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aleo solar AG

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

Prenzlau/Oldenburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
9-month report
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.
end of announcement                               euro adhoc

Further inquiry note:

Franz Nieper
Head of 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: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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