HYPOPORT SE

Earnings Release • Mar 2, 2017

News Details

Ad-hoc | 2 March 2017 18:45

Hypoport AG: Financial results for 2016 – exceptionally strong increase in EBIT

Hypoport AG / Key word(s): Final Results

02-March-2017 / 18:45 CET/CEST
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The issuer is solely responsible for the content of this announcement.

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Inside information pursuant to article 17 of the Market Abuse Regulation
(MAR)

Financial results for 2016: exceptionally strong increase in EBIT

Berlin, 2 March 2017: The Group's preliminary results for 2016, which were
analysed at today's meeting of the Hypoport AG Management Board, confirm
double-digit growth in revenue and earnings, marking a significant increase
on the prior-year figures.

For 2016, Hypoport expects consolidated revenue of presumably EUR155
million (2015: EUR139 million) and earnings before interest and tax (EBIT)
of presumably EUR23 million (2015: EUR19 million). This equates to an EBIT
increase of presumably 21 per cent, another exceptionally sharp rise. The
unusually strong fourth quarter played a major role in this significant
growth. Institutional Clients, the smallest business unit, did not achieve
the prediction for last year of growth in revenue and earnings of just into
double figures. This was because of the dependency on individual big-ticket
projects that is typical of its business model. By contrast, the two large
business units, Financial Service Providers and Private Clients, exceeded
expectations, especially in terms of EBIT growth. Overall, the Group easily
met its forecast for 2016 of revenue and earnings growth of just into
double figures.

These financial results still need to be verified by the auditor and
adopted by the Supervisory Board. Hypoport AG will be publishing its
preliminary financial results for 2016 as planned on 13 March this year.

Contact:
Michaela Reimann
Head of Investor Relations & Public Affairs

Hypoport AG
Klosterstraße 71
D-10179 Berlin

Tel.: +49 (0) 30 / 4 20 86 - 1936
Mobile: +49 (0) 151 5804 1936
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport

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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,
Tradegate Exchange

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