Hypoport SE Reports Market-Related Decline in 2023 Revenue and EBIT; Provides 2024 Forecast

Hypoport SE has announced its preliminary business figures for 2023, witnessing a considerable decline in both revenue and earnings before interest and taxes (EBIT) due to a downturn in the private mortgage market. According to the figures, revenue has fallen by 21% to €360 million from €455 million in 2022, while EBIT decreased approximately 45% to €13 million from €25 million in the previous year. Despite these downturns, the fourth quarter of 2023 showed signs of recovery, with revenue and EBIT rising by 5% and €16 million, respectively.

The sharp decline over the fiscal year was attributed primarily to challenges in the private mortgage sector, while the fourth quarter's improvement includes net one-off effects of around €12 million. Also notable is Hypoport's projected consolidated net income for 2023, expected to be around €20 million, marginally higher than 2022’s €19 million, thanks to positive deferred one-off tax items.

Looking ahead, Hypoport's Management Board is optimistic about 2024, forecasting a significant double-digit percentage increase in consolidated revenue to at least €400 million. EBIT is projected to fall between €10 million and €20 million, contingent upon market normalization over the year. The finalization of these figures awaits the auditor's certification and the approval of the Supervisory Board.