has naturally had an adverse impact on the number of transactions.”

At the same time as the introduction of the Mortgage Credit Directive, EUROPACE successfully completed the development of its new Baufi Smart front end – the biggest IT project in its history. “Now all EUROPACE partners are working with the most innovative front end in the market,” enthused Wiegand. “This has taken effort and resources. And, of course, a change of this kind means an initial readjustment for all users,” he acknowledged. “But anyone who works with it for a while, very quickly sees the huge benefits. Users are telling us that Baufi Smart has enabled them to increase the effectiveness of their mortgage finance advice by more than 50 per cent.”

The legally compliant front end also makes it easier for EUROPACE partners to recruit individual brokers. “They are now increasingly looking for access to IT solutions, because the Mortgage Credit Directive has made it virtually impossible to carry out the paper-based, manual brokerage business that many of them practise,” concluded Wiegand.

Note: Neither the revenue nor the earnings generated by Europace AG can be directly extrapolated from the transaction figures given above. All figures on the volume of financial products processed include cancellations and, consequently, cannot be compared directly with the revenue figures shown, which exclude cancellations.

About EUROPACE

Europace AG and its associated companies manage the internet-based financial marketplace EUROPACE. EUROPACE is the largest German transaction platform offering mortgages, Bauspar products and personal loans. A fully integrated system links more than 350 partners, including banks, insurance and financial product distributors. Several thousand users execute 35.000 transactions on EUROPACE every month, worth an annual volume of some 45 billon EUR. EUROPACE is certified by TÜV Datenschutzgutachten. Europace AG is a wholly owned subsidiary of Hypoport AG which is listed in the Prime Standard of Frankfurt Stock Exchange. At the end of 2015 Hypoport was admitted to the SDAX.

Contact:

Christian Würdemann

Investor Relations

Hypoport AG

Klosterstraße 71

D-10179 Berlin

Phone: +49 (0) 30 / 4 20 86 – 1920

Fax: +49 (0) 30 / 4 20 86 – 281920

E-Mail: ir@hypoport.de

Internet: www.hypoport.de

Twitter: http://twitter.com/Hypoport

---

2016-04-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP 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:	ir@hypoport.de
Internet:	www.hypoport.de
ISIN:	DE0005493365
WKN:	549336
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart

End of News	DGAP News Service