- 01.03.2011, 08:46:38
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- OTS0022 OTW0022
EANS-Adhoc: Hypoport AG's 2010 figures outstrip analysts' forecasts
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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01.03.2011
Berlin, 1 March 2011: The revenue and earnings figures reported by Hypoport AG
for the 2010 financial year are likely to be the best results that the Company
has ever presented. This means that it will not only hit its own forecasts but
also exceed the challenging targets set by analysts.
Hypoport, a Berlin-based financial service provider, is set to report
year-on-year revenue growth of more than 30 per cent for 2010, having generated
revenue of EUR50.5 million in 2009. Its earnings performance was particularly
impressive. The earnings before interest, tax, depreciation and amortisation
(EBITDA) reported for last year is likely to be in the double-digit millions for
the first time ever. Meanwhile, earnings before interest and tax (EBIT) is set
to jump to over EUR6 million. "Assuming that things turn out as we expect, these
revenue and earnings figures will make 2010 the best year in Hypoport's
history", stressed Ronald Slabke, the Company's CEO. Building on what had
already been a strong performance in the second and third quarters, he added,
the exceptionally good final quarter of 2010 had made this a record-breaking
year.
Hypoport's preliminary results will be published on 7 March.
Further inquiry note:
Ines Cumbrowski
Manager Group Legal
Telefon: +49(0)30 42086-1005
E-Mail: ines.cumbrowski@hypoport.de
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: ir@hypoport.de
WWW: http://www.hypoport.de
sector: Financial & Business Services
ISIN: DE0005493365
indexes: CDAX, Prime All Sharestockmarkets: regulated dealing/prime standard: Frankfurt
language: English
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