Hypoport shares significantly stronger: Hypoport is reorganizing

The brokerage, financing and valuation of private residential properties will be bundled in the new “Real Estate & Mortgage Platforms” segment, as the company announced on Friday in Berlin. Everything about financing consumers and businesses ends up in the “Financing Platforms” section. Only the insurance division remains unchanged. Hypoport shares, which have been struggling for some time, rose significantly on Friday.

Via XETRA, Hypoport shares temporarily gained 4.72 percent to 177.60 euros. Strong price fluctuations are nothing new for Hypoport shareholders.

During the corona pandemic, the share rose to up to 618 euros at the beginning of 2021. However, especially from the beginning of 2022, things fell sharply with the interest rate increases by the European Central Bank. As a result, Hypoport’s real estate lending business also collapsed. Things remained turbulent for the share price in 2023: from 198 euros in July it fell to 98.45 euros by the end of October.

CEO Ronald Slabke lowered his sales forecast for the current year. The reason was once again the weak development of the real estate platform’s business and the modest recovery in private real estate financing.

The board is now also restructuring these areas – the number of group segments is shrinking from four to three. The new division will involve the business of several subsidiaries such as Europace and Finanzvertrieb Dr. Torn apart in small ways – depending on whether it concerns real estate or the financing of private or corporate customers. Slabke hopes that the new structure will result in greater efficiency and less complexity.

/stw/mis

BERLIN (dpa-AFX)

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