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EANS-News: aleo solar Corporate News: aleo solar AG increases annual revenue in 2009 to EUR 375 million

Prenzlau/Oldenburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
aleo solar AG today announced that
according to preliminary calculations, the company generated revenue 
of EUR 375 million in 2009. After a slow first six months, business 
picked up considerably from July, leading to a EUR 15 million 
year-on-year increase in revenue. Heiner Willers, member of the 
Management Board and COO of aleo solar AG, is very satisfied with 
this result: "Though 2009 was a challenging year for the photovoltaic
industry, we performed extremely well," he said. "The loss of the 
Spanish photovoltaic market and the negative effects of the financial
crisis led to an unprecedented decline in prices in the solar 
industry. Nonetheless, we significantly increased the sales volume of
aleo modules and generated revenue that was 4 percent higher than the
year before - and we continue to grow." Jakobus Smit, CEO of aleo 
solar AG, commented, "The key to this achievement is aleo solar AG´s 
strategic orientation as a premium module manufacturer with a focus 
on specialist dealers and installers in Europe. We delivered around 
148 megawatts´ worth of aleo modules this year, 45 percent more than 
the previous year." In Europe, the company´s customer base expanded 
to over 1.000 specialist partners. Foreign sales account for around 
25 percent of aleo solar AG´s revenue. The positive trend continues 
for the aleo solar Group. "We already have frame contracts in place 
for over 60 megawatts from German customers alone for 2010. The 9 
percent reduction in the feed-in tariff in 2010 will not equate to a 
decline in demand because the entire photovoltaic industry 
understands that in a buyer´s market, investors' expectations 
regarding return on investment must be met," summed up CFO Uwe 
Bögershausen. The complete revenue and earnings figures for the 2009 
financial year will be published on March 25, 2010.
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, Technology 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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