DGAP-News: United Power Technology AG / Key word(s): Quarter Results United Power Technology AG: Strong growth and improved profitability in the first quarter of 2013 14.05.2013 / 08:11 --------------------------------------------------------------------- Q1 results 2013 United Power Technology AG: Strong growth and improved profitability in the first quarter of 2013 - Revenue growth by 22.3 per cent to 23.7 million Euros - Net profit increased significantly by 48.8 per cent to 3.2 million Euros - Commercial generator segment continues to be a significant growth driver - Guidance 2013: Steady growth and stable operating profit margins Eschborn, Germany, May 14, 2013 - United Power Technology Group, one of the leading manufacturers of engine-driven power equipment in China, achieved strong profitable growth during the first quarter of the fiscal year 2013. With revenues of 23.7 million Euros the company achieved a significant increase of 22.3 per cent compared to the same period in 2012. Gross profit increased by 35.4 per cent from 3.4 million Euros in the first quarter of 2012 to 4.6 million Euros in the first quarter of 2013. United Power's gross profit margin increased to 19.3 per cent from 17.5 per cent in the comparable period last year. The operating profit (EBIT) increased by 48.2 per cent to 3.8 million Euros (2012: 2.5 million Euros), resulting in an EBIT margin of 15.8 per cent. United Power's net profit grew from 2.2 million Euros in the first quarter of 2012 by 48.8 per cent to 3.2 million Euros in the comparable period of 2013. Accordingly, the earnings per share (EPS) showed a year-on-year increase of 52.9 per cent and amounted to 0.26 Euros in the first three months of 2013. United Power's commercial generator segment again outpaced the residential segment sector with revenues increasing by 65.3 per cent to 12.3 million Euros. The residential segment on the other hand generated revenues of 9.9 million Euros, a decrease of 7.0 per cent compared to the first three months in 2012. The company's other segments - outdoor power equipment and components - also achieved strong growth. The segment of outdoor power equipment increased by 38.7 per cent to 1.3 million Euros whereas the components segment grew by 13.6 per cent to 1.2 million Euros compared to the first three months in 2012, even though it's currently not a strategic sector for the company. Outlook confirmed United Power will continue to pursue its announced strategy for 2013 and anticipates to expand its global footprint by acquiring new customers while generating profitable business in more than 60 countries and launching further products this year. United Power expects continuous growth of its commercial generator segment, outpacing the residential generator segment. Additionally, the outdoor power segment is expected to grow disproportionately faster this year compared to the previous year. The components sector will remain a less strategic sector, which will be driven by opportunities presenting themselves in the market place. Under the assumption of stable exchange rates and trading conditions generally improving in the later part of this and next year, the company expects a solid revenue growth rate of eight per cent for 2013 and a similar growth for 2014, whereas the EBIT margin is forecasted to remain at the same level as in 2012. The full interim report 3-months 2013 of United Power Technology AG is available under http://www.unitedpower.de.com/en. 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 more than 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: [email protected] 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. End of Corporate News --------------------------------------------------------------------- 14.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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: [email protected];[email protected] 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 News DGAP News-Service --------------------------------------------------------------------- 210882 14.05.2013