EANS-Adhoc: Hypoport AG's 2010 figures outstrip analysts' forecasts
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Company Information
01.03.2011
Berlin, 1 March 2011: The revenue and earnings figures reported by Hypoport AG for the 2010 financial year are likely to be the best results that the Company has ever presented. This means that it will not only hit its own forecasts but also exceed the challenging targets set by analysts.
Hypoport, a Berlin-based financial service provider, is set to report year-on-year revenue growth of more than 30 per cent for 2010, having generated revenue of EUR50.5 million in 2009. Its earnings performance was particularly impressive. The earnings before interest, tax, depreciation and amortisation (EBITDA) reported for last year is likely to be in the double-digit millions for the first time ever. Meanwhile, earnings before interest and tax (EBIT) is set to jump to over EUR6 million. "Assuming that things turn out as we expect, these revenue and earnings figures will make 2010 the best year in Hypoport's history", stressed Ronald Slabke, the Company's CEO. Building on what had already been a strong performance in the second and third quarters, he added, the exceptionally good final quarter of 2010 had made this a record-breaking year.
Hypoport's preliminary results will be published on 7 March.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Ines Cumbrowski
Manager Group Legal
Telefon: +49(0)30 42086-1005
E-Mail: ines.cumbrowski@hypoport.de
Branche: Financial & Business Services
ISIN: DE0005493365
WKN: 549336
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Original content of: Hypoport AG, transmitted by news aktuell