Hypoport shares jump on better-than-expected Q4 results

Hypoport SE

20/02/2025 08:08

** Shares in Hypoport  HYQGn.DE  rise 4%, after the company
posted on Wednesday better-than-expected preliminary Q4 2024
results
    ** The German financial services provider posted Q4 EBIT at
5.5 million euros  ($5.74 million)
    ** Deutsche Bank says that Q4 EBIT exceeded expectations by
22% or 1 mln euros, points that it is also a 50% increase from
Q3 of 3.6 mln euros 
    ** Hypoport's strong gross profit was somewhat offset by
higher-than-anticipated operating expenses, likely associated
with Value AG, says the brokerage  
    ** The company says it expects its 2024 EBIT to increase by
23% at 17 mln euros, at the upper end of its outlook given in
August of 10-20 mln euros 
    ** The stock is seen at the top of German mid-cap index
 .MDAXI  
    




($1 = 0.9585 euros)

 (Reporting by Elizaveta Gladun in Gdansk)
 ((elizaveta.gladun@thomsonreuters.com))