on Hypoport AG (isin : DE0005493365)
Hypoport SE Reports Strong Growth in Q3 2024
Berlin-based Hypoport SE announced significant financial gains in the third quarter of 2024. The company experienced a 29% rise in revenue, reaching €114 million, compared to €88 million in the same period last year. Gross profit increased by 12% to €57 million from €51 million in Q3 2023. Most notably, EBIT improved to approximately €3.6 million, a stark contrast to the €1.1 million loss recorded in the previous year.
Year-to-date figures also reflect positive momentum, with revenue up by 24% to €332 million and gross profit rising by 11% to €170 million. EBIT for the first three quarters stands at approximately €11.5 million, reversing a €2.9 million deficit from the previous year. The surge is primarily attributed to robust performance in private mortgage finance within the Real Estate & Mortgage Platforms segment.
Conversely, results from corporate finance and loan brokerage for the housing industry underperformed expectations. Final Q1-Q3 results will be published on November 11, 2024.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Hypoport AG news