aleo solar AG

EANS-News: aleo solar AG
aleo solar AG announces substantial decline in revenue and earnings in the first nine months of 2012


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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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9-month report


Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634) today
announced that it generated revenue of EUR 222.4 million in the first nine
months of 2012. This means that aleo solar's revenue decreased by 35.4 percent
compared with the first nine months of 2011 (EUR 344.6 million). Earnings before
interest and taxes (EBIT) came in at EUR -51.5 million (EUR 7.4 million), and
the EBIT margin was -23.2 percent (2.2 percent).

Earnings per share amounted to EUR -4.88 (EUR 0.37); production output rose to
258.2 megawatts (246.2 MW). aleo solar AG generated 58.7 percent of its revenue
outside of Germany (53.3 percent).  

"Our earnings are being depressed by weak markets, the continued erosion of
prices and one-time effects," said York zu Putlitz, CEO and CFO of aleo solar
AG. In response to the generally sombre business environment, aleo solar AG
recognised an impairment loss on assets in the amount of EUR 12.9 million. This
is compounded by a valuation allowance of EUR 11.3 million due to the decision
to terminate the avim solar production Co. Ltd. joint venture. 

For the remainder of the year, aleo solar AG expects demand to continue its weak
trend, both for its domestic business and on the international markets. The
general conditions for investment in photovoltaic systems have deteriorated in
almost all core markets, with feed-in tariffs falling very drastically in some
cases. As already announced in October 2012, aleo solar AG expects consolidated
revenue to drop considerably to around EUR 280 million and its consolidated loss
to increase further for the 2012 financial year.


Further inquiry note:
Hermann Iding
Corporate Communications
Tel.:   +49 (0)441-21988-390
E-Mail:  Invest@aleo-solar.de

end of announcement                               euro adhoc 
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company:     aleo solar AG
             Marius-Eriksen-Straße 1
             D-17291 Prenzlau
phone:       +49(0)441 21988-0
FAX:         +49 (0)441 21988-690
mail:     invest@aleo-solar.de
WWW:      http://www.aleo-solar.de
sector:      Alternative energy
ISIN:        DE000A0JM634
indexes:     CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             regulated dealing/prime standard: Frankfurt 
language:   English
 

 

 



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