United Power Technology AG Reports Earnings Results for the Year 2015; Provides Earnings Guidance for 2016
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.