EANS-News: Hypoport Group: "And the Oscar goes to the year 2010!"
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Financial Figures/Balance Sheet
Berlin (euro adhoc) - 7 March 2011: The Hypoport Group achieved improvements in all its key financial indicators in 2010. Its revenue of more than EUR66 million and EBITDA of EUR11.1 million are the reward for the strategy that it has consistently pursued. Hypoport's 2010 financial year therefore wins an Oscar and gives the Company cause to celebrate!
2010 deserves to win an Oscar as the best year in Hypoport's history. The fourth quarter of last year saw the Company building on the success it had achieved in previous quarters, closing the year with record results. Revenue rose by 32.5 per cent from EUR50.5 million in 2009 to EUR66.9 million in 2010. Earnings before interest, tax, depreciation and amortisation (EBITDA) surged by 127.4 per cent year on year from EUR4.9 million in 2009 to EUR11.1 million in the reporting year. The Private Clients business unit (which sells financial products to end customers over the internet and at 178 branches), the Corporate Real Estate Clients business unit (which offers advice and customised financial services to corporate clients) and the Financial Service Providers business unit (which provides market participants with access to an online financial marketplace) all contributed equally to this encouraging EBITDA result.
Ronald Slabke, the Chief Executive Officer of Hypoport AG, pinpointed the main reason for these impressive figures: "Despite the recent market turbulence we have stuck with our strategy of investing consistently in the development of our platforms and workforce, and this approach is now paying off. Our earnings before interest and tax (EBIT) more than quadrupled year on year to EUR6.4 million. Despite the tough market conditions prevailing in 2010 we again demonstrated the strength of our organisation." In the current year Slabke sees further challenges ahead and a market still fraught with considerable uncertainty. Nonetheless, he expects the Company to generate double-digit revenue growth and earnings in line with last year's record figure.
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Further inquiry note:
Michaela Reimann
Group Communications Manager
Telefon: +49 (0) 30 42086 1936
E-Mail: michaela.reimann@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