The Berlin-based Hypoport SE started the fiscal year with strong results. In the first quarter of 2024, the financial services provider recorded a 15 percent increase in sales to 107 million euros. The company, which is listed on the SDAX, was able to significantly improve its operating result (Ebit) from 0.8 million euros to 4.3 million euros.

Behind this success stands primarily the Europace platform, which experienced a significant boost in the mediation of real estate loans. The volume of financings processed through Europace increased by 11.6 percent to 18.4 billion euros. Particularly noteworthy was the growth in the segment of savings banks and cooperative banks.

The positive trend is also reflected in stock market performance. After the announcement of the preliminary business figures in mid-April, Hypoport's share experienced an increase on the Tradegate trading platform, temporarily jumping to 238.40 euros, which corresponds to a plus of 3.47 percent compared to the XETRA closing price.

Hypoport plans to present the final details on the quarterly results on May 6th. The current figures already indicate that the company can operate successfully even in a challenging market environment and continues to benefit from strong demand in the area of private real estate financing.