BERLIN (dpa-AFX) - Financial services provider Hypoport is taking a more pessimistic view of the current year following a surprisingly weak performance by its real estate segment. Revenue is likely to fall by up to 15 percent overall, the company announced late Monday evening in Berlin. Earnings before interest and taxes (Ebit) are expected to reach at least 10 million euros. However, the forecast only applies if the still subdued market development in private real estate financing picks up slightly.

In the second quarter, earnings slumped by almost a third year-on-year to 85 million euros. EBIT slipped from plus 13 to minus 2.5 million euros into the red. The credit and insurance segments developed slightly positively.

Investors were horrified. In an initial reaction, Hypoport's share price plummeted by more than 13 percent on the Tradegate trading platform./he/ck