aleo solar AG

EANS-News: aleo solar AG´s business picks up strongly in Q3

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9-month report

Prenzlau/Oldenburg (euro adhoc) - aleo  solar  AG   (ISIN: DE000A0JM634) generated revenue of  EUR 220.8  million  in   the  first  nine  months  of  2009 (January to September 2008: EUR 256.2 million). The  positive  EBIT  of  EUR 0.3 million confirms the trend reversal that the  company  achieved  in  the  second quarter. EBIT includes  impairment  losses  on  inventories  of   finished  goods amounting to  around  EUR 10  million  and  thus   underscores  aleo  solar  AG´s flexible  cost  structures.  Earnings per  share  were  EUR -0.15    (EUR 0.94). Production output totalled 78.4 megawatts (95.8 megawatts). "Deliveries picked up significantly in  the  course  of  the  year,"  said  Uwe Bögershausen, member of the Management Board and CFO of aleo solar AG. "At  just under 83 megawatts, deliveries of aleo modules are  up  12%  on  the   prior-year figures. The trend reversal is proving to be sustainable because our high  order backlog stretches into the first quarter of the coming year." aleo solar AG is convinced  that  it  will  reach   its  planned  sales  targets. Although solar module prices have probably bottomed out for  this  year,  it  is very difficult at the moment to predict the  revenue  that  this  volume  target will achieve at the end of 2009. Against the backdrop of the  financial   crisis, concrete  earnings  forecasts  continue  to  depend  to  a     large    extent    on macroeconomic developments. If, as some  experts expect,  conditions  gradually improve, the company is confident of achieving a relatively solid  EBIT  margin. However, if general market conditions remain strained  or  deteriorate  further, aleo solar AG will also be adversely affected by these developments. aleo solar AG is aiming for further organic  growth  in  2010.  The  aleo solar Group will continue its focus on internationalisation and will generate  around half of its revenue outside Germany in the medium term.

The Company aleo solar AG produces and sells solar modules  using   silicon  cells.  It  also provides whole solar systems to the global photovoltaic market. The company  was founded in 2001 and has been listed in  the  Frankfurt  Stock  Exchange´s  Prime Standard since 2006 (DE000A0JM634). The aleo solar Group currently  employs  748 staff.  Its  manufacturing  facilities  in  Prenzlau  (Germany)  and two    more production sites in Spain and China have an annual capacity  of  250  megawatts. The company generated revenue of EUR 360.5 million in 2008.

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ots Originaltext: aleo solar AG
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Further inquiry note:
Franz Nieper
Head of 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
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: aleo solar AG

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