DGAP-News: Hypoport SE / Key word(s): Market Report
Operational key figures for H1 2021
- Transaction volume on Europace up by 25 per cent compared with first half of 2020
- Cooperative banks remain the fastest-growing user group with a rise of more than 80 per cent; increase of over 35 per cent for the savings banks
- VALUE AG's valuation volume and FIO's sales volume advance by more than 30 per cent and 40 per cent respectively
- Further progress made with migration of portfolios to SMART INSUR
Credit Platform segment: In the first half of 2021, Europace significantly increased its transaction volume*. The total volume swelled by 25 per cent to €52 billion, while the transaction volume per sales day** advanced by 26 per cent to over €420 million. Mortgage finance, which is by far the largest product group, saw its transaction volume grow by 28 per cent to €43 billion. In the second-largest product group, building finance, the transaction volume rose by 8 per cent to around €7 billion even though the market as a whole shrank slightly. The volume in the smallest product group, personal loans, increased by 12 per cent to €2 billion despite the very sharp contraction of the market as a whole.
FINMAS, the sub-marketplace for institutions in the savings banks sector, increased its volume of transactions* by 37 per cent to more than €5.3 billion in the first six months of 2021. In the cooperative banking sector, institutions used the dedicated GENOPACE sub-marketplace to generate a volume of €6.3 billion, an impressive jump of 83 per cent. Alongside these groups of banks, the volume generated by non-captive financial product distributors and, in particular, private commercial banks also expanded at a much faster rate than the market, with increases of over 15 per cent and around 25 per cent respectively.
Private Clients segment: The volume* brokered by Dr. Klein amounted to more than €5.1 billion in the first half of 2021, which was up by 12 per cent on the already high figure reported in the prior-year period.
Ronald Slabke, Chief Executive Officer of Hypoport SE, expressed his satisfaction with the Group's operating performance in the first half of the year: "Whereas the respective markets as a whole expanded only slightly, or even contracted slightly, we were able to significantly increase the volumes on our B2B platforms. This positive trend, which is set to continue for many years to come, is benefiting our partners and Hypoport alike."
* All figures on the volume of financial products processed (mortgage finance, building finance ('Bausparen') and personal loans) are stated before cancellations and, consequently, cannot be compared directly with the revenue figures shown, which exclude subsequent cancellations. Neither the revenue nor the earnings generated by Hypoport can be directly extrapolated from the transaction figures given above.
** Sales days are defined as the number of bank working days less half of the number of 'bridging days' (days falling between public holidays and weekends).
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 €8 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.
Phone: +49 (0)30 / 42086 - 1942
19.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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