United Power Technology AG reported earnings results for the year 2015. The company reported positive revenue and earnings development for the 2015 fiscal year despite the on-going consolidation in its industry. Thus, United Power achieved a revenue growth in the reporting period of 19.0% to a total of €113.8 million against 2014 of €95.6 million. The main reason for this increase was a favorable EUR/RMB exchange rate as well as a somewhat increased demand in some of the new emerging markets and in the domestic market in China as well as in North America. In terms of RMB, the Group's revenue increased year-on-year by 1%. EBIT was improved by 18.8% to €10.8 million against 2014 of €9.1 million. At the same time, the EBIT margin stabilized at 9.5%. Conclusively, United Power achieved a profit for the period of €7.1 million against 2014 of €5.4 million.

Despite these positive signs the management expects 2016 to by and large remain a transition period with further consolidation in the industry. Against this background the management will try to utilize this process and plans to play an active role in the Chinese M&A market. At the same time, the company will continue its three-pronged strategy and significantly increase its budgets for sales and distribution as well as research and development. For the 2016 fiscal year United Power thus expects to increase its revenue by a low single-digit percentage in EUR terms, while the EBIT margin is expected to remain stable compared to the previous fiscal year.