United Power Technology AG Provides Earnings Guidance for the First Six Months of 2016 and Revises Earnings Guidance for the Full Year 2016
In the light of the on-going challenging business development, which is expected to continue, the company revised 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% points and the EBIT margin to decline by up to 9% 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.