excellent revenue growth and exceptional level of results in the first quarter of 2022

DGAP-News: Hypoport SE / Key word(s): Quarterly results
Hypoport SE: excellent revenue growth and exceptional level of results in the first quarter of 2022
09.05.2022 / 07:05
The issuer is solely responsible for the content of this announcement.

Group results for Q1 2022

Hypoport SE: excellent revenue growth and exceptional level of results in the first quarter of 2022

– Consolidated revenue increases by 26% to reach 136 million euros in the first quarter of 2022

– EBIT jumps 40% to 17 million euros despite high levels of investment for the future

Berlin, May 9, 2022: Hypoport’s consolidated turnover increased by 26% to 136 million euros in the first three months of the year. All four segments contributed to this strong increase, with growth rates ranging from 22% to 31%.

the Credit platform segment recorded the strongest increase in its turnover within the Hypoport group, with a leap of 31% to 60 million euros. This is mainly driven by the growth in mortgage financing activity on the Europace B2B market place and on the FINMAS and GENOPACE sub-markets for savings banks and cooperative banks. The growth of brokerage pools that support sales and, in particular, the extremely positive performance of corporate finance adviser REM Capital also contributed to platform revenues. EBIT grew at an even faster rate than sales, by 47% to EUR 15 million. This despite the fact that Hypoport continues to invest in new products, such as Europace OneClick, and to develop activities in new areas of the market, such as personal loans for the cooperative banking sector.

In the Individual Customers Division, sales increased by 22% to 43 million euros. Systematic use of Europace has enabled leading B2C brand Dr. Klein to achieve additional efficiencies over distributors who are not yet connected to the platform. As a result, Dr. Klein continued to capture additional market share. Thanks to economies of scale and controlling cost increases, the segment’s EBIT grew at an even faster rate than sales, increasing by 31% to 8 million euros.

In the Real Estate Platform Segment, turnover increased by 25% to reach 18 million euros. This represented a significant acceleration in growth from rates of 5% in 2020 and 9% in 2021. A key reason for this was the shift from individual project activities to scalable platform models. This transformation had, in some cases, harmed the turnover of previous years. Another key reason for the faster growth is the exceptionally strong operational activity of the real estate finance platform, which is explained by the housing sector’s increased willingness to do business due to rising interest rates. interest. The segment’s EBIT amounted to 1 million euros despite high levels of investment. Relative to its revenue, “digital platform for housing” remains the main area of ​​investment within the Hypoport Group, even though EBIT has increased.

The process involved in the Insurance Platform Segment end of 2021/beginning of 2022 to optimize the strategic orientation through the creation of three distinct business units (private insurance, industrial insurance and occupational pensions) continues to move forward. Additionally, premium volume migrated to the fully integrated SMART INSUR platform continued to grow in the first quarter. New customers were acquired and new platform functions were implemented for ePension and SMART INSUR. The segment’s turnover increased by 23% to 16 million euros in the first quarter of 2022, partly thanks to the full takeover of AMEXPool. Organic growth was around 10%, which is higher than the growth rates recorded in 2020 and 2021. At a loss of 0.5 million euros, EBIT remained almost unchanged from year on year, with investments remaining at a high level.

“We again delivered significant double-digit percentage growth in the first quarter,” said Ronald Slabke, Managing Director of Hypoport SE, commenting on the year-to-date performance. “The past 20 years have shown that we can continually achieve double-digit percentage increases in market share and outpace market growth, regardless of overall market performance. The demand for housing in Germany, which will remain at a high level for some time to come, our many additional platforms and our growth-oriented corporate culture provide fertile ground for our future expansion. The current environment, which includes high levels of volatility, offers tremendous strategic opportunities for our agile network of businesses.

(in millions of euros)

Q1
2022

Q1
2021

Q1
Switch

Revenue

136.4

107.9

26%

Credit platform

59.8

45.6

31%

of which private customers

42.8

35.1

22%

Real Estate Platform

18.4

14.7

25%

Insurance platform

15.8

12.9

23%

of which Detention & Reconciliation

-0.4

-0.4

-ten%

Gross profit

72.5

55.6

30%

EBITDA

24.7

19.2

29%

EBIT

16.9

12.1

40%

Net income for the period

12.8

9.4

37%

Earnings per share (in €) (undiluted / diluted)

1.99

1.51

32%

About Hypoport SE

Hypoport SE is headquartered in Lübeck (Germany) and is the parent company of the Hypoport Group. The Group is a network of technology companies for the credit, real estate and insurance sectors with a workforce of approx. 2,500 employees. It is grouped into four segments: Credit Platform, Private Clients, Real Estate Platform and Insurance Platform.

The Credit Platforms segment operates Europace, an online B2B financial marketplace and Germany’s largest platform offering mortgages, construction finance products and personal loans. A fully integrated system connects approx. 800 partners – banks, insurers and distributors of financial products. Several thousand credit brokerage advisers carry out more than 35,000 transactions per month on Europace, generating a volume of more than 9 billion euros. In addition to Europace, the FINMAS and GENOPACE sub-places and the B2B distribution companies Qualitypool and Starpool support the growth of the credit platform. REM CAPITAL AG provides specialist advice on setting up complex public sector development loans for companies and SME financing in Germany. At fundingport GmbH, a market for corporate finance is being created.

The Private Clients segment, consisting of the non-captive Internet financial product distributor Dr. Klein Privatkunden and the consumer comparison portal Vergleich.de, brings together all business models aimed at directly advising consumers on mortgage, insurance or of retirement.

All the real estate activities of the Hypoport Group, with the exception of the brokerage of loans for individuals, are grouped together in the Real Estate Platform segment with the objective of digitizing the sale, valuation, financing and management of properties and, ultimately, creating a digital platform for housing.

The Insurance Platform segment comprises three business units: private insurance (SMART INSUR), industrial insurance and occupational pensions (ePension). The insurance business of B2B distributor Qualitypool is also assigned to this segment.

Shares of Hypoport SE are listed on the Prime Standard segment of the Frankfurt Stock Exchange (Deutsche Börse) and have been included in the MDAX since September 2021.

Contact

Jan H.Pahl
Head of Investor Relations // IRO

Telephone: +49 (0)30 / 42086 – 1942
Mobile: +49 (0)176 / 965 125 19
Email: ir@hypoport.de

Hypoport SE
Heidestr. 8
10557Berlin

www.hypoport.com

Key data on Hypoport shares

ISIN OF 0005493365
WKN549336
Stock symbol HYQ

09.05.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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