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aleo solar AG

EANS-News: aleo solar AG
aleo solar AG reports strong business in first quarter 2010

Prenzlau/Oldenburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report/3-month report
aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 96.5 million in the 
first three months of 2010. This was a 215% increase compared to the 
same period last year (EUR 30.6 million). Earnings before interest 
and taxes (EBIT) amounted to EUR 11.5 million and earnings per share 
were EUR 0.64 (EUR -0.43).
"We expect the second quarter to be just as strong," said York zu 
Putlitz, CEO and CFO of aleo solar AG. "Since the amendment to the 
German Renewable Energy Sources Act calls for an additional stage of 
degression as of 1 July 2010, we expect demand to remain high in 
Germany due to the pull-forward effects triggered by this." The 
international photovoltaic market is expected to pick up in the 
second half of the year.
aleo solar's production volume in the first quarter of this year was 
60.1 megawatts (MW) (prior-year quarter: 11.3 MW). Full capacity 
production is possible because the company has optimised its 
production processes and manufactures around the clock in several 
shifts. "Premium modules manufactured using sophisticated technology 
and our own sales force give us a decisive competitive edge," Putlitz
said. "With our sales network of more than 1,000 specialist dealers 
and installers and our `aleo´ brand, which has made a name for itself
in the premium sector, we are well equipped to face the increased 
competition expected in the photovoltaic market."
aleo solar AG therefore confirms its guidance for 2010: Revenue will 
come to at least EUR 420 million, and aleo solar's aim is to achieve 
a comparatively solid EBIT margin. The company intends to 
progressively lift the proportion of revenue generated abroad. aleo 
solar expects to remain on a growth path in 2011. However, the 
company will only set itself concrete goals in the course of 2010, so
as to be able to take general developments into account.
end of announcement                               euro adhoc

Further inquiry note:

York zu Putlitz
CEO/CFO
Tel.: +49 (0)441-21988-770
E-Mail: Invest@aleo-solar.de

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

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Plus de actualités: aleo solar AG