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Hypoport SE (HYPOF) Q4 2022 Earnings Call Transcript


Hypoport SE (OTCPK:HYPOF) Q4 2022 Earnings Conference Call March 13, 2023 12:00 PM ET

Company Participants

Ronald Slabke – Chief Executive Officer

Conference Call Participants


Ladies and gentlemen, welcome to the Webcast Results Full Year 2022 of Hypoport SE. At our customers request, this conference will be recorded. As a reminder, all participants will be in a listen-only mode. After the presentation, there will be an opportunity to ask questions via the telephone lines.

I now hand you over to Ronald Slabke, who will lead you through this conference. Please go ahead.

Ronald Slabke

Yeah. Welcome from my side as well. We are looking back at full year 2022, a turbulent one. And as usually, I will go with you through market environment and the numbers of the segments. I will focus today a little bit more on the market environment, because I feel the need to explain more what happened actually and especially what it means when we’re looking forward in the near-term and long-term future, and we are, in the core, talking about the German housing market.

Okay. But you are aware of this that Hypoport is present in three industries here in Germany: credit, real estate and insurance. You are aware of this that Hypoport is a network of double-digit numbers of subsidiaries in these three industries digitalizing them, but with the focus still and — or let’s say, heavy exposure to the German mortgage market.

So, let’s go to the German mortgage market. What actually happened with — what influenced the year 2022 in the way that — so, when you want to understand the German housing market and the German mortgage market, we need to look back more than a decade in the time before 2011 where this market was best described as stable. We had low number of units finished because of

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