DGAP-News: Hypoport SE / Key word(s): Quarter Results 
Hypoport SE: sustained growth and robust results in the first quarter of 2021 
2021-05-10 / 06:56 
The issuer is solely responsible for the content of this announcement. 
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Results for Q1 2021 
Hypoport SE: sustained growth and robust results in the first quarter of 2021 
 
  . Hypoport continues to generate steady growth despite the resurgent coronavirus pandemic (third wave) 
  . Consolidated revenue amounts to EUR108 million in Q1 2021, up by 7 per cent compared with the very strong prior-year 
    period 
  . The Group's EBIT jumps by 15 per cent to EUR12.1 million 
 
Berlin, 10 May 2021: The Hypoport Group continued to generate steady growth in the first quarter of 2021. All four 
segments contributed to the Group's robust performance. 
The Credit Platform segment recorded the sharpest increase in revenue among the segments, posting a rise of 12 per cent 
to EUR46 million. This 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. Revenue from the mortgage finance business models within the Credit Platform segment went up by 16 per cent in 
total. In the first quarter of 2021, corporate finance revenue decreased year on year owing to a change in the 
structure of support grants and loans that resulted in a shift in approvals for such support to the second half of 
2021. The adverse market conditions created by the pandemic led to a decrease in revenue from the white-label personal 
loans business. The Credit Platform segment's total revenue rose by 12 per cent to EUR46 million. The segment's EBIT 
advanced by 23 per cent to EUR9.9 million despite continued high levels of investment. 
Revenue in the Private Clients segment amounted to EUR35 million, up by 6 per cent compared with the very strong 
prior-year period. The B2C brand Dr. Klein Privatkunden increased its sales volume by 14 per cent and captured 
significant market share through its systematic use of Europace and deployment of video technology for its advisory 
meetings. The segment's EBIT increased at a much stronger rate, climbing by 23 per cent to EUR6.2 million owing to an 
improved product mix and a pandemic-related reduction in operating costs. 
In the Real Estate Platform segment, revenue went up slightly, by 1 per cent, to EUR15 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. Excluding this project business 
from the figure for the prior-year period, the segment's adjusted revenue increased by almost 10 per cent. The property 
valuation platform, which is closely integrated with Europace, generated buoyant growth. Supported by a slight uptick 
in clients' inclination to do business as a result of heightened interest-rate volatility, the property financing 
platform for the housing industry also reported a small increase in revenue. EBIT fell to EUR0.2 million owing to the 
high levels of investment and the decision to scale back project business. 
The revenue of the Insurance Platform segment also went up slightly, by 3 per cent, to EUR13 million. The segment is 
systematically migrating the insurance portfolios from the legacy systems of its acquired software solutions to the 
fully integrated SMART INSUR platform. A volume of EUR2.84 billion in annual net premiums had already been migrated as at 
the end of the quarter, equating to a migration rate of over 30 per cent. EBIT deteriorated slightly from EUR0.4 million 
to a loss of EUR0.4 million. 
The Group's gross profit rose by 6 per cent to EUR56 million in the first quarter of 2021. EBITDA and EBIT both went up 
by 15 per cent, to EUR19 million and EUR12 million respectively, despite high levels of investment in the operating 
business models of Hypoport's 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 the first 
three months of 2021: "In an economic environment in which gross domestic product has fallen by around 3 per cent, we 
have delivered a 7 per cent increase in revenue and once again demonstrated that our platform-based business models can 
grow even in challenging market conditions. The digitalisation of the credit, insurance and housing sectors thus 
remains an unstoppable trend in 2021." 
 
(EUR million)                                       Q1 2021    Q1 Q1 change 
                                                           2020 
Revenue                                             107.9 100.6        7% 
thereof Credit Platform                              45.6  40.6       12% 
thereof Private Clients                              35.1  33.2        6% 
thereof Real Estate Platform                         14.7  14.5        1% 
thereof Insurance Platform                           12.9  12.5        3% 
thereof Holding & Reconciliation                     -0.4  -0.2      -92% 
Gross profit                                         55.6  52.5        6% 
EBITDA                                               19.2  16.7       15% 
EBIT                                                 12.1  10.5       15% 
Net profit for the period                             9.4   8.0       17% 
Earnings per share (in EUR) (non-diluted / diluted)    1.51  1.27       19%

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 2,200 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 more than 35,000 transactions per month on Europace, generating a volume of more than EUR8 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 as well as ePension, a digital platform for the administration of occupational pension schemes.

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 / IRO

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 -----------------------------------------------------------------------------------------------------------------------

2021-05-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de ----------------------------------------------------------------------------------------------------------------------- 


Language:     English 
Company:      Hypoport SE 
              Heidestraße 8 
              10557 Berlin 
              Germany 
Phone:        +4930420861942 
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, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1194236 
 
End of News   DGAP News Service 
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1194236 2021-05-10


 
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May 10, 2021 00:56 ET (04:56 GMT)