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aleo solar AG

aleo solar AG confirms preliminary figures for 2007 and publishes annual report

Prenzlau/Oldenburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
With today's publication of its
2007 annual report, aleo solar AG has confirmed the preliminary 
figures already announced. Revenue rose by 86% to EUR 242.1 million 
(2006: EUR 130.4 million). In total, 34.5% of revenue was generated 
abroad (previous year: 15.5%). EBIT amounted to EUR 15.7 million 
(previous year: EUR 9.6 million). The EBIT margin remained solid at 
6.5%. Earnings per share totalled EUR 0.75 (2006: EUR 0.43). In 2007,
total production capacity was 100 megawatts. Since production 
facilities ran at full capacity for most of the year, the production 
of solar modules almost doubled from 47 megawatts in 2006 to 88 
megawatts in 2007. The number of employees in the Group rose to 555 
at year-end (previous year: 316).
It was an exciting year for Jakobus Smit, Chairman of the Management 
Board: "Solar sells: we kept our promise of economic success with a 
healthy increase in revenue and a solid EBIT margin."
The foundations for future growth were laid in 2007: Production 
capacity at the Company´s Prenzlau location is being expanded, 
meaning that the Group will have a total of 180 megawatts by the end 
of 2008. As a result, 1,000,000 solar modules could be produced per 
year going forward. "To give a comparison, we will be able to produce
as many solar modules in just one year in future as we produced in 
total between 2002 and 2007", said Smit. This capacity expansion is 
backed up by corresponding solar cell supply contracts: aleo solar AG
announced in March 2008 that it had signed a contract with Q-Cells AG
that guarantees at least 1,270 megawatt solar cells until the end of 
2019. This supply contract is the most extensive in the Company´s 
history to date.
The German market will continue its strong growth in 2008. aleo solar
AG is ideally positioned in the domestic market with its own 
production facilities and increasingly comprehensive sales network. 
In addition, it is active on the Southern European markets, in 
particular Spain, Italy and Greece. A number of market players put 
the European market volume at a minimum of EUR 20 billion by the end 
of 2010. To this must be added the emerging solar markets in Asia, in
particular in South Korea, Japan and China. In February 2008, aleo 
solar AG signed a joint venture agreement with listed company Sunvim 
Group Co. Ltd. to establish a solar module production facility in 
Gaomi, Shandong province, China. CEO Smit sees further growth 
potential here: "We are repeatedly finding that we can position 
ourselves as a strong strategic partner because we have two extremely
compelling arguments: our `made in Germany´ proposition and our 
strong `aleo´ brand. For us, Asia is the market of the long-term 
future. Industry experts are unanimous in expecting a market volume 
of at least EUR 8 billion by 2012 in South Korea, Japan and China. 
aleo solar AG will secure its share of this thanks to the joint 
venture."
aleo solar AG is expecting solar markets to continue to grow in 2008.
Uwe Bögershausen, aleo solar AG´s CFO, said: "We are reiterating our 
forecast for financial year 2008 and are expecting consolidated 
revenue of at least EUR 330 million. Around 40% of this figure will 
be generated abroad. What is more, the EBIT margin associated with 
these sales will remain solid." For 2009, aleo solar AG is expecting 
another increase in revenue to at least EUR 380 million.
end of announcement                               euro adhoc

Further inquiry note:

Franz Nieper / Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-77
E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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