EANS-News: Hypoport AG wins market share and generates consistent revenue

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Berlin, (euro adhoc) - 12 March 2010: The Hypoport Group expanded its market
share across all business units in 2009, generating stable revenue in a
financial services sector gripped by turmoil. Given the prevailing market
conditions and the planned level of capital expenditure on the EUROPACE
transaction platform, the Company's earnings before interest, tax, depreciation
and amortisation (EBITDA) fell year on year in line with forecasts.

The Hypoport Group continued to pursue its business model in 2009, thereby
winning further market share. Its revenue in what was a crisis-ridden 2009 came
to EUR50 million, which was only marginally below the record figure reported for
the previous year (revenue in 2008: EUR53 million). However, EBITDA fell
significantly year on year to EUR5 million (EBITDA 2008: 8 Mio. EUR). Prior to
the financial crisis, when the Hypoport Group had been posting consistently
strong growth, it had launched large-scale strategic projects. As expected,
these incurred a considerable expense and caused EBITDA to come correspondingly
lower in 2009. High-profile success stories were the growing popularity of
Genopace among Germany's cooperative financial institutions and the launch of
Finmas as a financial marketplace for German savings banks. Commenting on the
financial services industry as a whole, Ronald Slabke, the co-CEO of Hypoport
AG, noted: "This was a really tough year for all market participants, and none
of us can be truly pleased with the results we've achieved in absolute terms.
Although we expect conditions to remain challenging in 2010, we should be able
to reap the rewards of our current efforts in subsequent years".

Further inquiry note:
Michaela Reimann
Group Communications Manager
Telefon: +49(0)30 42086-1936
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: Hypoport AG
Klosterstraße 71
D-10179 Berlin
phone: +49(0)30 42086-0
FAX: +49(0)30 42086-1999
mail: [email protected]
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English

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