on Hypoport AG (isin : DE0005493365)
Hypoport SE Reports Strong Revenue and EBIT Growth in Q2 2024
Berlin, 23 July 2024: Hypoport SE has released its preliminary business figures for the second quarter of 2024, showcasing robust financial performance. The management board revealed significant improvements in both revenue and EBIT compared to the previous year.
For Q2 2024, revenue surged by 30% to €111 million, up from €85 million in Q2 2023. EBIT for the same quarter reached approximately €3.6 million, a notable increase from the negative EBIT of €-2.5 million reported in Q2 2023.
The first half of 2024 also demonstrated strong growth, with revenue climbing by 22% to €218 million, compared to €179 million in H1 2023. EBIT for the first half-year rose to approximately €7.9 million, a significant turnaround from the loss of €-1.7 million in H1 2023.
The positive financial results are attributed to improved business development in the Real Estate & Mortgage Platforms segment. Hypoport SE plans to publish its detailed half-year results on 12 August 2024.
R. E.
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