A bang in the evening: The financial service provider Hypoport is looking more pessimistically at the current year after a surprisingly weak development in the real estate segment. Overall sales are likely to fall by up to 15 percent, the company announced late Monday evening in Berlin.
Earnings before interest and taxes (EBIT) should reach at least 10 million euros. However, the forecast only applies if the still restrained market development in private real estate financing picks up slightly.
In the second quarter, revenues fell by almost a third to 85 million euros compared to the corresponding period of the previous year. EBIT slipped from plus 13 to minus 2.5 million euros into the red. The credit and insurance segments developed slightly positively. To the complete company report.
The market participants acknowledge the forecast reduction in after-hours trading with a strong price discount in the double-digit range. As a result, the previously promising chart picture has clouded over again. Buying shares that are not on the SHAREHOLDER’s list of recommendations is currently not an option.
With material from dpa-AFX
2023-07-31 19:52:53
#Hypoport #cuts #forecast #share #collapses
