ladies and gentlemen, welcome to the webcast preliminary results full year 2020 of HypoField SE and 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. May I now hand you over to who will lead you through this conference? Please go ahead.
Yeah. Welcome from my side as well. Let's talk about the hypoport two thousand twenty results, and I will give you as well a little bit peak preview on what's going to happen in 2021 and in upcoming years. So as you know, we are digitalizing the credit, the housing, and insurance industry here in Germany. And the good news first, even when 2020 was a challenging year in general for, the whole world, the German credit in real estate and the in in insurance industry had a huge impact from the corona, the economy.
So, quite stable market environment in general, for our more than a dozen of independent one enterprises that integrate along the value chain of these three sectors. Hyperport in general delivered strong growth another year, so for twenty years now, double digit again, plus 50% in revenue with 388,000,000. If you're are aware of this that we skipped some traditional business models and couldn't do so much license in project business anymore in some acquired companies, this growth is even more impressive. And this is what we didn't do this year in project business. If you would compare it there, we grew by 20% compared to last year, especially when you look on the gross profit.
Even then, the environment was challenging, and, yeah, our employees had to change how they work and some something didn't work out as planned. But we were able to increase our profitability to 26,000,000. And in this, you will see when you look on the different results of the segments, was based on a strong growth, especially in the in our core, credit platform unit. Yeah. Talking about these units, our two traditional business models in mortgages, they are growing pretty well in an overall stable market environment, plus 20% for the credit platform, plus 70% for private clients.
You can see here that our platform models where we digitalized industries already performed pretty well in this in this challenging year 02/2020. Why the two growth segments? Real estate and insurance only distributed single digit growth when you look on the top line, But especially here, we ran a transformation from, let's say, skipping license and project business to recurring business models where the revenue is linked to transactions and not to work done by us anymore. And, yeah, if if we eliminate this transformation, these are our growth segments. They are growing faster even than this what you see visibly in the credit and private client platform.
So looking on these overall numbers, we had a pretty good year 02/2020, and I thank all employees for what they did in this year and how they were able to handle the, let's say, private challenges they they are facing and still keep hyperports growing and prospering. So about this future, we will talk at the end of this session here. Okay. Let's first talk a little bit more about the market environment here in Germany, especially in these three industries we are operating in. We started our core business credit platform and debt and mortgage side.
In the beginning of the pandemic, we learned that as a digital leader, the partners which were using Europace already outperformed the rest of the market. We were growing strongly based on the current client and partner network. Transaction volume went up fast in the first quarter and pretty well as well in the second quarter. Then in third quarter, we learned that we see a slowdown, related to COVID because to migrate new partner structures, to the European system, got delayed. So especially in the traditional, part of the credit industry, you could see these organizations were not able to handle big change projects, and migration to the Europress platform is a big change project pretty well.
So we got lots of delays small delays, but a lot of delays in migration projects so that we could see our path a little bit slowing down. Yeah. In but in the same moment, a strong sentiment of this traditional player that they want to go forward just that just that they are not able to. And, so at the beginning of, 2,021 now, we look, on this market, and we see that, well, everyone is, hitting towards the European system. Everyone wants to digitalize its projects.
We are profiting from this, especially in the corporate finance world as well that we are just launching funding port. But the projects are still slowed down as long as we are in a lockdown. As soon as we are back to normal and even traditional organizations are able to handle their way of doing projects as they were before the pandemic, we will go back on track with the speed of migration to the platform and even outperform this pre corona environment because of the huge need everyone feels to be fully remote able for their employees and to, let's say, bridge the gap between traditional and then digital close finally. So so once again, 2020 was approved that, there is no other way of doing credit business in Germany than with Europase. On the private client side, we had additional profit and gave additional market share thanks to the ability technically and from the training perspective of our advisers in the doctor client network to remotely advise clients, should market share gains gains for the franchise system, and this is something that we're going to state.
Maybe it will even accelerate the growth rate the growth rate of doctor Klein farther because people get more and more used to this that in the end, all services are able to be all financial services are able to be done remotely, and you don't need to go to any branch anymore. And so, yeah, pretty well environment during the pandemic and post corona for this private client division. Quick view on the perspective of how the market, the underlying market is developing in Germany. During the pandemic, the real estate prices, housing prices were increasing. Our own index shows that last year, the prices in Germany rise by close to 10%, thanks to still high demand and a lack of, new constructions finished.
The new demand, this year didn't come from migration as as of the previous years. It came from more need for remote working space or just an adjustment that you want more space for your family to live in in the planning. And when we look right now in the market for 02/2021, looking forward, we expect further increases in prices short term, thanks to this higher needs, especially of affluent customers and the upper middle class to adjust the living situation to the new normal of remote work. And midterm, thanks to an a new net migration gains, the German economy will face. We expect that Germany starting in 2022 will highly profit from migration from East And South Europe to the center of Europe because here will be more work to be done because of a faster recovery of the German industry from this shock to our economies.
And the the Germany has a a higher firepower to, let's say, get us in high speed out of this recession than the periphery of of Europe. And that's why we expect the net migration of three to of 200 to 300,000 people per year, which will increase the demand for housing once more here in Germany. Together with this, again, rising prices, as long as we don't meet the demand with new contractors. So pretty well, and good outlook for the new mortgage business here in Germany. So, when we look at this market environment, a short step back, 02/2021 more time, the same what I said for the traditional parts of the credit industry goes as well for the pretty traditional housing industry here in Germany.
So we saw a certain slowdown in the transactions and less renting transactions, less sales transactions, but we didn't see any losses in in or defaults in rents. So the industry is pretty stable. Just it slowed down everything a little bit. And let's say here we are an attacker with our platforms. We are new.
We need a lot of new clients and to migrate let's say, to acquire and then migrate these new clients to our platforms. Yeah. It's a little bit more it was tricky during the corona. It was slowed down because of the ability of these organizations to handle such projects in in a remote environment. So that's why real estate and as well insurance, I'll talk about this in a minute, had some effect on the partner side, but not on the business of the partner.
So when we look forward, 2021 ongoing and 02/2022, We see that this industry understood that they need to be digital, that they are not rushing to migrate, but that they are willing to migrate, that they see that HyperPort is offering a fully integrated solution for this to industries, and we expect huge market share gains going forward in both industries for us. So huge market share gains. How these segments performed in 2020 in this environment? We start with the credit platform and then the core of your pay system. As you know, most of our business is mortgages, some personal loan business linked to this, and as a new entity, it's funding port into RAM Capital, our exposure in the corporate finance space, financing Deutsche and Middlestand here.
We saw a strong growth in transaction volume last year, plus 32% to 90,000,000,000 on your case, above our long term growth track, heavy double digit market share gain, especially in in mortgage finance and in building finance. But as well, personal loan performed pretty well when you are aware of this that we had a high double digit market decline, thanks to the lack of or the reduction of credit risks by banks and the lack of demand from the computers from from the consumer side for personal loans. So pretty good results, especially based on the current installation base installation base of the platform in all set four segments. All four segments were growing a net for HyperPort. So Europase gained market share within the broker group, and the brokers gained market share.
Private banks, which operated already on Europase gained market share, and they're growing. And in the regional retail banking groups, cooperatives and savings banks, and both we were growing high double digit. Even then, corona slowed down the the new project, especially here. So we profited from everything who we might had migrated already pre corona, and we saw a slowdown then in the second half of the year because of the slowdown of this migration project. In both, we feel a strong sentiment going in our direction.
So players, partners wants to migrate more structures to us. They understood, thanks to their, special needs and challenges in the corona pandemic that only your place is a solution where their advisers are able to work from every place in the world, so from home as well as from some remote locations, and that you gain a lot of flexibility in your business operation when your when your workforce is online and is able to operate all needed tasks online and not just a certain ones, then you always then end up with some task which had to be are still offline, and you fail to close the deal or close a task with the consumer. So in both industries, we expect high growth rates in the near time future as well. It's just a temporary slowdown, thanks to the inability of these organizations to operate within the current environment. So this the segment finished the year with record numbers, more than plus 20% revenue and gross profit growth, and even a little outperformance on the EBIT side, plus 26%.
And all this with high investments in acquiring new clients, managing projects for migrations, and investments in platforms, which we are doing currently in this segment. So growth segment, there's a high probability and higher than the group numbers, you can say. And especially here, you see that operating on group number levels and trying to evaluate high report with typical KPIs on a group level, doesn't work out pretty well. You need to look on the four segments and understand how value added each of them is and how fast each of them is growing. And here you see our core segment growing pretty fast.
So second, traditional segment is private client where we operate a network of franchise branches, which are all able to remotely remotely advise their clients in their weekly. And this was a huge gain in the competition with, especially traditional banks, which are not able to offer remote advice to their clients. So doctor Klein performed as well pretty well in the economy, plus 24% growth rate on the transaction volume, above the long term growth rate once again, and gaining market share in this 4% total market share market growth reported by Wundersbank. What is this? Very pretty good and pretty impressive and shows that near time future looks sunny as well.
We gained close to 80 additional advisers this year. In the first half of the year, it was getting pretty difficult because of the lockdown to hire new advisers because nobody wanted to really change their his employee in the middle of a crisis. But in the second half, it accelerated because a lot of advisers working in banks or smaller non total digital intermediaries had to make a choice if they want to sit at home and can't work or if they want to work with their system and the brand, which is known and which is providing clients and technology. And so we gained 60% in our adviser network, and this is above the traditional 10% growth track which we had over the last five years. So an acceleration here, and this means we are able to advise more clients now than in 02/2020.
And this is a promise for future growth for the Docker client network because the bottleneck is not the amount of clients you are able to generate online or the lead generation. Online is unlimited. The bottleneck is the number of advisers you can do parallel. And especially here, doctor Khan was able to scale pretty well in 02/2020. This oops.
Oops. This all leads to a record year for this segment as well. Close to 20% growth on the top line and a nice growth to now 80,000,000 EBIT in the probability. Last year, we had a huge investment in digitalization, especially of the user interface here. And, yeah, we invested a lot in closing contracts with all the regional banks who lately joined your base.
At this paid off now, and we are back to our long term profitability range of 25 to 40%. So pretty pretty amazing recovery in the profitability as well in this in, let's say, stressed market environment of Corona. So in SLG again, together with the profits of the credit platform, you can see that the two traditional units are scaling well, top line and bottom line. You can see the high efficiency gains that you have here and how well you have this kind of businesses are. So now we come to our growth segments.
The area we are losing money, when you look on the p and l, but investing in huge markets which are just around us and where we see a similar, if not even higher potential than in the credit market. First, housing. We are addressing, on one side, the consumer life cycle of homeownership, and on the other side, the rental market. The the core for the long time value of the the platform will be the homeowner ownership segment where we have a very important role that the Europays, every fourth mortgage in Germany is going for the Europays system. And then you look on the customer experience.
If you are a seller or a buyer of a property, you understand that, in this customer journey, your pace is playing a very important role. It's in the middle. And with our heavy investments on the property sales side and on the property valuation side, we are closing this value chain, and we are on the way to fully digitalize this and make a huge integrated offering, yeah, of a platform to all participants in the market where, in the end, there is no way to transact a home anymore without using our marketplaces. Fire system on the seller side reached already 7% market share. Value AG on the property valuation side is at 8% market share.
And both we are investing heavily in digitalizing the processes, integrating the processes with all services needed along this value chain and integrating this onto the mortgage process, which which is in the center of this customer experience. First, deep dive in the public sales platform and this development here. This is the one where we got rid most of traditional business model, and we are not selling any license anymore. We are not selling software development resources anymore. The only thing we are now selling are platforms platforms to sell or to manage housings or apartments.
And with this shift in the business model, we lost revenue short term. Long term, we are gaining a completely different understanding of the relation between our partners and us and the complete shift in alignment between the interest of the consumer, our partner, and us as the platform distributor. Is this alignment is important for, let's say, a well developing synergy between these different needs and where we invest and what we benefit from these investments. And that this, this, gains that we provide in the yeah. In order at this added value that we add to the value chain is, easier to monetize, on an incremental basis as well.
So in this transformation, we lose revenue or lost revenue. Now we are fully in securing revenue, and from here, we are just going to grow. We are growing in the client base, which you can see already. Even when it got more difficult in 02/2020, thanks to the to migrate savings banks and cooperative banks and and their real estate agents. But we did it closing the last open spaces here.
Yeah. In the savings banks industry, there's only 13% left, and on the cooperative banking side, growing by roughly 30% from eight to 11 market share. Yeah. Here's still a huge potential, and that's why we have to invest on the sales side, on developing of the platform, on the features of the platform, and on the integration of your base to make this come through and to get to a fully integrated process. Fully integrated process is the same what we are heating to the ValueAG and the appraisal business.
And even with this current environment, ValueEdge was able to increase the number of partners. More than half of the partners of Europace are already partnering with ValueEdge even when they are only doing a fraction of their business with Value still. But the partnership is there. They are improving it, and ValueEdge was able to grow top line 42% this year even when it was a challenging environment, especially for the depressing business. During a lockdown, you couldn't inspect the properties of your of consumers, how it slowed down on this supply side, you can say.
And on the demand side, banks, especially traditional ones, had some difficulties to manage to pass through their their mortgage applications and bring them to our appraisers to evaluate their properties and to finalize the evaluation process. So on the demand side, it's down temporarily with some applications piling up right now in the back offices of the banks. Short term, we expect to keep growing here. We are well on track by digitalizing this underlying processes, And we'll keep investing here because for the total value chain and for the customer experience, it's it's very important that from the first touch point with an seller via the buyer, the broker, the adviser, everyone is looking to the same valuation, which is just adjusting during the process and is getting finalized so that the uncertainties, which right now is are here in Germany along the value chain, along the process about the value of a property is done. Because in the end, ValueAg is going to be the largest evaluator for banks, and banks are the one who determine what the buyer is able to pay.
And that this is determining in the end what the property is worth. And this way, we want to change or let's say, we want to streamline this area of the housing transaction process and with this to make sure that even the most transaction in your case is going to be more smoothly because there are less irritation about the value of the property. So switching to the renting side of the market. Here, we are providing financing for housing portfolios and a platform for housing to manage housing portfolios. The transaction side, so closing mortgages for the housing industry was pretty well stable even in this current environment.
Usually volatility throughout the year, but all in all, a good year for this for this segment. What was slowed down here are the digitalization processes projects because these companies are let's say, they were not highly affected by the pandemic, but they are they are not able to work remotely. And you want to fully digitalize your housing association, you need to you need to run a huge exchange project because every every bit of your organization is touched by this, and, yeah, it's changed when you fully migrate to our platform. So that's all in all state of environment, especially for the financing platform and a good distributor of revenue for the overall result of the segment. After all this said, you can see that they are okay.
We are well on track to change the way how houses are transacted or rented in Germany. We are on a growth track, high double digits just because of some project business done and some license business done. Yeah. It looks a little bit fuzzy with a 5% revenue growth only. So this is a net result of this strong growth in the return models, but the disinvestment out of the traditional models.
We said already in the beginning of the year that we want to invest heavily in this area, and we did minus 4,000,000 in EBIT. Let let us say, less than 9 no. 9,000,000 less than last year in profitability. And then you see this, then you understand the we mean it that we want to go forward here. And that when the group is increasing its probability by 4,000,000, then this means 4,000,000 plus this 9 here which we spent.
So we have a strong commitment to changing the housing market, and we we are doing this here right now even with the profit increase for on a group level. And this is pretty amazing. So talking about amazing, last, the growth segment, the insurance world that we want to do what we did to the mortgage market with Europase, which not interested to the insurance market. And, as you know, we are working hard on this already for more than five years. So we developed a lot of software.
We acquired a lot of small companies. We transformed them and joined this forces and the workforces and the technology in the platform and offering this now for a couple of years already to the market and, let's say, see that the need is high, the interest is high, but the ability to execute and migrate this huge IT project is sometimes disappointing for an organization like us. We are used to fast moving and fast changing, and we see that the insurance industry is a little bit more traditional and, let's say, well situated to be able to afford this lack of speed. Corona didn't help us a lot. You can say that it slowed down once more in this migration project.
So on the technical side, we see a flow of new clients joining the platform. We see of changes on the partner side that they use the platform more and more integrate better with it, establish more interfaces, but it's all still in a slow motion, you can say, when you think about this, that the efficiency gains for the whole industry and for every participant that we are integrating are so huge. They're talking about 700 efficiency gain when you fully migrate to the platform for most of the market participants. The good news is we proceeded with our business model. So as well in this segment, we let go from some licensed business and some leftover software development business.
We have a clear path to migrate our all our partners to the platform, and we are proceeding on the business side with them pretty well. Just for you, it's difficult to track this from the outside world because what we lose on the onetime revenue side, we first need to compensate on the recurring revenue side, and, you know, this takes time. So so you see a small growth rate here, single digit growth rate compared to last year, profitability getting closer to a breakeven. Let's say we are committed to this market. It's a 600,000,000 transaction fee market for us.
We want a relevant share out of this, and we are willing to keep going forward for a couple of more years and see this market to finally flip to our side and digital digitalization to be the the core driver of the insurance market here in in Germany again. We will drive this forward, and we are absolutely sure that we are the right player to do this, and we are, let's say, best on track. Okay. So looking on the total numbers for the group. You see sorry.
This tool is making here a little bit hassle. You see double digit growth top of bottom line as promised, and as we do this now for the last twenty years, you can say, the long time track after in the last seven years, we scaled and expanded the network pretty well. Within seven years, fourth time of the revenue, same speed as in the previous seven years from 2006 to 02/2013. Just the difference this time is that we are scaling much more profitable than we did it during the first period of the financial crisis. So well on track, double digit growth, huge investments in future business models.
Roughly 40,000,000 of our p and l went to new business. So sales sales agents, project managers, who are working on projects for future revenue, software development on new features of the existing platform, which can be monetized or just fully new platforms like FundingPort for the COVID finance space. So 40,000,000 going through our p and l where we developed something for the future. And, so when you look on on on Hyperport, be aware of this future investment in all segments that we are doing here right now. So this said, we plan to continue this path, double digit growth like in the last years as well this year.
That's why we guide a 10 to 20% revenue and profit gain. So 430 to 460,000,000 revenue, 40 to 45,000,000 in EBIT, and expect us to make sure that everything we do this year, payback in the future years and that we will keep on track for our long term growth in this three industries. So now I hand back to the moderator to see if there are some questions, and I'm ready to answer as much as possible. Okay?
Thank you very much. Ladies and gentlemen, if you have a question for our speaker, please dial zone one on your telephone keypad now to enter the queue. Once your name has been announced, you can ask a question. One moment please for the first question. We have no questions in the queue.
I will hand back to you, Mr. Slatberg.
Yeah. Thank you. Okay. So I hope I answered all your questions. We are already well into 02/2021.
Two months are done. Yeah. In two weeks, we are finishing the first quarter. In six in seven weeks, We are back here in this call, and I will present you a good start of 02/2021. And, let's say, me and all my colleagues, we will work on this to make twenty twenty twenty one a new record year for HyperPort, and, that isn't going to happen.
I'm pretty certain. Thanks for your attention, and, hope to see you soon.
Ladies and gentlemen, thank you for your attendance. This conference has been concluded. You may disconnect.