Final Q1 2016 figures in line with prelims; full-year guidance intact
Hypoport AG released its final Q1 2016 figures in line with the prelims. Sales, at 35.7m, were up 7.1% yoy and almost unchanged qoq (-0.6%); EBIT surged +41.9% yoy and 19.1% qoq to 6.6m, implying an EBIT margin of 15.2% (+370bps yoy / +250bps qoq). EPS was up +39.5% yoy and +4.8% qoq to 0.70. Given this very solid start into 2016, despite the introduction of new regulations in the mortgage finance market (Germanys Mortgage Credit Directive/MCD), management continues to expect top- and bottom-line growth in the low double digits for the full year 2016, both at the group level and in the individual business segments.
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