aleo solar AG

aleo solar AG raises revenue forecast for 2008 - Market launch for the aleo T_50 thin film modules in 2008

EUR 250 million to EUR 270 million in revenue targeted for 2008 ┬ľ with a solid EBIT margin

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634) is raising its forecast for 2008: instead of the previous EUR 240 million revenue target, the Company is now expecting organic growth to between EUR 250 million and EUR 270 million in revenue while its EBIT margin will remain solid. Revenue generated abroad is expected to amount to approximately 35%, and the goal of generating 50% of revenue until the end of 2010 abroad is being reiterated.

The raised forecast is based on the sustained high demand for solar modules and existing supply contracts for solar cells. Revenue generated from thin film modules is not included in the forecast. The market launch of aleo┬┤s T_50 module, which is based on an innovative thin film technology, is slated for 2008. However, plans to present a prototype in September at the 22nd European Photovoltaic Solar Energy Conference and Exhibition in Milan have been postponed. "The aleo premium brand stands for high power yields and excellent quality. We want to unveil a fully functional, highly efficient module - this requires time", explained Jakobus Smit, CEO of aleo solar AG.

The innovative thin film technology is being applied on an industrial scale for the first time by aleo solar┬┤s cooperation partner Johanna Solar Technology GmbH. Production and the production process are currently being optimised with the help of the South African inventor of this technology, Professor Vivian Alberts, in Brandenburg/Havel. Jeroen Haberland, Johanna Solar Technology┬┤s Managing Director: "This is a unique and complex development process that does not always progress evenly, especially at the beginning."

aleo solar is Johanna Solar Technology┬┤s distribution partner and will market the thin film module under the aleo brand name. This cooperation is set to last for at least five years.

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ots Originaltext: aleo solar AG
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Further inquiry note:
Franz Nieper or Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.:      +49 441-21988-77

Branche: Alternative energy
ISIN:      DE000A0JM634
WKN:        A0JM63
Index:    CDAX, Technologie All Share, Prime All Share
B├Ârsen:  B├Ârse Frankfurt / official dealing/prime standard
              B├Ârse Berlin / free trade
              B├Ârse Hamburg / free trade
              B├Ârse Stuttgart / free trade
              B├Ârse D├╝sseldorf / free trade
              B├Ârse M├╝nchen / free trade

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