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. --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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 +49 40 60 91 86 50 F +49 40 60 91 86 16 [email protected] 02.08.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------