DGAP-Adhoc 862 0 Kommentare United Power Technology AG: Stable profitability despite lower revenues; announcement of dividend proposal for 2013

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

04.04.2014 10:57

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.

---------------------------------------------------------------------------

Power Technology AG: Stable profitability despite lower revenues;
announcement of dividend proposal for 2013
- Revenues of 103.7 million Euros

- EBIT margin of 13.4 per cent

- Dividend proposal of EUR 0.08 per share for financial year 2013

Eschborn, Germany, April 4, 2014 - Based on the preliminary figures for
2013, United Power Technology AG (United Power) generated revenues of 103.7
million Euros (2012: 111.1 million Euros), a year-on-year decrease of 6.7
per cent. This was mainly caused by the lower sales in North America due to
the quiet hurricane season in 2013, general ongoing deceleration of the
Chinese economy and domestic industry consolidation.

On a segment level revenues in the commercial generators segment fell by
8.0 per cent to 54.2 million Euros (2012: 59.0 million Euros) while
residential generators segment decreased by 6.2 per cent to 43.3 million
Euros (2012: 46.2 million Euros). However, United Power was able to
slightly improve revenues in the outdoor power equipment segment by 1.5 per
cent to 4.4 million Euros (2012: 4.4 million Euros).

The EBIT margin of United Power remained fairly stable with 13.7 per cent
in 2012 compared to 13.4 per cent in 2013. Accordingly, EBIT was 13.9
million Euros in the reporting period (2012: 15.3 million Euros).

Cash and cash equivalents significantly increased from 30.9 million Euros
in 2012 to 38.8 million Euros in 2013, an increase of 25.4 per cent. This
strong growth was due to cash generated from operations and new short-term
borrowings, which more than offset the cash used for investment. Total
equity grew by 8.1 per cent to 109.5 million Euros (2012: 101.5 million
Euros), corresponding to a slightly lower equity ratio of 84.4 per cent
(2012: 85.4 per cent).

Despite the lower revenues of the company in 2013 compared to the previous
year, the Management Board and Supervisory Board decided today to propose a
dividend payment of EUR 0.08 per share for the financial year 2013 to the
Annual General Meeting that will be held on May 22, 2014. This decision is
based on the preliminary figures for 2013 and subject to changes following
from the final figures. Relative to the price United Power shares were
traded at the end of 2013, this equates to a dividend yield of 2.6 per
cent. United Power intends to increase its dividends payment in the years
to come depending on further profitable growth.

United Power will publish its final and audited results on April 14, 2014.

---------------------------------------------------------------------------

Information and Explaination of the Issuer to this News:

For further requests please contact:
Kirchhoff Consult AG
Dr. Kay Baden
T: +49 40 60 91 86 39
F: +49 40 60 91 86 60
E-Mail: baden@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.

04.04.2014 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

---------------------------------------------------------------------------