INTERHYP : 3rd quarter 2010: Interhyp accelerates growth and increases mortgage volume to 1.88 billion Euros

Interhyp AG / 3rd quarter 2010: Interhyp accelerates growth and increases mortgage volume to 1.88 billion Euros Processed and transmitted by Thomson Reuters. The issuer is solely responsible for the content of this announcement.

(Munich, 10th November 2010) Interhyp AG, Germany's largest residential mortgage broker, accelerates its growth in the third quarter: The closed mortgage volume rose by 34 percent to 1.88 billion Euros (Q3 2009: EUR 1.41 billion). This translates into 11,871 closed mortgages and therewith an increase of 24 percent against the third quarter 2009 (9,595). Net revenues climbed by 50 percent to 21.7 million Euros (Q3 2009: EUR 14.4 million). Earnings before interest and taxes (EBIT) grew to 1.2 million Euros (Q3 2009: EUR 0.5 million), net income was at 0.9 million Euros (Q3 2009: EUR 0.5 million).

 

"This growth pace proves once more: Our business model and our processes are very well adjusted to the needs of our customers so that we, with our focussed mortgage skills and the performance of more than 250 lenders on our platform, can immediately benefit from an increasing interest in residential real estate in Germany", says Robert Haselsteiner, founder and Co-CEO of Interhyp AG.

 

 

About Interhyp
With EUR 5.2 billion in new residential mortgage volume in 2009, Interhyp is Germany's leading residential mortgage broker. Interhyp helps its costumers to find the suitable mortgage solution among more than 250 lenders. To do this, Interhyp combines the power of the internet with high quality mortgage advice from its more than 250 mortgage consultants. In addition to its direct channel, Interhyp offers face to face advice in its offices in Augsburg, Bayreuth, Berlin, Bielefeld, Bocholt, Bremen, Chemnitz, Cologne, Dortmund, Dusseldorf, Essen, Frankfurt, Hamburg, Hanover, Karlsruhe, Kempten, Leipzig, Mannheim, Munich, Nuremburg, Stuttgart and Wiesbaden.

 

Press contact
Christian Kraus
Executive Director
Head of Communications
Telephone [phone]
E-Mail: [e-mail]

HUG#1460637

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Interhyp AG
Marcel-Breuer-Str. 18 Munich Germany

WKN: 512170;ISIN: DE0005121701;Index:CLASSIC All Share,Prime All Share,CDAX,GEX;
Listed: Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
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Source: Interhyp AG via Thomson Reuters ONE

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