3rd quarter 2009: Interhyp continues positive trend
(Munich, November 11th 2009) Interhyp AG, Germany’s largest distributor of residential mortgages, continues to see a stable business in the third quarter of 2009: The brokered mortgage volume grew by 5.4 percent to 1.409 billion Euros (Q2 2009: EUR 1.337 billion). This corresponds to a growth to 9,595 closed residential mortgages (Q2 2009: 9,378). Net revenues were flat at 14.4 million Euros. Earnings before interest and taxes (EBIT) reached 0.5 million Euros (Q2 2009: EUR 0.7 million). Therewith, even in a continuously difficult environment with a net income of 0.5 million Euros Interhyp remains clearly profitable (Q2 2009: EUR 0.6 million).
"The fact that we could grow the brokered mortgage volume in Q3 again, proofs once more how well we are strategically positioned: With our excellent quality advice, a vast choice of mortgage solutions from more than 150 lenders and the presence in our regional offices we offer our customers a strong added value – especially over the single product offering of many traditional high street banks”, says Robert Haselsteiner, Co-CEO of Interhyp AG.
Aiming to clearly position itself for further growth, Interhyp will promote the business unit managers Mirjam Mohr and Benjamin Papo to deputy members of the management board as of January 1st 2010.
About Interhyp
With EUR 5.9 billion in new residential mortgage volume in 2008, 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 among the products of more than 150 mortgage lenders. In addition to its direct channel, Interhyp offers face to face advice in its regional offices in Augsburg, Berlin, Bielefeld, Bremen, Cologne, Dortmund, Dusseldorf, Essen, Frankfurt, Hamburg, Hanover, Karlsruhe, Leipzig, Mannheim, Munich, Nuremburg, Stuttgart and Wiesbaden.
Press contact
Christian Kraus, Head of Corporate Communications, Telephone +49 89 20 30 7 13 01, E-Mail: christian.kraus@interhyp.de
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