Dear ladies and gentlemen, welcome to the webcast Healthview Results 2021 of HyperPort SE. At our customers' request, this conference may 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 Roland Slabke, who will lead you through this conference.
Please go ahead.
You're welcome from my side as well to the presentation of the half year report of HyperPort. As you are aware, We are digitalizing the credit, the real estate and insurance industry here in Germany. And you You may have seen our figures already, and you know that we did pretty well in the first half year that we stay on our growth track and have a double digit growth record as well for the first half year. You can say All subsidiaries in the network, all platforms distributed to this growth, yes, We have a new record in all four segments. The leader is, as always, the credit industry And the credit platform is close to €100,000,000 in revenue, followed by private clients, there's €70,000,000 of revenue now.
And our 2, Yansys Insurance Platform and Real Estate Platform, with around €95,000,000 each. So all four contributed and all 4 are growing above market and gaining market share. At this in the current environment where Not all markets are up at all. Total numbers, more than €200,000,000 in revenue, €230,000,000 to be exact. New record for HyperPort with close to EUR 22,000,000 in EBIT as well a new record for HyperPort for the first half year.
The surrounding market grew by, let's say, top the mortgage market plus 5% in volume, Followed by the insurance market with Plus 1 still. And then we see a corporate finance market where Loan volume was down in the first half of the year and the personal loan market, which were double digit down first half of the year because of the environment. In this market circumstances, HyperPort delivered growth between 7% 70% based on the segments. So we regained market share and outperformed the rest of the market Yes, significant. As a result, we stay with our 2021 forecast Of revenue between €430,000,000 €460,000,000 and as well as our predicted profitability Of €40,000,000 to €50,000,000 45,000,000 So talking about market environment.
As you are Pretty sure we have a pandemic here in Germany. First half of the year were Still marked by some lockdown in the beginning and a normalization of our society in the second quarter. For our businesses, it means that especially in the Q2, for the first time, it was possible again to have physical contact Meet our clients and potential new clients. And especially in the B2B environment where we are in, This is important to create new relations and to bring certain types of projects forward. Ongoing business, you can run pretty well and you can even finish some projects which you have started already.
But to create new partnerships, you need a certain level of interaction with each other. And this is much easier and it was much easier in the Q2 compared to the previous quarters. So we saw a normalization of business relations and this was good. It was enjoyable for our employees and our partners as well. So beside this general track, Looking on the different industries, market environment was, Let's say, dependent a lot from special events in these different markets.
So let's start with the mortgage market. Here we saw a strong market share gain of our clients because of their outperformance Compared with more traditional operating market participants, so You can say all of our clients were gaining market share and thanks to this weekend market share in the end. The need for Fully digitalized solutions, fully integrated solutions is obvious, thanks to the pandemic. So everyone who's running their business already on EuropACE profited from the intensity of automation that EuropACE offers. Beside this, we saw some minor delays On the banking side, regarding the processing of applications, so not all applications which were, Let's say, arrived in banks and their mortgage loans were Underwritten could be passed through fully, so there is a certain delay in this process as well.
Besides mortgage business, 2nd most important market for us in the meantime is Corporate Finance. You can say that the challenges the corona pandemic faces to a lot of businesses arrived in banks And in the rating system of banks, so the full year report of 2020 arrived. And for banks, it's challenging this new situation regarding Their risk appetite and their risk assessment based on their clients. And let's say, we see this and We can say that it's getting more difficult for corporate clients to get Credit here. So the need for advice and REM Capital, one of our subsidiaries is a great adviser For corporates, if needed to help them to solve this issue of higher standards on the banking side, So more structured finances is needed and more advice is needed there.
And this is actually a good environment for REM Capital But the total market was down. So the total underwritten Credit volume to corporates went down here in Germany in the 1st half year compared to last year. Similar Consumer Finance, The demand from computer side or from consumer side for credit is down because of, Let's say, lots of savings made during the pandemic in the last 15 months, Plus, the need and the ability to spend money is still depressed. So the demand is lower than pre corona crisis. And on the other side, banks are not too keen on underwriting personal loans because of the uncertainty of How fast we believe this stressed environment from a consumer perspective?
So demand and the supply is down. And from this market, it's double digit down here in Germany for Consumer Finance. Okay. Looking a little bit more details in the long term development of the Housing here in Germany, it's pretty important to understand that thanks To some general trends, the need for housing stays high. So pre Corona, we saw a net migration.
Right now, we see A stable migration to Germany expect to increase again as soon as the economy recovers. So demand from the side of migration, say, slide expectations up Yes. And will be will increase, thanks to the new invention on the medical side, FADA. We have 20 in Germany to 1 person household, on older people and younger people both. And what is new, thanks to Kona, is a need for more space, especially in the middle class and upper class.
The remote work created a need for 2 remote workplaces at home And even for children's and the remote schooling, you need a solution. And you want to offer your child Some activity space, so a balcony or a terrace is needed. And all this creates a huge demand from a middle class abroad To improve the housing situation here in Germany and there's a lot of need there, which drives the pressure on the market. And so we keep seeing an exceeding demand of 1,900,000 to 2,000,000 units here in Germany, Thanks to our restriction and regulation of the building industry and the housing industry, we don't build a lot new, So prices are going up. And this is for the 1st half year.
We saw a sharp price increase in housing And all predictions looking forward for the next 12 months look similar, double digit price increase in housing. So increasing demand, increasing prices leads to currently a stable amount of transactions in numbers, But at increasing transaction volume, which is good on our housing platform as well as in our mortgage business as well as in our Private Client business. So we are prospering in this current environment and Corona is adding just a 4th trend to 3 old megatrends which we see already in housing market. So as we switch to the real estate platform, Based on this outlook of the housing market, you can say, first half year was a stable environment In the perspective of numbers of transactions, plus increasing volume. In the residential property valuation business where we are in, you could say that the need for valuations increased, Thanks to the increasing prices as well.
Just the processing power of the banks limited the amount of growth here for the market. In the social housing industry, where we offered IT solutions and financing as well, You can say that in general, the impact is low, still no default on rents are similar. On the other side, especially in the second quarter, this Rising prices on the construction side and for building material hit this industry. The margins are low. The projects are calculated as thin margins and rising prices lead to Delays in projects, some projects are on hold waiting for lower prices for the necessary construction material.
We don't feel this in our directly in our businesses, but we can expect that In the near time future, this will have an impact on the way how they calculate projects. And so also we the whole industry is Delivering not enough new housing space. So there is a political initiative needed to speed up and ramp up The whole construction process in Germany and this shortage of material is just adding up another pain in this on this side. So last, industry insurance. In general, the need for digitalization is high, It stays high.
Corona approves it. The ability to act is for most of the players still limited because they are The organizations are not used to this environment. In the Q2, we could finally talk with some of them again and Let's say, drive projects forward. This was good, and we hope to see more of this in the second half of the year. Let's say we feel a positive dynamic here already just from this 3 months of normalization and we look forward And really hope that it's getting better in this industry and that we can help them to digitalize for the upcoming challenges, which is this industry face So how do this how do our 4 segments perform in this general market environment?
As always, we start with the credit platform and the center, EuroPACE. You are aware of this that EuroPACE with their Product range of mortgages, personal loans and post up products is the clear market leader here in Germany. Beside this, we started to develop funding for corporate loans and operate some additional businesses in these segments here Growth Tech continues in the first half year of twenty twenty one. It's an acceleration, you can say, in a long term perspective, Plus 25% growth rate, new record high transaction volume, mortgage business up 28% even in the 5% market environment. So we took a lot of market share in the first half year of twenty twenty one.
Or you can say the market participants which used EuroPACE took a lot of market share from the ones who are still not using EuroPACE, which adds additional pressure to this, which still operate on a more traditional way. Building Finance, Boschwaffe Trade, up only 8%, market is down. Reason is the interest environment. We still have A pretty long fixed interest rate in the normal mortgage products of more than 13 years and the A Bauspar contract is typically used to secure even longer the interest rate, But this such a low interest rate, which we see now here in Germany, which is typically below 1% right now, the need for long term security is Already compensated as higher repayment rates and so the product building finance is not as needed as it was in previous years. Personal loan on Neopay is up 12% compared with a double digit decline in the market.
We see here a strong market share gain, thanks to our approach that we enable B2B partner, especially banks, To underwrite with multiple lenders and aggregate multiple scoring system in their offering to make Each need each demand of a client and match this make it possible and match this on a certain credit offering. Sorry, good traction in all products, above, you can say all target groups. And When we look on the target groups, you can see that we are profiting heavily from our long term strong performance in the Mortgage broker world, where we achieved market share of above 55% now. They are growing. They are taking market share Powered by EuropACE, so one of the important growth tracks in this for EuropACE.
Private banks as well Outperformed the market if they were using your pace and gained market share from others. And you can say they lose this in the market as the Cooperative bank and savings bearings, which are not using at your pace. And that's why we see an accelerated migration path here And accelerated migration speed as well in the Q2 compared to the end of last year and beginning of this year. Total for our first half, for the first half of twenty twenty one in the corporate banking sector, we were growing by 86% to a new record high and in the Savings Banks Industry by 38% to 4,800,000,000 a record high as well. Both sectors still offer a lot of broad potential for us, especially when you see that All Europe's users take market share from the cooperative and savings banks, which are still Operating their mortgage business in a traditional way.
This pressure is high from the competition. The pressure is high from Interest rate margins are possible in this low interest rate environment. And additionally, the pressure side from the fee side, so The results from commissions and fees here in Germany are under additional pressure because of Some high court rulings against banks, so that the need to find new sources of revenue And to reduce your cost of operation is enormous in all banking in all banks here in Germany. And this is supporting our offering of our approach to digitalize, especially the regional banks and drive the penetration in both sectors higher. So as a total result for the first half year, we saw new record figures on revenue and gross profit side, Plus an outperformance on the profitability, your pace and the surrounding business models Have a high scaling effect in it.
So the incremental margin is 100%. And in the current quarter I mean, we as well, let's say, are not too aggressive in expanding our operations, our investments in New target groups and new products here. So we are focused on keeping our growth speed, but we are not in an acceleration right now. Plus, Coronavirus forces well to save on some expenditures, Which are linked to travel or events. So we save as well some money on this side.
So that The strong outperformance on the profitability side is linked to the current environment and to the scalability of Europest. So next segment, as well, strong link and operating in the mortgage world, our franchise network, where Doctor. Klein is offering a brand and for consumers and a trusted brand and for consumers a franchise network Of more than 200 branches here in Germany, online lead generation, bringing clients from the Internet as fast as possible Into the branches of our franchisees, they're operating on Europe based plus Voice sorry, video based advice processes is a very powerful solution in the current environment And Doctor. Klein was able to take a lot of market share last year and as well in the first half of this year, operating in Pretty modern, very meeting client demand and having a perfect solution in place And trained with all the advisers for an remote advice process and presentation process for mortgages here in Germany. So new record high, plus 12%, slightly increased from the Q1.
And we see A double digit pace here as well for the second half of twenty twenty two 2021. We are confident about this because the bottleneck There is the number of advisers in the branches of our franchisees with a plus of 70% or 90 year headcounts net in our adviser network, we set in the first half year As well the basis for future growth, because each additional headcount means after a certain tailing period and optimization of the conversion rate for the new advisers that they are going to be productive after 6 after 3 to 6 months. And this productivity adds new transaction volume Yes, for the whole Doctor. Klein network. So we expect further growth from this Pretty high growth speed up 17% plus on headcount on the Advances side.
The additional transactions resulted as well in a new record Revenue and gross profit for Doctor. Klein. And thanks to the scalability of a franchise system Plus savings on again cost for traveling and events. We see a new record on profitability as well €12,400,000 in profits, so more than 50% EBIT margin. And to be honest, our long term expectation is that EBIT margin for this business should be around 35% to 40%.
We outperformed this right now, Thanks to the circumstances, but competition will, in some moment, get better as well handling remote advice processes and Some costs will come back. So over the next couple of years, we don't expect to keep a profit margin of above 50% here in this kind of business. But for now, it's performing pretty well, And we expect as well a very strong second half of the year for this segment. So now we come to the Youngfairs, number 1 real estate platform with their, Let's say, 2 types of housing which we are digitalizing. 1 is home ownership, where we have a strong position in the market with our Mortgage platform, your pace?
And the other one is the renting market, social housing, where we are And very, very old financier and mortgage broker in this world Adding digitalizing this process and adding a digital platform for housing associations to operate on to the industry. The core for this segment is the home ownership side because here we see a huge potential in In leveraging our market position in the mortgage finance business and gaining market share On the purchase side and on the valuation side of Properties. Why? From our perspective, It's one workflow, one consumer driven process, which is right now too fragmented, not integrated, not digitized As a whole and using our position in mortgage business, we aim for a full digitalized approach for the whole transaction, including the, let's say, the first contact, the purchasing process and the validation the valuation process as well. This all should be at the end from a perspective of a consumer, A process without handover of documents or data that we're not integrated parties, so the risk of loss of information, This all needs to be fully integrated and thanks to this plan fully automated workflow, Which takes only the consumer to make its decision and to consider it, but not to handle documents or data From participant to participant.
In this value chain, with your case, we have a market share of something around 30% already. And thanks to acquisitions and our organic growth speed in the last one and half year, you can say, we are now close to 10% market share on the property sales side And on the property valuation side. So each tenth of housing transaction in Germany is powered by the fire solution And each tenth of valuation is done or supported by Value AG. You see that beside the fact that U Pass is growing and this 30% is just the current status, There's a huge potential in both directions. We are talking about €250,000,000,000 markets here, each of them In total transaction numbers and with a fair fee structure based on the added value that we deliver, There is a huge chance in this market for Hypervolt.
That's why we are investing heavily and Trying to improve the share of properties going through our sales platform or being evaluated by us. Talking about sales platform, we are B2B. We use bank branches as Leverage and deliver the underlying IT system for real estate brokerage and mortgages and In the savings bank world, while they are still only 12% of the mortgage transactions Going through your pace, 88% of all banks use already FIO for the Real Estate Agent Network. And the efficiency gain in integration integrating these both solutions, optimizing The whole consumer experience base of this integrated solution is huge. And thanks to this, our position in the semi banks world this year, Very powerful.
We are working on this to have a similar role in the corporate banking world. We increased our share by 1% to 11% now. It could be faster the growth track here. The The challenge is a little bit that Genopace is already very successful. A lot of attention, lot of resources goes to The scaling of Genopase in the corporate banking sector.
This takes a toll on the speed in other projects. And So we are, let's say, our organization, but as well the corporate banking industry is Still a little bit distracted from the importance of real estate brokerage here, but we see the potential and we see that corporate banks As well as Savings Bank needs the revenue from real estate agents, And they are still underperforming here and are not fully using their potential, so that there's a lot of need for Advise and support from our side beside providing the platform. That's why it's not a We see this okay, we see that we are on track and just need to jointly reach step After step and bank after bank here and migrate them to our joint solution. As a result of the growth in both sectors, we see an organic growth of low double digits, roughly 10% here. Total numbers is down 3% because of some project business, which was still in Q1 of 2021, diluting our growth track here.
Now the whole business is fully transaction based and decuring. So this is It's a transformation as well. You noticed already from our previous reports in the last quarter. 3rd product segment sorry, 2nd product segment valuations, Strong growth on the partnership side. So more and more Europe based partners use as well Value AG or start to use Value AG for the For the evaluation, revenue growth of 26%, even when we still see some Alexian execution and the processing of applications on our partner side, we delivered this growth In 2021 based on gaining efficiency by digitalization by digitalizing the processes, While in 2020, we are still growing by increasing headcount.
So this validation Valuation platform is a heavy investment case for us because We first started to aggregate market power and market share using human labor. And now step by step, we digitalize the work which is Focusing our people more and more on Demerra's sophisticated work, which can't be fully automated or is still not automated. So looking forward, we plan to keep this growth track here without adding additional headcount on the execution side. We may need more headcount on software engineering and data science here, but on the long term, this pays pretty well back and Step by step, we will take market share and let's say, first, make this business profitable and later scale this With a similar probability as we see it already in the credit platform business. 3rd product area, the rental market and Delhi Housing Association and our financing platform for them and new records with more than €1,000,000,000 transaction volume in the first half year.
Thanks to a certain level of volatility in the interest rate environment, plus in general low interest rate environment here in Germany. Yes. Still there's no support for our figures from the market growth. So still we In Germany, the new construction of social housing is on, Let's say low level compared with the times where we already had huge migrations Let's say, last century still. So we still need to ramp this up here.
We need 1,000,000,000 of Your spend in new social housing to meet this demand to close this gap of this 1.9 1,000,000 missing units here. First half, you can say stable, stable environment. We slightly increased our production volume. Product mix changed slightly, so that's why the revenues down by 2 percentage, not a major issue. For the whole segment, it means a growth track.
And if you eliminate the project business, double digit growth for the 1st half year. And then you compare Q2 of 2020 and Q2 of 2021, you see a 10% growth track already Of organic growth in this segment here. And still we are ramping it up, yes. We are still in a Heavy investment case, this is a hardcore B2B business where we digitalize an industry. And to ramp this up, it stays a challenge and it's pretty healthy and pretty good that we can use our A strong position in the mortgage market here to accelerate the growth and to achieve some unfair advantages in the competition with the existing players in Okay.
And Lars Youngster, the insurance platform with Smart InsurTech in the center, our approach to fully digitalize the German insurance sales side. So from consumer via agents to insurance companies, bringing them all on a joint platform, bringing all the information, the data on a single platform to then enable high levels of automation in the exchange of information along the value chain and the life cycle The path to success for us this year to More and more migrate the contractual datas from our acquired on premise software solutions To the centralized platform and then connect this information with the Information in the core banking core insurance systems of the insurance company, which underwrote the insurance contract. On the migration side to the platform, we saw a plus of 8% in the first half year to now Close to SEK 3,000,000,000 in premium volume. On the validation side, We increased from 16% to 18% in the Q2. We expect that the speed of Migration to this platform will slightly increase in the second half of the year, so double digit.
Plus, we expect a high increase in the speed of validation as to create links to the insurance companies to enable further automation. We saw in the second quarter a lot of quality growth in The IT project that we are running together with insurance companies saw that we are pretty confident that this Validation the number of validated volume is sharp increasing in the second half of this year. On the long run, we stay in this, let's say, long term Approach of fully digitalizing this market and not trying to have some short term effects On numbers by, let's say, manually executing or managing insurance contracts, We offer a fully digital solution. Even when this solution means that integration takes more time and the integration with your current IT infrastructure as a sales organization as a sales organization takes some time. We see this central data point, central in a platform As a core asset, long term to achieve double digit growth here in this market By being the hub where everyone needs to be connected with and where all the data and information needs to go through To have an efficient information exchange between consumer agent and insurance company.
For the first half year, this growth in transaction volume plus some inorganic growth of the acquisition of Pension scheme platform delivered double digit growth, plus 12% on the revenue side, plus 6 percent of gross profit. We keep investing, so minus €1,000,000 in EBIT. We scale our IT teams to further develop our platform, to develop the necessary interfaces And to create automation based on the validated data. So here, lots of investments ongoing in this platform To make sure that the increasing client demand for this automation So total numbers for the group, Double digit growth. As always, first half year, we delivered again, Plus 13% on the top line side and between 21% 35% On the profitability side, last year, we had some deferred tax issues, so we had to pay Some taxes from previous periods, that's why the outperformance otherwise you would see roughly around 25% growth in all numbers.
So we are listed in line with our long term growth record here. The last 7 years, we are scaling highly profitable And keep in mind that this profit numbers, especially the €36,000,000 in EBITDA It's linked to another EUR 40,000,000 that we spent and passed through our P and L for investments in future growth In the credit platform, in real estate and in insurance. We are heavy spenders, then you look on our future. We invest a lot in key account resources to acquire new clients and new transaction volume, and we are investing heavily in IT resources to expand our platforms From their value proposition they offer and from the future revenue they are able to generate. Share restructure, just a small change.
BlackRock is now on board with more than 3%. Everything else is stable. Our long term investment case stays stable. Each investor here invests in the double digit growth tracks of a company which is doing this for 20 years now and plans to do this for the next 20 years. So for this year, we are Pretty good on track with our guidance, and we expect to keep growing this way for the next 20 years.
Now I hand back to our operator to moderate if there are any questions.
Thank you very much. As we have no questions, I would like to hand back to you, Mr. Flakke.
Yes, thank you. Yes. Let's say, next couple of months, we see a huge voting here in Germany for federal government and as well as for some regional governments. We, as HyperPort, expect that the topic of housing is far on top of the any new Government, regional and federal, because of the stress it adds to the society, We expect some impact some positive impact and impulses for homeownership and we expect as well a lot of impact on the So when we meet again at the beginning of November, we know how the new government looks like And hopefully, we can give you an update already what we may gain in the different markets From this guy, new government structures. So up to then, we are focusing on keeping this industry busy, This and digitalizing them and driving the IT projects forward and our revenue up.
So hope to see you soon again. Bye bye.
Ladies and gentlemen, thank you for your attendance. This conference has been concluded. You may disconnect.