DGAP-Adhoc: United Power Technology AG: Stable performance in 9M 2013

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

01.11.2013 15:49

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

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Preliminary figures 9-months 2013

United Power Technology AG: Stable performance in 9M 2013

Eschborn, Germany, November 1, 2013 - In the third quarter the market
environment remained challenging. According to preliminary figures United
Power Technology Group, one of the leading manufacturers of engine-driven
power equipment in China, realized revenues of 84.3 million Euros for the
first nine months 2013 (9M 2012: 83.6 million Euros). This corresponds to a
year-on-year growth rate of 0.9 per cent. The operating profit (EBIT)
improved by 1.3 per cent to 13.6 million Euros (9M 2012: 13.5 million
Euros). This corresponds to an EBIT margin of 16.2 per cent (9M 2012: 16.1
per cent). With respect to the EBIT comparison of the first 9 months 2013
with the same period last year, it has to be taken into account, that a
certain Other Interest Income has been reclassified from Other Operating
Income as Interest Income in 2012 and the same classification has been
adopted in 2013.

Cash and cash equivalents increased to 39.1 million Euros (December 31,
2012: 30.9 million Euros) at the end of the first nine months 2013.
Furthermore, the total equity of the group increased by 10.3 per cent to
112.0 million Euros (December 31, 2012: 101.5 million Euros) representing a
equity ratio of 84.0 per cent.

Due to the current challenging operating environment, which United Power
expects to continue throughout the fourth quarter of 2013, the company is
facing weaker than expected demand for its products in the second half this
year. United Power therefore revises its sales guidance for the full year,
expecting full year revenues to decline by about 5 per cent in Euro terms
for the fiscal year 2013. In its half-year report United Power had assumed
revenue growth of 8 per cent for the full year. The guidance for the EBIT
margin remains unchanged and is still expected to be in line with the
previous year's level.

All results are preliminary. United Power Technology AG will publish its
full 9-months report 2013 on November 12, 2013.

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Information and Explaination of the Issuer to this News:

Contact:
Kirchhoff Consult AG
Dr. Kay Baden
Herrengraben 1
D-20459 Hamburg
T +49 40 60 91 86 39
F +49 40 60 91 86 16
baden@kirchhoff.de

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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
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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