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: [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. 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: [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 Announcement DGAP News-Service ---------------------------------------------------------------------------