DGAP-News: Hypoport SE / Key word(s): Preliminary Results/Annual Results 
Hypoport SE: strong growth in 2020 and positive outlook for 2021 despite coronavirus 
2021-03-15 / 06:55 
The issuer is solely responsible for the content of this announcement. 
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Preliminary results of the Group for 2020 
Hypoport SE: strong growth in 2020 and positive outlook for 2021 despite coronavirus 
 
- Consolidated revenue rises by 15 per cent to EUR388 million in 2020 
- Credit Platform and Private Clients segments generate revenue growth of 20 per cent and 17 per cent respectively and 
further increase their margins 
- Year of transformation for the growing Real Estate Platform and Insurance Platform segments, with focus on scalable 
platform models 
- Investment for the future remains high, yet EBIT advanced by 10 per cent to EUR36.2 million 
 
Berlin, 15 March 2021: Hypoport again generated strong growth and increased its consolidated revenue by 15 per cent to 
EUR388 million in 2020, despite the effects of coronavirus. All four segments contributed to the Group's robust 
performance. 
 
The Credit Platform segment performed particularly well, increasing its revenue by 20 per cent to EUR170 million. This 
rise in revenue was mainly driven by the growth of mortgage finance business on the Europace B2B lending marketplace 
and, in particular, on the FINMAS and GENOPACE sub-marketplaces for the savings banks and cooperative banks. 
Non-captive financial product distributors and private commercial banks also recorded significant volume growth on the 
platform. Revenue in the white-label personal loans business fell as a result of declining demand and more restrictive 
lending policies by banks as a result of the coronavirus crisis. However, the sales-supporting brokerage pools and REM 
Capital, which specialises in providing corporate finance advice, saw a healthy rise in revenue. The segment's EBIT 
advanced at an even stronger rate than revenue, by 26 per cent, to reach EUR39 million despite continued high levels of 
investment. 
In the Private Clients segment, revenue increased by 17 per cent to EUR122 million. The main B2C brand, Dr. Klein 
Privatkunden, captured significant market share thanks to its highly digitalised processes, in particular the 
systematic use of Europace and the deployment of video technology for advisory meetings. The segment's EBIT grew by an 
exceptional 60 per cent to reach EUR18 million as the previous year's investment in digitalisation started to make an 
impact. 
In the Real Estate Platform segment, revenue increased slightly, by 5 per cent, to EUR53 million. The good operating 
performance of the property sales, property management and property valuation platforms was accompanied by the decision 
to forego traditional project business in favour of scalable platform business models. The property valuation platform, 
which is closely integrated with the credit platform, generated particularly strong growth despite the temporary 
restrictions resulting from social-distancing measures. Supported by slightly heightened interest-rate volatility in 
2020, the property financing platform for the housing industry reported a small increase in revenue. EBIT fell to a 
loss of EUR4 million owing to the high levels of investment and the decision to scale back project business. Relative to 
its revenue, the Real Estate Platform segment represented the biggest area of investment within the Hypoport Group in 
2020. As a result of the progress made with the segment's transition to platform-based business models in 2020, project 
business will be insignificant in future. 
The revenue of the Insurance Platform segment also went up slightly, by 6 per cent, to EUR45 million. By signing up 
additional clients in 2020, the fully integrated SMART INSUR platform managed to increase buy-in among the target group 
of small and medium-sized distribution organisations and brokerage pools, even though the rate at which new clients 
were signed up fell short of expectations owing to coronavirus. The reduction in project business and the focus on 
recurring revenue streams from the platform business resulted in a slower pace of revenue growth. The segment's 
start-up losses continued to decline, amounting to EUR1 million in 2020. 
As a result of the aforementioned revenue growth in the individual segments, the gross profit of the Hypoport Group 
went up by 16 per cent to EUR211 million in 2020. EBITDA advanced by 22 per cent to EUR64 million. EBIT for the entire 
Hypoport Group went up by 10 per cent to EUR36 million despite high levels of investment in the operating business models 
of the individual segments, further investment at the level of the holding company and the scaling back of traditional 
project business. 
Ronald Slabke, Chief Executive Officer of Hypoport SE, was satisfied overall with the Group's performance in a year 
dominated by coronavirus: "Hypoport was much better prepared for the far-reaching changes in 2020 than many other 
companies. Our decentralised structure and high degree of digitalisation enabled us to respond to the coronavirus 
crisis with great agility. With revenue growth of 15 per cent despite the worst global recession for decades, we have 
clearly demonstrated that Hypoport remains a growth company even in times of turmoil. We will remain firmly on this 
course in 2021. Moreover, we will continue to drive forward the two key areas of investment, the Real Estate Platform 
and Insurance Platform segments. This reflects our mission - the digitalisation of the German credit, property and 
insurance industries - and will benefit our B2B partners and consumers alike. In the past years, we have achieved 
double-digit growth in sales and EBIT. Hypoport will continue this dynamic growth for many years. We will also gain 
significant market share in 2021. That is why our forecast is: consolidated sales of EUR430 to 460 million and an EBIT of 
between EUR40 and 45 million in 2021." 
The preliminary financial results still need to be verified by the auditor and adopted by the Supervisory Board. The 
annual report will be published as planned on 29 March 2021. 
 
(EUR million)                      Q1-Q4 2020 Q1-Q4 2019  Q1-Q4 Q4 2020   Q4 Q4 change 
                                                       change         2019 
Revenue                               387.6      337.2    15%   102.9 89.6       15% 
thereof Credit Platform               169.5      141.5    20%    48.5 39.6       22% 
thereof Private Clients               122.2      104.6    17%    28.8 25.0       16% 
thereof Real Estate Platform           52.8       50.1     5%    13.9 16.1      -14% 
thereof Insurance Platform             45.0       42.6     6%    12.1 10.1       19% 
thereof Holding & Reconciliation       -1.9       -1.5      -    -0.6 -1.0         - 
Gross profit                          210.5      181.9    16%    60.8 51.1       19% 
EBITDA                                 63.8       52.2    22%    20.1 13.3       51% 
EBIT                                   36.2       33.0    10%    12.0  8.0       51% 
Net profit for the period              27.9       24.4    14%    10.1  5.5       84% 
Earnings per share                     4.33       3.90    11%    1.52 0.88       72%

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 industries with a workforce of more than 2,000 employees. It is grouped into four segments: Credit Platform, Private Clients, Real Estate Platform and Insurance Platform.

The Credit Platform segment operates Europace, which is an online B2B financial marketplace and the largest German platform offering mortgages, building finance products and personal loans. A fully integrated system links more than 750 partners - banks, insurers and financial product distributors. Several thousand loan brokerage advisors execute approx. 35,000 transactions per month on Europace, generating a volume of more than EUR7 billion. Besides Europace, the FINMAS and GENOPACE sub-marketplaces and the B2B distribution companies Qualitypool and Starpool support the growth of the credit platform. REM CAPITAL AG provides specialist advice on the arrangement of complex public-sector development loans for companies and financing for SMEs in Germany. At fundingport GmbH a corporate finance marketplace is being established.

The Private Clients segment, made up of the web-based, non-captive financial product distributor Dr. Klein Privatkunden and the consumer comparison portal Vergleich.de, brings together all business models aimed at directly advising consumers on mortgages, insurance or pension products.

All real estate-related activities of the Hypoport Group, with the exception of mortgage finance, are grouped together in the Real Estate Platform segment (previously Institutional Clients) with the aim of digitalising the sale, valuation, financing and management of properties.

The Insurance Platform segment operates SMART INSUR, a web-based B2B platform for advice, comparison of tariffs and the administration of insurance policies. The segment also incorporates the insurance unit of Qualitypool, a B2B distribution company.

The shares of Hypoport SE are listed in the Prime Standard segment of the Frankfurt Stock Exchange (Deutsche Börse) and have been included in the SDAX since 2015. Contact Jan H. Pahl Investor Relations Manager

Phone: +49 (0)30 / 42086 - 1942 Mobile: +49 (0)176 / 965 125 19 Email: ir@hypoport.de Hypoport SE Heidestr. 8 10557 Berlin

www.hypoport.com Key data on Hypoport's shares ISIN DE 0005493365 WKN 549336 Stock exchanges symbol HYQ -----------------------------------------------------------------------------------------------------------------------

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