Corporate | 19 January 2016 08:12
Hypoport AG: EUROPACE achieves 25 per cent growth in 2015
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DGAP-News: Hypoport AG / Key word(s): Final Results
Press release Volume of transactions in 2015 EUROPACE achieves 25 per cent growth in 2015 Berlin, 19 January 2016: The volume of transactions processed in 2015 on EUROPACE – the leading German marketplace for financial products – grew by 25 per cent year on year to EUR45.2 billion, setting a new record. Mortgage finance, which accounted for transactions totalling EUR35.6 billion, was not only the most important product segment once again in absolute terms, it also achieved the strongest growth rate of 28 per cent. However, Bausparen and personal loans also saw double-digit year-on-year growth. There was also a further sharp rise in the number of partners actively using EUROPACE, which was up by around 20 per cent to almost 350. “The rise in interest rates in the early summer provided a significant boost to what had been a fairly lethargic market, and all market participants benefited from it,” commented Thilo Wiegand, Chief Executive Officer of Europace AG. “Because the appeal of our flexible marketplace solution also won over a large number of new partners, we beat our existing record once more, significantly outperforming the record results of 2014. At the same time, the marketplace effect is only just coming properly into play. There are still plenty more potential partners, and demand for residential property remains high.” The fourth quarter of the year traditionally tends to be weak for the sector. Whereas the transaction volume was more than EUR11 billion in each of the first three quarters of 2015, the figure for the fourth quarter was slightly lower at EUR10.9 billion. “However, we should not forget that 2015 was the first year ever in which quarterly transaction volumes exceeded the EUR10 billion threshold,” said Wiegand, putting the difference into perspective. The product segments in detail The total volume of transactions generated across all product segments grew by almost 25 per cent year on year to EUR45.2 billion (2014: EUR36.2 billion). The transaction volume attributable to the mortgage finance product segment was EUR35.6 billion, an increase of EUR7.8 billion or 28 per cent on the previous year, which meant that this product segment accounted for almost 79 per cent of the total volume. The other product segments also achieved double-digit growth. Building finance helped boost the marketplace’s growth by generating transactions worth EUR7.8 billion in 2015, which was a 13 per cent rise on the total of EUR6.9 billion the previous year. The personal loans product segment grew by 20 per cent year on year, from EUR1.6 billion in 2014 to EUR1.9 billion in 2015.
About EUROPACE
Contact: Christian Würdemann Investor Relations 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
2016-01-19 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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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 | |
| Indices: | SDAX | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart | |
| End of News | DGAP News Service |