DGAP-Adhoc: United Power Technology AG: Stable performance

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. --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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 01.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------