EANS-News: Hypoport AG starts 2012 on a robust note

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quarterly report

Berlin, 7 May 2012 (euro adhoc) - Financial service provider Hypoport
continued to grow in the first quarter of 2012, raising its revenue
by 16.4 per cent to EUR20.6 million. The key drivers of this growth
were the strong performance of the EUROPACE marketplace and the
impartial mortgage finance advice offered to customers. However, a
lack of big-ticket deals with institutional clients masked the
Company's impressive earnings figures, with EBITDA declining
marginally year on year to around EUR2 million.

The Financial Service Providers business unit was one of the main
factors driving Hypoport's double-digit revenue growth to EUR20.6
million (Q1 2011: EUR17.7 million). The EUROPACE platform was
bolstered by its success in signing up new partners and by the fact
that banks, insurance companies and building finance associations are
using this marketplace not only to strengthen their own business but,
increasingly, to sell financial products to third-party distributors.
Despite tough market conditions in the insurance sector, the Private
Clients business unit also made an encouraging start to the year.
Insurance companies, distributors and end customers were unnerved by
the regulatory changes introduced in the market, which meant that
business in insurance was generally subdued in the first quarter. The
Institutional Clients unit continued to expand its brokerage
activities and consulting services for housing companies, local
authorities, municipal entities and commercial customers. However,
the first quarter of 2012 suffered from a lack of big-ticket
transactions, whose volumes fluctuate sharply over the course of the
year. Earnings before interest, tax, depreciation and amortisation
(EBITDA) fell slightly year on year to EUR2.0 million (Q1 2011:
EUR2.2 million). Ronald Slabke, chief executive officer of Hypoport
AG, commented on the first three months of the current year: "On the
whole, Hypoport has been moving in the right direction. All three
business units significantly strengthened the platforms on which they
can generate future growth. This is more important for our business
over the year as a whole than temporary operating conditions, which
impacted on our first-quarter earnings." Assuming that the market
environment remains unchanged, Slabke still expects the Company to
achieve double-digit revenue growth and a year-on-year improvement in
net profit for 2012 as a whole.

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 roughly 180 partners - banks, insurers and
financial product distributors. Several thousand users execute over
20,000 transactions worth a total of more than 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.

Further inquiry note:
Michaela Reimann
Pressesprecherin
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@hypoport.de

end of announcement euro adhoc
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company: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: ir@hypoport.de
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes: CDAX, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English