Corporate | 9 April 2015 08:36

Hypoport AG: New record for EUROPACE – transaction volume tops the EUR10 billion mark for the first time

Hypoport AG / Key word(s): Quarter Results

2015-04-09 / 08:36

Press release

Volume of EUROPACE transactions in the first quarter of 2015

New record for EUROPACE: transaction volume tops the EUR10 billion mark for the first time

Berlin, 09 April 2015: The volume of transactions processed on the EUROPACE marketplace for financial products grew to EUR11.1 billion in the first quarter of 2015. This represented an increase of more than 31 per cent compared with the corresponding period of last year. EUROPACE therefore beat its previous record – set in the third quarter of 2014 – and topped the EUR10 billion mark for the first time.

“I am delighted that we have achieved this new quarterly record. The volume of new loans brokered via our platform in March of this year averaged more than EUR200 million per working day”, commented Thilo Wiegand, the Chief Executive Officer of Europace AG. “This success can, above all, be attributed to the performance of our currently more than 300 platform partners; however, it is also driven by the large number of working days in the first quarter of this year and by the early onset of construction activity owing to the mild weather.”

The product segments in detail

The mortgage-finance product segment once again contributed the largest share of the total transaction volume, generating EUR8.9 billion (up 37 per cent). The value of transactions processed in the Bausparen segment grew by almost 15 per cent to EUR1.9 billion, while the volume of personal-loan transactions advanced by more than 9 per cent to EUR434 million. Following a weaker fourth-quarter figure as a result of seasonal factors, EUROPACE saw the Company’s best ever result. EUROPACE’s previous record had been the transaction volume of EUR9.6 billion achieved in the third quarter of 2014.

Note: Neither the revenue nor the earnings generated by Europace AG can be directly extrapolated from the transaction figures given above.

About EUROPACE
EUROPACE is an online financial marketplace that is run by Europace AG and its sister companies. It is the largest German transaction platform offering mortgages, building finance products and personal loans. A fully integrated system links roughly 300 partners – banks, insurers and financial product distributors. Several thousand users execute some 30,000 transactions per month on this platform, generating an annual volume in excess of EUR35 billion. EUROPACE has been certified as meeting the requirements of the TÜV data protection assessment. Europace AG is a wholly owned subsidiary of Hypoport AG, which is listed in the Prime Standard of the Frankfurt Stock Exchange.

Contact:
Christian Würdemann
Head of Communications, Human Resources & Legal

Hypoport AG
Klosterstraße 71
D-10179 Berlin

Phone: +49 (0) 30 / 4 20 86 – 1920
Fax: +49 (0) 30 / 4 20 86 – 281920
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport

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Language:	English
Company:	Hypoport AG
	Klosterstraße 71
	10179 Berlin
	Germany
Phone:	+49/30 42086-0
Fax:	+49/30 42086-1999
E-mail:	ir@hypoport.de
Internet:	www.hypoport.de
ISIN:	DE0005493365
WKN:	549336
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart

End of News DGAP News-Service

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