aleo solar AG

aleo solar AG surpasses annual sales target of EUR 330 million

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Prenzlau/Oldenburg (euro adhoc) - 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.

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

Branche: Alternative energy
ISIN:      DE000A0JM634
WKN:        A0JM63
Index:    CDAX, Prime All Share, Technologie All Share
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