DGAP-Adhoc: United Power Technology AG achieved strong profitable growth in the first quarter 2013

United Power Technology AG / Key word(s): Quarter Results

07.05.2013 12:58

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Q1 results 2013

United Power Technology AG achieved strong profitable growth in the first
quarter 2013

Eschborn, Germany, May 07, 2013 - United Power Technology AG, one of the
leading manufacturers of engine-driven power equipment in China, achieved
revenues of 23.7 million Euros in the first quarter 2013, an increase of
22.3 per cent compared to the same period in 2012. United Power's
commercial generator segment growth again outpaced the residential segment
sector growth with revenues increasing by 65.3 per cent to 12.3 million
Euros, while the residential segment generated revenues of 9.9 million
Euros; a decrease of 7.0 per cent compared to the first three months in
2012. Additionally, a strong growth development was accomplished in the
company's domestic market due to higher activities in the Chinese
construction market, leading to a rise in demand for United Power products.

Gross profit increased by 35.4 per cent from 3.4 million Euros in 2012 to
4.6 million Euros in the first quarter of 2013. United Power's gross profit
margin went up by 1.9 percentage points to 19.3 per cent. This was mainly
due to a higher capacity utilization compared to the same period last year
as well as higher sales in the commercial generator segment, which has
higher margins.

The company's operating profit (EBIT) grew by 48.2 per cent to 3.8 million
Euros (2012: 2.5 million Euros). The EBIT margin amounted to 15.8 per cent.
Compared to the end of the fiscal year 2012, cash and cash equivalents grew
by 25.8 per cent to 38.9 million Euros. The total equity increased from
101.5 million Euros by 7.1 per cent to 108.8 million Euros. United Power's
equity to total assets ratio was 84.7 per cent as of 31 March 2013 compared
to 85.4 per cent as of 31 December 2012.

The Q1 report 2013 of United Power Technology AG will be published on the
company's website http://www.unitedpower.de.com/en on May 14, 2013.

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Information and Explaination of the Issuer to this News:

About United Power Technology Group

United Power Technology Group designs, develops, manufactures and sells
engines and an extensive range of engine-driven power equipment, including
generators, outdoor power equipment, as well as components. Its major
products comprise residential as well as commercial generators, which are
currently delivered to end users in 60 countries around the world. The
operational companies of United Power Technology Group are incorporated
under the laws of the People's Republic of China and located in Fuzhou and
Shanghai, China.

For further requests please contact:
Kirchhoff Consult AG
Yasmin Yaqub
T: +49 40 60 91 86 0
F: +49 40 60 91 86 60
E-Mail: yasmin.yaqub@kirchhoff.de
or visit www.unitedpower.de.com

Disclaimer concerning prognoses
This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect United Power's current views and expectations and the assumptions
underlying them about future events. Forward-looking statements are subject
to many risks and uncertainties. If any of such risks and uncertainties
materialise or if the assumptions underlying any of United Power's
forward-looking statements are proving to be incorrect, United Power's
actual results may be materially different from those expressed or implied
by such forward-looking statements. United Power does not intend or assume
any obligation to update these forward-looking statements. Any
forward-looking statement speaks only as of the date on which it is made.

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Language: English
Company: United Power Technology AG
Mergenthalerallee 10-12
65760 Eschborn
Germany
Phone: +49 6196 400804
Fax: +49 6196 400910
E-mail: oliver.kuan@unitedpower.cn;yasmin.yaqub@kirchhoff.de
Internet: www.unitedpower.de.com
ISIN: DE000A1EMAK2
WKN: A1EMAK
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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