Hypoport slips after Q3 transaction volume shrinks
17/10/2022 10:50
** Hypoport HYQGn.DE shares slide 3% as the German
financial services provider reported lower Q3 results
** The Berlin-based firm reports Q3 total transaction volume
of EUR 20 bln ($19.50 billion), down 18% year on year
** It cites very subdued demand for private and
institutional mortgage finance as reasons for the decline
** "All in all, weak KPIs (key performance indicators) for
Q3, which came however not as a surprise following the company's
profit warning," Pareto Securities says
** The firm suspended it outlook for 2022 in September
** Hypoport is among the worst performers on German
small-caps index .SDAXI
($1 = 1.0255 euros)
(Reporting by Tristan Chabba)
((Tristan.chabba@thomsonreuters.com))