BERLIN/LÜBECK (dpa-AFX) - The financial services provider Hypoport has returned to profit in the third quarter. According to a statement issued on Monday, a surplus of 1.8 million euros was attributable to shareholders in the three months to the end of September. The company had already presented preliminary figures for the past quarter around two weeks ago. According to these figures, it is already within the target range set for 2024 in terms of operating profit.

After three out of four quarters, Hypoport is already within the earnings corridor of the 2024 annual forecast of an operating profit of 10 to 20 million euros, said Group CEO Ronald Slabke in Berlin. In the third quarter of the year, earnings before interest and taxes (EBIT) amounted to 3.6 million euros; after nine months, operating profit totaled 11.5 million euros. Last year, Hypoport posted a loss both in its day-to-day business and at the bottom line.

In recent years, the Lübeck-based company has felt the impact of falling prices on the real estate market in conjunction with higher interest rates and higher inflation. The market environment remains weak, Slabke continued on Tuesday. However, he sees the first positive effects of the market recovery./lew/mis