Hypoport SE
Hypoport AG: Hypoport raises its earnings forecast for the 2014 financial year
Hypoport AG / Key word(s): Miscellaneous 20.02.2015 16:49 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc disclosure pursuant to section 15 of the German Securities Trading Act (WpHG) Hypoport raises its earnings forecast for the 2014 financial year Berlin, 20 February 2015: The Hypoport Group raised its earnings forecast for the 2014 financial year at today's Management Board meeting after evaluating its consolidated management accounting figures. The Management Board of Hypoport AG expects its previous earnings forecast for last year - earnings above the record levels seen in 2010 and 2011 - to be exceeded. The Company now believes it will generate earnings before interest and tax (EBIT) in excess of EUR7.5 million (2013: EUR4.0 million) for the 2014 financial year. Revenue will, as expected, have achieved double-digit growth in 2014. The main reason for revising this forecast is the strong fourth quarter of last year. The fallout from the financial and sovereign debt crises continues to radically transform the financial services market. Despite this persistently challenging environment, all Hypoport business units delivered impressive results for 2014 as a whole. The Private Clients and Institutional Clients business units made especially valuable contributions to last year's earnings growth. Hypoport will be publishing its preliminary financial results for 2014 on 9 March this year as planned. 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. As a wholly-owned subsidiary of Hypoport, Europace AG develops and operates the web-based EUROPACE financial marketplace, which is Germany's largest platform for mortgages, building finance products and personal loans. A fully integrated system links 250 partners - banks, insurers and financial product distributors. Several thousand users execute more than 20.000 transactions worth a total of up to 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 retirement planning. 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. Contact: Christian Würdemann Head of Communications, Human Resources & Legal Hypoport AG Klosterstraße 71 D-10179 Berlin Phone: +49 (0) 30 / 4 20 86 - 1920 Fax: +49 (0) 30 / 4 20 86 - 281920 E-Mail: ir@hypoport.de Internet: www.hypoport.de Twitter: http://twitter.com/Hypoport 20.02.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and 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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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