Hypoport Posts Profitable Growth in H1 2024

Berlin, 12 August 2024: Hypoport Group has reported a 22% year-on-year revenue increase in the first half of 2024, amounting to €218 million. The company's return to profitability, with EBIT reaching nearly €8 million, contrasts sharply with losses in 2023. This growth is principally driven by the thriving mortgage finance business models in its Real Estate & Mortgage Platforms segment.

The Real Estate & Mortgage Platforms segment saw a 32% rise in revenue to €150 million. Significant growth in transaction volumes on Europace, Finmas, and Genopace platforms, and robust sales volumes from Dr. Klein, catalyzed this boost. Stability in property prices and shorter sales lead times further supported this uplift.

The Financing Platforms segment’s revenue climbed by 4% to €36 million, bolstered by market share gains in the housing industry subsegment. However, commercial banks' restrictive lending policies led to flat revenue in personal loans, and delays in German government spending impacted corporate finance revenue adversely.

The Insurance Platforms segment posted a modest 5% revenue increase to €33 million. Progress in migrating insurance portfolios to B2B platforms underpinned this growth amid stable market conditions.

CEO Ronald Slabke highlighted the recovery in mortgage finance and the company's streamlined cost structure as key factors behind the revenue and earnings increase. Hypoport maintains its 2024 forecast with expected revenue over €400 million and EBIT between €10 million and €20 million.