Hypoport SE
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 Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 02-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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, Tradegate Exchange End of Announcement DGAP News Service
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