Hoppecke’s revenues grow by nearly 25 per cent

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26.

May

2017.

Hoppecke’s revenues grow by nearly 25 per cent

P R E S S R E L E A S E

Ref: PRHP124
Date: 26 May 2017

Hoppecke's revenues grow by nearly 25 per cent

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Newcastle-under-Lyme's Hoppecke Industrial Batteries - theleading specialist in industrial battery systems and the largest battery manufacturer in European ownership - has seen revenues for the 2016-17 financial year grow by nearly 25 per cent.

At the same time, a major overhaul and restructure that took place at the Wolstanton-based company in the previous financial year has led to a significant improvement in performance across all areas of the business.

Hoppecke's impressive growth significantly outstripped the UK market's continued expansion across all energy-related sectors in 2015-16. The company's success was down to a strategy of focusing on pre-sales and after-sales services to support the sales and marketing of Hoppecke's high-quality products. At the same time, there was a notable improvement in the company's order backlog and Hoppecke was able to take advantage of the current and predicted market dynamics to continue its significant growth potential in the energy storage market.

Against the backdrop of exchange rate volatility as the UK negotiates its way out of the European Union, Hoppecke plans to continue to improve its market share and boost revenues in the coming years thanks to the development of a multi-technology and multi-solution based offering to OEMs and end-users.

All four main business areas within Hoppecke have seen impressive growth - service, motive power, special power and reserve power. As well as significant revenue growth, the service sector benefited from improved customer service in terms of response times and ‘first time fix' and many long-term supply agreements were entered into.

Hoppecke's special power revenues were also up significantly and there are now excellent opportunities for future sales and service, with expected growth coming from further electrification of railway lines and new rolling stock. Reserve power also delivered good news for Hoppecke in terms of market share and there is a sharp focus for the coming years to capitalise on this growing market.

Says Jason Howlett, Hoppecke's Regional Managing Director - Northern Europe: "Our new management structure has focused on sales and cost savings which has resulted in vastly improved results for us in 2016-17. This also positions the business very well to take advantage of projected market growth in all areas during 2017-18 with our excellent products, sound management structure and dedicated workforce."

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Hoppecke Industrial Batteries has seen revenues for 2016-17 grow by nearly 25 per cent

About Hoppecke Industrial Batteries

Hoppecke is the leading specialist for industrial battery systems and at the same time the largest battery manufacturer in European ownership. Hoppecke offers to its customers around the world concepts for efficient and reliable power supply for every industrial application. A leading exponent of environmental care for 90 years, Hoppecke offers solutions for a variety of industries including motive power, reserve power for IT/telecoms, power stations, solar energy and UPS, special power for rail and underground. Hoppecke's UK operation is based in Newcastle-Under-Lyme in the Midlands and the parent company has customers and business partners in many countries around the world, including Europe, the USA and China.

Media contact:

Rory Baxter

Changeworks Communications

T: 01785 247588

E:rbaxter@changeworkscom.co.uk

Company contact:

Jason Howlett

Hoppecke Industrial Batteries Ltd

Unit 2 Lowfield Drive

Centre 500

Wolstanton

Newcastle-under-Lyme