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aleo solar AG

EANS-News: aleo solar AG
aleo solar AG confirms preliminary figures for 2008 and publishes annual report

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 published its
2008 annual report, which confirms the preliminary figures announced 
earlier. Revenue was up almost 50 percent to EUR 360.5 million 
(previous year: EUR 242.1 million). The share of revenue generated 
abroad was 49.3 percent (34.5 percent). EBIT increased by more than 
50 percent to EUR 23.8 million (EUR 15.7 million). aleo solar AG 
improved its already solid EBIT margin slightly, from 6.5 percent to 
6.6 percent. Earnings per share were EUR 1.20 (EUR 0.75). Production 
at aleo solar's manufacturing sites ran at full capacity almost the 
entire year. As a result, the production of solar modules was 
increased from 88 megawatts in 2007 to 129 megawatts in 2008. The 
number of employees in the Group at year's end grew to 798 (555).
Jakobus Smit, CEO of aleo solar AG, is highly pleased with the 
results for the 2008 financial year: "We have achieved all of the 
goals that we set ourselves for 2008. Examples include the 
construction of an almost fully automated new production line in our 
main factory at Prenzlau and the completion of a modern high-bay 
warehouse. We are also nearing completion in our group-wide 
investments in capacity expansion. This will provide us with a 
production capacity of 250 megawatts from early summer this year." 
Overall, Smit points to two significant emergent trends: "Firstly, 
our predictions were borne out by the events of 2008: the 
photovoltaic market has finally become a buyer's market. Here, the 
financial crisis has acted as a catalyst. Secondly, we can also 
recognize a Europe-wide trend towards a rooftop installation market. 
Changes in feed-in regulations in Spain mean that this country will 
also be subsidizing photovoltaic rooftop installations to a greater 
extent than solar farms. Spain is thus following in the footsteps of 
countries such as Germany, Italy, France and Belgium. We believe we 
are ideally positioned to meet these trends with our strong brand, 
our own sales team across Europe and our specialist dealer network 
(aleo power network)."
aleo solar AG is anticipating further growth in 2009. Uwe 
Bögershausen, CFO of aleo solar AG, said: "The target has been set 
for 2009: we want to boost consolidated revenue to at least EUR 380 
million."
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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