Hypoport SE: steady transaction quantity for mortgage finance in This autumn

Operational key figures for 2022

Hypoport SE: steady transaction quantity for mortgage finance in This autumn

• Quantity of Europace transactions contracts by 7 per cent total; lower for 2022 as an entire, with the file quantity within the first six months adopted by a particularly weak second half of the 12 months attributable to market situations (down by 30 per cent)
• Fourth-quarter transaction quantity for mortgage finance at a traditionally low degree however holds regular month on month
• Cooperative banks stay the strongest consumer group in 2022 with progress of three per cent; lower of 6 per cent for the financial savings banks
• Quantity of non-public loans on Europace rises by 29 per cent
• VALUE AG’s valuation quantity comfortably outperforms the market, advancing by 16 per cent
• FIO’s gross sales quantity declines by 27 per cent in 2022 however exhibits indicators of restoration within the fourth quarter
• Quantity of recent loans brokered on the property financing platform for the housing trade edges up by 2 per cent in 2022
• 10 per cent enhance within the quantity of premiums associated to insurance coverage portfolios migrated to the SMART INSUR platform

Berlin, 16 January 2023: Following file ends in the primary half of 2022, the operational key figures of the Hypoport Group’s mortgage finance enterprise fashions declined sharply within the second half of the 12 months. The explanation for this was very subdued demand for personal and institutional mortgage finance after the summer time. This downward development continued till October. Since then, the efficiency of the working enterprise has stabilised at a traditionally low degree.

Credit score Platform phase: The amount of transactions* processed on Europace amounted to €95 billion in 2022, representing a lower of seven per cent on the earlier 12 months. Mortgage finance, which is by far the most important product group, noticed its transaction quantity contract by 9 per cent to €77 billion. After a robust efficiency within the first six months adopted by a pointy drop in demand after the summer time, the ultimate quarter of the 12 months noticed a quantity of just below €12 billion brokered on Europace. The amount held regular at round €4 billion in every of the three months of the fourth quarter.

The transaction quantity within the second-largest product group, constructing finance, rose by 1 per cent to €13 billion in 2022. This progress fee was outstripped by that of the smallest product group, private loans, the place the quantity jumped by 29 per cent to €5 billion in 2022.

The mixed transaction quantity per working day** for all three product teams got here to €375 million (down by 6 per cent). On FINMAS, the sub-marketplace for establishments within the financial savings banks sector, the quantity of transactions dropped by 6 per cent to €9.9 billion in 2022. Within the cooperative banking sector, establishments used the devoted GENOPACE sub-marketplace to generate a quantity of €12.9 billion, an increase of three per cent.

Personal Shoppers phase: The amount of recent loans brokered by Dr. Klein decreased by 7 per cent to €9.2 billion in 2022 as a result of the sturdy begin to the 12 months was adopted by a pointy discount within the second half of the 12 months that was attributable to the dysfunctional mortgage finance market.

Actual Property Platform phase: The worth of residential properties inspected or appraised by VALUE AG went up by 16 per cent to €35 billion in 2022. The worth of the properties bought via the FIO platform fell by 28 per cent to €12 billion in 2022 as patrons grew to become considerably much less keen to undergo with purchases. Nonetheless, there was an encouraging upturn within the fourth quarter. Dr. Klein WoWi, the property financing platform for the social housing trade, noticed its quantity edge up by 2 per cent to €2.1 billion in 2022 regardless of more and more troublesome situations out there for rental lodging finance.

Insurance coverage Platform phase: There was additional progress with migrating the insurance coverage portfolios from the person options of acquirees to the centralised SMART INSUR platform. The portfolio quantity on SMART INSUR grew by 10 per cent to a complete of €3.8 billion.

Ronald Slabke, Chief Government Officer of Hypoport SE, summarised the difficult 12 months as follows: “Though the primary half of 2022 was extraordinarily profitable, our mortgage finance enterprise fashions skilled an unprecedented decline in patrons’ willingness to buy properties after the summer time.

“This was triggered by a mix of an sudden surge in inflation, hovering rates of interest, fears of a recession, and hopes on the a part of patrons that property costs would come down sharply. This led to a major lower in our enterprise volumes that continued till October however seems to have bottomed out within the fourth quarter. Furthermore, our enterprise fashions are at present outperforming the general market. It’s because property patrons at the moment are even keener to safe one of the best phrases by acquiring impartial recommendation overlaying a number of merchandise.”

Ronald Slabke is cautiously optimistic about 2023: “It’s after all too quickly to conclude that the soundness of the fourth quarter heralds the beginning of an imminent restoration. We’re subsequently adhering to a state of affairs during which we consider that the marketplace for mortgage finance will return to regular ranges 4 to eight quarters on from summer time 2022, which is when patrons first began demonstrating a reluctance to make purchases. Within the second half of 2022, we started taking steps to counteract the weak market situations by adjusting our price ranges to mirror the present market scenario. Based mostly on at present out there info, the deliberate price discount for 2023 is 35 to 40 million euros.

“This 12 months may also provide us important alternatives to realize additional market share. The distinctive scenario within the mortgage finance market highlights the power of our platform choices for the whole credit score trade. If the dimensions of the market halves, then the ‘price’ of our platforms halves for our companions too, whereas conventional IT options change into a millstone across the neck of companions that haven’t but migrated. And the flexibleness with which they’ll configure their enterprise mannequin on the platform makes our companions extra profitable in these uncommon occasions. We at the moment are proving that we symbolize the optimum answer for the whole credit score trade!”

* All figures on the quantity of economic merchandise processed (mortgage finance, constructing finance (‘Bausparen’) and private loans) are acknowledged earlier than cancellations and, consequently, can’t be in contrast immediately with the income figures proven, which exclude subsequent cancellations. Neither the income nor the earnings generated by Hypoport will be immediately extrapolated from the transaction figures given above.

** Gross sales days are outlined because the variety of financial institution working days much less half of the variety of ‘bridging days’ (days falling between public holidays and weekends).

About Hypoport SE

Hypoport SE is headquartered in Lübeck (Germany) and is the mother or father firm of the Hypoport Group. The Group is a community of know-how corporations for the credit score, real-estate and insurance coverage industries with a workforce of approx. 2,500 workers. It’s grouped into 4 segments: Credit score Platform, Personal Shoppers, Actual Property Platform and Insurance coverage Platform.

The Credit score Platform phase operates Europace which is a web-based B2B monetary market and the most important German platform providing mortgages, constructing finance merchandise and private loans. A totally built-in system hyperlinks approx. 800 companions – banks, insurers and monetary product distributors. A number of thousand mortgage brokerage advisors execute greater than 35,000 transactions per thirty days on Europace, producing a quantity of practically €8 billion. Apart from Europace, the FINMAS and GENOPACE sub-marketplaces and the B2B distribution corporations Qualitypool and Starpool assist the expansion of the credit score platform. REM CAPITAL AG offers specialist recommendation on the association of advanced public-sector improvement loans for corporations and financing for SMEs in Germany. At fundingport GmbH a company finance market is being established.

The Personal Shoppers phase, made up of the web-based, non-captive monetary product distributor Dr. Klein Privatkunden and the buyer comparability portal Vergleich.de, brings collectively all enterprise fashions aimed toward immediately advising customers on mortgages, insurance coverage or pension merchandise.

All property-related actions of the Hypoport Group, except for mortgage brokerage for personal purchasers, are grouped collectively within the Actual Property Platform phase with the intention of digitalising the sale, valuation, financing and administration of properties and, in the long run, making a digital platform for housing.

There are three enterprise items within the Insurance coverage Platform phase: non-public insurance coverage (SMART INSUR), industrial insurance coverage and occupational pension provision (ePension). The insurance coverage enterprise of the B2B distributor Qualitypool can be assigned to this phase.

The shares of Hypoport SE are listed within the Prime Customary phase of the Frankfurt Inventory Change (Deutsche Börse) and have been included within the SDAX or MDAX since 2015.

Contact

Jan H. Pahl

Head of Investor Relations // IRO

Telephone: +49 (0)30 / 42086 – 1942

Cell: +49 (0)176 / 965 125 19

Electronic mail: ir@hypoport.de

Hypoport SE

Heidestr. 8

10557 Berlin

www.hypoport.com

Monetary calendar:

13 March 2023: Preliminary monetary outcomes for 2022

27 March 2023: Annual report 2022

08 Could 2023: Quarterly Assertion Q1 2023

14 August 2023: Report for the primary half of 2023

13 November 2023: Quarterly Assertion Q3 2023

Key information on Hypoport’s shares

ISIN DE 0005493365

WKN 549336

Inventory exchanges image HYQ