Hypoport SE: Stable revenue and market-related decline in EBIT in 2022 // Publication of 2023 forecast

EQS Group

9 March 2023, 1:31 pm·3-min read

Hypoport SE / Key word(s): Preliminary Results/Forecast
Hypoport SE: Stable revenue and market-related decline in EBIT in 2022 // Publication of 2023 forecast

09-March-2023 / 19:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Inside information pursuant to article 17 of the Market Abuse Regulation (MAR)

Hypoport SE: Stable revenue and market-related decline in EBIT in 2022 // Publication of 2023 forecast

Berlin, 9 March 2023: At today's Management Board meeting, Hypoport’s preliminary business figures for the 2022 financial year and the fourth quarter of 2022 were evaluated. On this basis, the Hypoport Management Board expects the following results for the 2022 financial year and is issuing its forecast for the current financial year:

Revenue Q4 2022: approx. -27% to approx. € 88 mn (Q4 2021: €121.0 mn)
EBIT Q4 2022: approx. -€6 mn (Q4 2021: €14.2 mn)

Revenue FY 2022: approx. +2% to approx. €455 mn (FY 2021: €446.4 mn)
EBIT FY 2022: approx. -48% to approx. €24 mn (FY 2021: €47.7 mn)

The main reason for the significant decline in revenue and EBIT in the second half of the year was a significant slump in the private mortgage market from summer 2022.

The result for the fourth quarter includes net one-off effects of approximately -4 million euros, mainly for the cost reduction program implemented in the fourth quarter.

Assuming that the mortgage finance market partially normalises over the course of the year, Hypoport's Management Board expects revenue to decline by up to 10 per cent and EBIT to fall by up to 30 per cent at Group level in 2023.

Hypoport expects to return to double-digit percentage growth in revenue and EBIT in the period following the current dysfunctionality of the mortgage market.

The financial figures submitted to the Management Board still need to be certified by the auditor and approved by the Supervisory Board. Hypoport will publish its detailed preliminary results for the 2022 financial year as planned on Monday 13 March 2023 and its annual report on 27 March 2023.

Contact

Jan H. Pahl

Head of Investor Relations // IRO

Phone: +49 (0)30 / 42086 - 1942

Mobile: +49 (0)176 / 965 125 19

Email: ir@hypoport.de

Hypoport SE

Heidestr. 8

10557 Berlin

Germany

Key data on Hypoport's shares

Hypoport SE

Regulated Market in Frankfurt (Prime Standard)

ISIN DE0005493365 / WKN 549336 / Stock exchanges symbol HYQ

09-March-2023 CET/CEST 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:	1579187


End of Announcement	EQS News Service

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