Last €1.81 EUR
Change Today +0.006 / 0.33%
Volume 2.0K
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As of 1:56 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

united power technology ag (UP7) Snapshot

Open
€1.82
Previous Close
€1.81
Day High
€1.85
Day Low
€1.76
52 Week High
04/4/14 - €3.18
52 Week Low
01/23/15 - €1.00
Market Cap
22.3M
Average Volume 10 Days
3.0K
EPS TTM
€0.52
Shares Outstanding
12.3M
EX-Date
08/21/14
P/E TM
3.5x
Dividend
€0.08
Dividend Yield
4.42%
Current Stock Chart for UNITED POWER TECHNOLOGY AG (UP7)

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united power technology ag (UP7) Details

United Power Technology AG, together with its subsidiaries, designs, develops, manufactures, and sells engine-driven power equipment. Its products include portable residential and commercial gasoline and diesel generators, and residential inverter generators; industrial equipment, such as gasoline and diesel water pumps; landscaping machinery, which include gasoline and diesel pressure washers; gasoline, diesel, and V-twin gasoline engines; and parts, such as rotators, pistons, fuel tanks, crankcases and crankcase covers, silicon-steel sheets, panels, mufflers, and other products. The company serves gardening/DIY, camping, power outage/waterflow, construction/professional, and outdoor markets. It sells its products through specialized dealers, wholesalers, and retailers, as well as directly primarily in China, North America, and Europe. The company was founded in 2010 and is headquartered in Eschborn, Germany.

608 Employees
Last Reported Date: 11/14/14
Founded in 2010

united power technology ag (UP7) Top Compensated Officers

Co-founder, Chairman of the Management Board ...
Total Annual Compensation: €80.0K
Co-founder, Deputy Chairman of the Management...
Total Annual Compensation: €80.0K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €121.0K
Compensation as of Fiscal Year 2013.

united power technology ag (UP7) Key Developments

United Power Technology AG Presents at 4th Annual Berenberg 1 - 1 Symposium @ German Equity Forum, Nov-26-2014

United Power Technology AG Presents at 4th Annual Berenberg 1 - 1 Symposium @ German Equity Forum, Nov-26-2014 . Venue: Maritim Hotel, Theodor-Heuss-Allee 3, 60486 Frankfurt am Main, Germany.

United Power Technology AG Announces Earnings Results for the Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014

United Power Technology AG announced consolidated earnings results for the nine months ended September 30, 2014. For the quarter, the company reported revenues of €23.89 million compared with €28.08 million for the same period a year ago. Profit from operations was €3.76 million compared with €3.85 million for the same period a year ago. Profit before taxes was €3.56 million compared with €3.97 million for the same period a year ago. Profit for the period attributable to owners of the company was €2.99 million or €0.24 per share compared with €3.32 million or €0.27 per share for the same period a year ago. The company reported a decrease in revenues of 8.6% to €77.1 million in the first nine months 2014 compared with €84.3 million for the same period a year ago. The result was expected due to the on-going industry consolidation process in China and accompanying price competition in the domestic market and is in line with the previous given guidance of the company. EBIT fell by 19.8% to €10.9 million in the first nine months 2014 compared with €13.6 million for the same period a year ago. The groups profit declined by 30.6 per cent to €8.1 million or €0.66 per share compared with €11.6 million or €0.95 per share for the same period a year ago. Profit before tax was €10.57 million compared with €13.83 million for the same period a year ago. The revenue decline has to be seen in the context of a continued challenging industry environment which started to significantly affect its in the second half 2013. This weakness is due to a variety of factors including a period of intense price competition in its domestic market, which the company believes is temporary and related to continuous consolidation in its industry in China, the quiet hurricane season as well as weaker than expected global growth. Cash generated from operating activities was €14.87 million compared with €15.51 million for the same period a year ago. Profit for the period attributable to owners of the company was €8.08 million compared with €11.74 million for the same period a year ago. Payments for acquisition of property, plant and equipment was €16.50 million compared with €7.64 million for the same period a year ago. Altogether, United Power confirms the previously given guidance for 2014. United Power expects a decline in revenues possibly exceeding the decrease of 5.5 percentage points recorded in the first half of 2014. As far as profitability is concerned United Power expects a decline in gross profit and of the EBIT margin of a similar magnitude as in the first half-year of 2014.

United Power Technology AG Reaches Final Stages of Completing the Buildings of the Phase 3 Expansion of its Production Site in Gaoqi Industrial Park

United Power Technology AG has reached the final stages of completing the buildings of the phase 3 expansion of its production site in Gaoqi Industrial Park. In total the company will add four new four-story factory buildings with a total usable factory space of more than 45,000 sqm and one new dormitory to the current factory space. The new buildings are intended to be equipped with modern production lines, which will further increase the efficiency and the production capacities of United Power. The completion of the buildings of the third phase expansion phase is scheduled according to plan for November 2014. The expansion of the production site in Gaoqi Industrial Park is part of an investment plan that was decided on in 2012 but had to be postponed due to adverse market conditions in the industry for engine-driven power equipment. The total investment budget for the expansion project amounts to about EUR 36 million in 2014, of which 90% are designated for the property and the equipment. However, due to the currently on-going difficult market environment, United Power will not fully utilize the entire budget. The investments will likely not exceed EUR 19 million this year as United Power carefully monitors the market environment to decide on the timing for investments into the new production lines. However, in the meantime, given the prime location of the production facilities in Gaoqi Industrial Park, not utilized factory space may be rented to third-party companies providing an attractive additional income stream. The first production lines will start the operations during the year of 2015. The project lays the foundation for United Power's further pursuit of its three-pronged strategy for future growth. Thereby, United Power focuses on scaling up product sizes and generators with higher output and larger engine sizes. Furthermore, it aims at a broadened range of different engine-powered products and on geographic expansion as well as penetration by further diversifying its international customer base and by strengthening its brand in new markets. In addition, the Management Board has also devised regional sales strategies and implemented different measures to support its sales forces. Although the market environment currently continues to be difficult, there remain to be good growth prospects in other new growth regions, particularly in markets such as Latin America and Southeast-Asia, which United Power aims to take advantage of. Furthermore, the Management Board expects the consolidation process of the industry in China as well as the conflict in Russia, both mainly responsible for the decrease in revenues, to be of a timely limited nature. Therefore the expanded production site will serve as an ideal platform for an upswing in the industry and provide United Power with a strong market position.

 

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