Ad-hoc | 19 June 2018 10:49

Hypoport AG: Hypoport Group acquires all shares in ASC Assekuranz-Service Center GmbH and adjusts its profit forecast

Hypoport AG / Key word(s): Takeover/Change in Forecast
Hypoport AG: Hypoport Group acquires all shares in ASC Assekuranz-Service Center GmbH and adjusts its profit forecast

19-Jun-2018 / 10:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Inside information pursuant to article 17 MAR

Hypoport Group acquires all shares in ASC Assekuranz-Service Center GmbH and adjusts its profit forecast

Berlin, 19 June 2018: Today, Qualitypool GmbH – a wholly-owned subsidiary of Hypoport AG – acquired all shares in ASC Assekuranz-Service Center GmbH (‘ASC’). ASC is a pooler for insurance brokers, underwriting agent and outsourcing service provider for insurance companies and reported revenues of around EUR17.5 million in 2017. The purchase price for all of ASC’s shares amounts to EUR20 million. In addition, a debtor warrant of up to EUR10 million in total was agreed with existing shareholders of ASC. It is dependent on ASC’s earnings performance in the period from 2018 to 2022.

In view of the anticipated contribution to revenue and earnings as a result of the acquisition of ASC, the Management Board of Hypoport AG now anticipates revenue of EUR240-260 million and earnings before interest and tax (EBIT) of EUR29-34 million for the Hypoport Group in 2018.

Hypoport will shortly be publishing a press release containing further details on the acquisition.

Important note
This announcement represents neither an offer to buy nor a request to submit an offer to sell shares in Hypoport AG.
This announcement may contain statements about Hypoport AG that constitute or may constitute forward-looking statements . Forward-looking statements inherently contain risks and uncertainties because they relate to events or depend on circumstances that may or may not materialise in the future. Hypoport AG would like to point out that forward-looking statements are not a guarantee that such future events will materialise or that future results will be achieved. In particular, actual results, net assets, liquidity and the performance of the sector in which Hypoport AG operates may deviate significantly from those presented or suggested by the forward-looking statements contained in this announcement.

Contact:
Jan H. Pahl
Investor Relations Manager

Hypoport AG
Klosterstraße 71
10179 Berlin
Germany

Phone: +49 (0) 30 / 4 20 86 – 1942
E-Mail: ir@hypoport.de
Internet: www.hypoport.de
Twitter: http://twitter.com/Hypoport

19-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of Announcement DGAP News Service