Hypoport SE (HYPOF) Q2 2023 Earnings Call Transcript

Hypoport SE (OTCPK:HYPOF) Q2 2023 Earnings Conference Call August 14, 2023 11:00 AM ET

Company Participants

Ronald Slabke – CEO


Dear, ladies and gentlemen, welcome to the Webcast Results Q2 2023 of Hypoport SE. At our customers’ request, this conference will be recorded. [Operator Instructions].

May I now hand you over to Ronald Slabke, who will lead you through this conference. Please go ahead.

Ronald Slabke

Yes, welcome from my side as well to the Q2 — to the presentation of the Q2 numbers of 2023. As you are aware, we are digitalizing three industries, credit, real estate and insurance here in Germany. Our routes are the German mortgage business. And with the current circumstances, we are in a special market environment. We were talking about this a lot but be aware there are business models other talk about the market development there when I present the numbers of these businesses but let’s start to understand what’s happening in January.

When you look on our group, four segments. The largest one is credit industry, it’s a core in the mortgage business, private clients as well as mortgage-linked. And insurance industry is something else and favorable market environment. Real estate is growing, but as well linked to the housing market and is to mortgages. Overall, our group is growing. All business models are gaining market share in their markets, but the markets are pretty different right now. So when we look on the numbers of the different units, you can see that Credit is performing pretty well in the second quarter, plus 2% in revenue. Private client, together with the mortgage market lost some revenue. Real estate was a negative surprise this quarter, and we’ll talk about this in more detail. And insurance here we see a seasonal effect overall, it performed pretty well in the second quarter.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *