on Hypoport AG (isin : DE0005493365)
Hypoport Reports Growth Amid Challenging Market Conditions in 2024
Hypoport SE announced a 14% increase in revenue to €561 million in 2024, driven by recovery in its mortgage finance business despite mixed market conditions. The Real Estate & Mortgage Platforms segment experienced a 17% rise in revenue, largely bolstered by increased transaction volumes across its platforms. This was attributed to declining mortgage rates and stabilizing property prices.
The Financing Platforms segment, however, faced a 6% revenue decline due to reduced demand in the corporate finance subsegment. Conversely, the Insurance Platforms segment saw a modest 2% increase in revenue as insurance portfolios migrated to B2B platforms.
CEO Ronald Slabke noted the recovery in mortgage finance demand and market share gains. Looking towards 2025, Hypoport anticipates continued growth, forecasting revenue of at least €640 million and EBIT between €30 million and €36 million.
R. H.
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