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Interhyp AG (FRA:IYP) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
(Munich, 12 November 2008) In the third quarter of 2008 Interhyp AG, Germany's leading residential mortgage broker, prevailed against the difficult market environment: Closed mortgage volume grew by 19 percent to 1.559 billion Euros (Q3 2007: EUR 1.312 billion) and the number of closed mortgages rose by 14 percent to 10,586 (Q3 2007: 9,283). Therewith, Interhyp increased its market share in new mortgage volume to 3.50 percent (Q3 2007: 2.89 percent). Net revenues went up to 19.6 million Euros (Q3 2007: EUR 18.1 million). Earnings before interest and taxes (EBIT) were at 5.0 million Euros (Q3 2007: EUR 5.4 million) and net profits came to 2.8 million Euros (Q3 2007: EUR 3.4 million).
"Our business model also proves its benefits for the customer strongly in an environment like this: While many consumers are very insecure because of the financial crisis, the Interhyp model creates transparency and therefore a high level of security when it comes to choosing the right residential mortgage. Our more than 250 mortgage specialists can choose from the offerings of over 70 banks for their customers and provide highly individual advice", says Robert Haselsteiner, founder and Co-CEO of Interhyp.
About Interhyp With EUR 5.7 billion in new residential mortgage volume in 2007, Interhyp is Germany's leading residential mortgage broker. Interhyp combines the power of the Internet with high quality mortgage advice. More than 250 mortgage consultants can choose independently among the products of more than 70 mortgage lenders to provide borrowers with rates that are significantly below those of traditional branch-based retail banks. In addition to its direct channel, Interhyp offers face to face advice in its offices in Augsburg, Berlin, Bielefeld, Bremen, Cologne, Dortmund, Dusseldorf, Essen, Frankfurt, Hamburg, Hanover, Karlsruhe, Leipzig, Mannheim, Munich, Nuremburg, Stuttgart and Wiesbaden. Interhyp AG shares are listed in the Prime Standard at Frankfurt Stock Exchange with the code IYP and the ISIN: DE 00005121701.
WKN: 512170; ISIN: DE0005121701; Index: CDAX, CLASSIC All Share, Prime All Share, GEX; Listed: Prime Standard in Frankfurter Wertpapierbörse, Amtlicher Markt in Frankfurter Wertpapierbörse;
