Hypoport SE / DE0005493365
18.04.2024 - 07:15:03Hypoport SE: business volume rises sharply in Q1 thanks to market share gains and market growth
Hypoport SE / Key word(s): Market Report 18.04.2024 / 07:15 CET/CEST The issuer is solely responsible for the content of this announcement. Operational key figures for Q1 2024 Q1 2024 sees the first double-digit year-on-year increase in the Europace transaction volume since the slump in the mortgage finance market Volume from cooperative banks and savings banks jumps by 42 per cent and 50 per cent respectively compared with Q1 2023 Property financing platform for the housing industry and property management platform achieve strong growth of 13 per cent and 50 per cent respectively Further rise in the volume of premiums related to insurance portfolios migrated to the SMART INSUR platform Difficult market conditions affect VALUE AG’s valuation volume and REM’s financing for SMEs Berlin, 18 April 2024: In the first quarter of 2024, the majority of Hypoport Group’s business models returned to double-digit percentage increases in their operational key figures compared with the prior-year period. The Hypoport Group’s growth was primarily driven by the business models for mortgage finance and for the German housing industry. Real Estate & Mortgage Platforms segment: The volume of mortgage finance transactions* processed on Europace rose to €15.1 billion in the first three months of this year, an increase of 17 per cent compared with the same period of 2023. Business from the savings banks and cooperative banks saw particularly strong growth, with the volume of mortgage finance on the Finmas and Genopace sub-marketplaces swelling by 50 per cent to €2.3 billion and by 42 per cent to €3.6 billion respectively. The volume of new mortgage finance brokered by Dr. Klein stood at €1.7 billion in the first quarter of 2024, which was up by 20 per cent compared with the first quarter of 2023. The value of residential properties inspected or appraised by VALUE AG amounted to just €7.9 billion in the first quarter of 2024. This year-on-year fall of 3 per cent was due to regulatory changes and the delayed recovery of the valuation market. Financing Platforms segment: The volume of new loans brokered on the property financing platform for the housing industry came to around €0.3 billion in the first three months of 2024, rising by 13 per cent compared with the prior-year period. The portfolio of contracts on the property management platform for the housing industry encompassed more than 310,000 homes as at 31 March 2024, a year-on-year increase of 51 per cent. The volume of new projects acquired in the SME financing business declined by 13 per cent to €0.3 billion in the first quarter of the year amid the challenging market conditions created by constant shifts in the funding support schemes. By contrast, the volume of personal loan transactions on Europace held up well, with a rise of 17 per cent to €1.6 billion. Insurance Platforms segment: There was further progress with migrating the insurance portfolios from individual solutions to the centralised SMART INSUR platform. The portfolio volume on SMART INSUR grew by 12 per cent compared with the first quarter of 2023 to reach a total of €4.3 billion in the first quarter of this year. Ronald Slabke, Chief Executive Officer of Hypoport SE, commented on the Hypoport Group’s operating performance as follows: “The trend reversal seen in the mortgage finance market last year, along with the gains in market share that we have made, are once again having a positive impact on our operational key figures in the Real Estate & Mortgage segment. We predicted that the market would recover markedly over the course of 2024, and this is backed up by the successful first quarter. Given the challenges that prevail in some areas of the market, we also view the performance of the business models in the Financing Platforms and Insurance Platforms segments as positive in the first three months of this year. Before the slump in the mortgage finance market, Hypoport had consistently notched up double-digit percentage growth rates. Following a phase of qualitative growth, we are now gradually returning to this level of performance in quantitative terms too.”
Head of Investor Relations // IRO Tel: +49 (0)30 42086 1942 Mobile: +49 (0)176 9651 2519 Email: ir@hypoport.de Hypoport SE Heidestrasse 8 10557 Berlin, Germany www.hypoport.com 2024 financial calendar: 6 May 2024: Interim management statement for the first quarter of 2024 12 August 2024: Report for the first half of 2024 11 November 2024: Interim management statement for the third quarter of 2024 18.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
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: | 1883125 |
End of News | EQS News Service |
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