Ad hoc Releases

United Power Technology AG: Annual General Meeting resolves dividend payment

Ad-hoc-Announcement pursuant to Section 15 German Securities Trading Act

United Power Technology AG: Full year 2014 results and dividend proposal


Eschborn, Germany, 20 April 2015 – United Power Technology AG (United Power), a manufacturer of engine-driven power equipment in China, reports preliminary results 2014 and the dividend proposal as follows:


The revenues decreased by 7.8 per cent to 95.6 million Euros due to adverse market conditions. Year-on-year EBIT dropped from 13.9 million Euros in 2013 to 9.1 million Euros, representing an EBIT margin of 9.5 per cent after 13.4 per cent in the previous year. The Group's net profit decreased from 10.0 million Euros in 2013 to 5.4 million Euros in 2014.


On the basis of the preliminary financial results and in view of the on-going factory expansion, possible M&A considerations and continued industry consolidation, the Management Board and the Supervisory Board of United Power, jointly decided today that they will not propose a dividend payment for the year 2014 to the Annual General Meeting. For the financial year 2013 United Power had paid a dividend of 0.08 Euro per share.


The Annual General Meeting of United Power will be held on 26 August 2015. The company will publish its full annual report 2014 on 29 April 2015.

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.