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aleo solar AG

aleo solar AG surpasses annual sales target of EUR 330 million

Prenzlau/Oldenburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
aleo solar AG today announced that
it already has surpassed its sales target of EUR 330 million for the 
year. The targeted foreign share of 40 percent in total sales will 
also be exceeded. Sales go hand in hand with a solid EBIT margin.
Heiner Willers, member of aleo solar's Management Board, is in a 
confident mood: "Business will be brisk until the close of the year. 
And we are already in a position to forecast that this trend is 
likely to continue in 2009 even though the larger degression in the 
feed-in tariff, which is scheduled to kick in at the turn of the 
year, will be a challenge for all market participants in Germany. On 
the other hand, the fact that utility companies recently raised their
prices for electricity to a considerable extent will help to bring 
about so-called grid parity — i.e. self-generated electricity is not 
more or less expensive than electricity purchased from a utility 
company — in our domestic market sooner rather than later."
Germany will remain the world leader in photovoltaics in terms of 
newly installed output per annum yet international demand for PV 
remains strong as well. "Italy, Belgium, France, Greece, and the 
Czech Republic are developing very well," says Jakobus Smit, Chairman
of aleo solar's Management Board. "We succeeded in compensating for 
the expected downturn in the Spanish market thanks to our strategy of
focusing on the European rooftop systems business which, in our view,
has tremendous potential." aleo solar AG was well advised to expand 
its production capacities from 100 to 250 megawatts and thus is well 
equipped to handle growth in the coming years.
end of announcement                               euro adhoc

Further inquiry note:

Franz Nieper
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-770
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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