Hypoport SE: strong growth in sales and results in the first half of 2022 despite uncertain market conditions

DGAP-News: Hypoport SE / Key word(s): Half-year results

Hypoport SE: strong growth in sales and results in the first half of 2022 despite uncertain market conditions

08.08.2022 / 07:04 CET/EST
The issuer is solely responsible for the content of this announcement.

Group results in H1 2022

Hypoport SE: strong growth in sales and results in the first half of 2022 despite uncertain market conditions

  • Consolidated revenue increases by 23% to 262 million euros in the first half of 2022
  • EBIT jumps 38% to 30 million euros despite continued major investments for the future

Berlin, August 8, 2022: Hypoport has continued to grow despite soaring interest rates and consumer uncertainty about the future of interest rates, economic growth and house prices. Consolidated turnover increased by 23 by cent to 262 € million. All four segments contributed to this strong growth, with double-digit growth rates ranging from 14 by hundred to 29 by hundred.

The Credit platform segment recorded the largest increase in revenue within the Hypoport group (up 29%). The main drivers of this improvement were the very encouraging performance of corporate finance advisory REM CAPITAL and the growth of mortgage financing activity on the B2B credit market Europace, on the FINMAS and GENOPACE sub-markets for credit unions. savings and cooperative banks, and in sales-support brokerage pools. EBIT grew at an even faster rate than sales, by 49% to EUR 31 million. This despite Hypoport continuing to invest in new products (e.g. Europace OneClick), developing business in new market areas (e.g. GenoFlex for cooperative banking) and piloting the corporate finance platform “fundingport”.

In the Individual Customers Division, sales increased by 14% to 78 million euros. The systematic use of Europace has enabled the Dr. Klein franchise network to gain even more efficiency compared to advisers not yet connected to the platform. As a result, Dr. Klein continued to capture additional market share. The segment’s EBIT increased by 12% to EUR 14 million.

In the Real Estate Platform Segment, turnover increased by 24% to reach 35 million euros. This represented a significant acceleration in growth from rates of 5% in 2020 and 9% in 2021. In this case, the main drivers were the exceptionally strong operating activity of the real estate finance platform, which was due to the growth of the housing sector. an increased willingness to do business due to rising interest rates and the large-scale expansion of the real estate appraisal platform Value AG. The segment’s EBIT improved slightly to a loss of €1 million despite continued significant investments for the future. Compared to its turnover, the “digital platform for housing” therefore still represents by far the largest investment item within the Hypoport Group.

The process involved in the Insurance Platform Segment beginning of 2022 to optimize the strategic orientation by creating three separate business units (private insurance, industrial insurance and occupational pensions) continues to move forward. In addition, premium volume migrated to the fully integrated SMART INSUR platform continued to grow in the first half. New customers were acquired and new platform functions were implemented for ePension and SMART INSUR. Segment revenue increased by 24% to EUR 29 million during the reporting period. EBIT weakened slightly to a loss of €2.0 million due to high levels of platform investment.

Ronald Slabke, Managing Director of Hypoport SE, provided the following assessment of the year to date: “In the first half of 2022, the market segment most relevant to our business – the mortgage finance market – was affected by damaging developments such as rising interest rates, the threat of a recession, the shortage of resources in the construction sector and the inability of the German government to effectively coordinate financial support programs. encountered each of these issues and have always been able to meet the associated challenges, thanks to the strong competitive position of our B2B platforms. The first half of 2022 was no exception and we have already achieved a large part of the objectives that we we had set ourselves for the whole year.In the second half of the year, the combination of the above-mentioned unfavorable factors in the market could lead to longer wind times e mortgage financing products. However, we will continue on our growth path despite the uncertainties in our core market. »

Today’s webcast at 5:00 p.m. Central European Summer Time (CEST) can be accessed from our website at www.hypoport.com

(in millions of euros) S1 2022 H1 2021 H1
To change
To change
Revenue 262.5 213.0 23% 126.1 105.2 20%
Credit platform 120.2 93.0 29% 60.4 47.4 28%
of which private customers 78.3 68.7 14% 35.6 33.6 6%
Real Estate Platform 35.4 28.6 24% 17.0 13.9 22%
Insurance platform 29.4 23.7 24% 13.6 10.8 26%
of which Detention & Reconciliation -0.9 -0.9 -2% -0.4 -0.5 5%
Gross profit 144.9 112.5 29% 72.4 56.9 27%
EBITDA 46.0 36.2 27% 21.3 17.0 26%
EBIT 30.2 21.8 38% 13.3 9.8 36%
Net income for the period 22.5 16.7 35% 9.7 7.4 32%
Earnings per share (in €) (undiluted / diluted) 3.62 2.63 38% 1.63 1.12 46%

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 operations 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 SDAX or MDAX since 2015.


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



Key data on Hypoport shares

ISIN OF 0005493365


Stock symbol HYQ

08.08.2022 CET/CEST Dissemination 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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