DGAP-News: Hypoport AG / Key word(s): Market Report Press release Volume of transactions in FY 2017
Hypoport: EUROPACE financial marketplace increases its transaction volume to more than EUR48 billion for 2017 as a whole - Lack of stimulus from interest rates and shortage of properties for sale cause the overall market for mortgage finance to contract slightly in 2017 - Independent financial product distributors and the sub-marketplaces for savings banks and cooperative banks continue to generate disproportionately strong growth - Transaction volume per sales day at a record EUR198 million in Q4 2017
Berlin, 18 January 2018: In 2017, the volume of transactions* generated on the EUROPACE B2B financial marketplace increased by 7.9 per cent to EUR48.2 billion (2016: EUR44.7 billion). The transaction volume per sales day** rose by 9.7 per cent to EUR193 million (2016: EUR176 million). Given that the latest data from Deutsche Bundesbank shows that the overall market for mortgage finance in the period January to November 2017 declined by 0.6 per cent to EUR212.6 billion, compared with EUR213.9 billion in the prior-year period, Ronald Slabke, Chief Executive Officer of Hypoport AG, is satisfied on the whole with the performance of EUROPACE, belonging to the Credit Platform business unit: "2017 was characterised by a lack of stimulus from interest rates and a shortage of properties for sale. Nonetheless, the volume of transactions generated on EUROPACE increased again and the platform thus comfortably outperformed the overall mortgage finance market, which saw an unexpected small decline." The volume of transactions on EUROPACE in the fourth quarter of 2017 amounted to EUR11.9 billion, an increase of 3.3 per cent compared with the fourth quarter of 2016. This relatively weak growth was due to the number of sales days in the fourth quarter of 2017, which was lower than in the final quarter of other years. If adjusted for this imbalance, the volume of transactions per sales day in the fourth quarter of 2017 would be a substantial EUR198 million, equating to a year-on-year rise of 8.4 per cent (Q4 2016: EUR183 million; Q3 2017: EUR190 million). At 67 per cent and 17 per cent respectively, both FINMAS (sub-marketplace for savings banks) and GENOPACE (sub-marketplace for cooperative banks) achieved disproportionately strong growth compared with the overall EUROPACE marketplace in 2017. The volume of transactions brokered on FINMAS rose to EUR2.4 billion last year (2016: EUR1.5 billion), while the volume of transactions brokered on GENOPACE grew to EUR1.2 billion (2016: EUR1.0 billion). "The longer-term trend of disproportionately strong increases in the transaction volumes on FINMAS and GENOPACE was reconfirmed in 2017. Moreover, financial product distributors again expanded their market share in Germany during 2017 and made a significant contribution to the growth of EUROPACE. By contrast, private banks saw their transaction volumes decrease slightly. In a contracting market, growth for some groups means that others lose out. Although EUROPACE makes all advisors - regardless of whether they are independent or work in the branch of a bank - more productive and more successful, fundamental business policy decisions can of course be detrimental to the success of individual partners. We again expect the market as a whole to simply hold steady in 2018 as the political environment will be even more uncertain. In a market that is not expanding, the best option for mortgage advisors is to increase their own efficiency. To this end, EUROPACE is the only logical solution for our current and new partners that will help them to maintain or achieve growth," says Ronald Slabke, commenting on the performance of the EUROPACE marketplace in detail. On the product supplier side of the marketplace, the portion attributable to the Savings Banks Finance Group grew by 55 per cent to EUR5.6 billion (2016: EUR3.6 billion). The portion attributable to the cooperative financial network also rose, by 19 per cent, to reach EUR3.3 billion (2016: EUR2.7 billion). This means that the savings banks and cooperative banks also further increased their product supplier share compared with the private banks. * All figures on the volume of financial products processed include cancellations and, consequently, cannot be compared directly with the revenue figures shown, which exclude subsequent cancellations. Neither the revenue nor the earnings generated by Hypoport can be directly extrapolated from the transaction figures given above. ** Sales days are defined as the number of working days without Saturdays, less half of the number of 'bridging days', (i.e. days falling between public holidays and weekends)
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18.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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, Tradegate Exchange |
End of News | DGAP News Service |
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