DGAP-News: Preliminary figures 2011: United Power Technology achieves mark of EUR 100 million in revenues
(firmenpresse) - DGAP-News: United Power Technology AG / Key word(s): Preliminary
Results
Preliminary figures 2011: United Power Technology achieves mark of EUR
100 million in revenues
21.03.2012 / 08:30
---------------------------------------------------------------------
- Consolidated revenues up 18.6% to EUR 100.3 million
- More than 40% growth in the domestic market
- Adjusted EBIT-margin of 16.6%
Eschborn, Germany, March 21, 2012 - United Power Technology Group, one of
the leading manufacturers of engine-driven power equipment in China,
reached revenues of more than EUR 100 million. Revenues increased in 2011
by 18.5% to EUR 100.3 million. Adjusted for exceptional items related to
the IPO, operating profit (EBIT) reached EUR 16.6 million, representing an
adjusted EBIT-margin of 16.6%. In a challenging environment, United Power
had forecast revenues to clear the EUR 100 million mark and an adjusted
EBIT-margin of 17.0% for fiscal year 2011.
The result of United Power is based on strong growth in the company's
domestic market China and in new markets such as Russia, Latin America and
Asia-Pacific. Based on an end customer analysis, the company generated more
than 40% growth in the domestic market, compared to the same period of the
previous year. The residential segment and commercial generator segment
grew by approx. 18% and 23% respectively. This is in line with the
company's strategy to expand revenues of larger generators.
Non-adjusted EBIT decreased to EUR 11.9 million. The decline results from
exceptional items due to the preparation of the IPO of United Power on the
Frankfurt Stock exchange. In consultation with the auditor Deloitte the
company decided to adopt a conservative treatment of the IPO costs and
expensed a large part of the IPO expenses rather than capitalize them.
Additionally, a government grant of EUR 1.6 million was amortized over 20
years rather than counted as income as the company used to do in previous
years due to the different nature of the government grant. At EUR 9.6
million, net profit was down on the previous year's figure of EUR 13.5
million.
United Power will publish its full annual report for fiscal year 2011 on
April 13, 2012.
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 more than 45 countries in 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
Dr Kay Baden
T: +49 40 60 91 86 39
F: +49 40 60 91 86 60
E-Mail: baden(at)kirchhoff.de
or visit www.unitedpower.de.com
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of United Power Technology AG. The shares have already been
sold.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of United
Power Technology AG (the 'Shares') have not been registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') and maynot be
offered or sold in the United States unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
End of Corporate News
---------------------------------------------------------------------
21.03.2012 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: oliver.kuan(at)unitedpower.cn;verena.rauch(at)kirchhoff.de
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
---------------------------------------------------------------------
161499 21.03.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2012 - 08:30 Uhr
Sprache: Deutsch
News-ID 126855
Anzahl Zeichen: 4879
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 268 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Preliminary figures 2011: United Power Technology achieves mark of EUR 100 million in revenues"
steht unter der journalistisch-redaktionellen Verantwortung von
United Power Technology AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
