DGAP-Adhoc

United Power Technology AG: Sharp decline in revenue and earnings

United Power Technology AG / Key word(s): Profit Warning/Forecast

02.08.2016 16:45

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Disclosure of an inside information according to Article 17 MAR

United Power Technology AG: Sharp decline in revenue and earnings

Eschborn, Germany, August 2, 2016 - United Power Technology AG (United
Power), expects a sharp decline in revenue and earnings for the first six
months in 2016.

On the basis of preliminary results, United Power expects a revenue
decrease of 14.6% to 53.5 million Euros in the first six months of 2016
compared with 62.6 million Euros for the same period last year. In
addition, EBIT for the first six months of 2016 is expected to decrease by
56.0% to 3.4 million Euros compared to 7.7 million Euros for the same
period last year.

In the light of the on-going challenging business development, which is
expected to continue, United Power revises its guidance for 2016. The
Company expects the Group's revenue to fall between 20 and 30%, with the
gross profit margin to decrease between 2 to 4 percentage points and the
EBIT margin to decline by up to 9 percentage points. Before, the Company
expected to increase its revenue by a low single-digit percentage in EUR
terms, while the EBIT margin was expected to remain stable compared to the
previous fiscal year.


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Information and Explanation of the Issuer to this News:

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.

Contact:
Kirchhoff Consult AG
Andreas Friedemann
Herrengraben 1
D-20459 Hamburg
T [phone]
F [phone]
[e-mail]

02.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: United Power Technology AG
Mergenthalerallee 10-12
65760 Eschborn
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.unitedpower.de.com
ISIN: DE000A1EMAK2
WKN: A1EMAK
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange

End of Announcement DGAP News-Service

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