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aleo solar AG

EANS-News: aleo solar AG
aleo solar AG lifts revenue in the first six months of 2010 to EUR 277 million

Prenzlau/Oldenburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report
aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 277.0 million in the
first six months of 2010. This means that aleo solar's revenue 
increased by 134.5% compared with the first six months of 2009 (EUR 
118.1 million). Earnings before interest and taxes (EBIT) amounted to
EUR 29.3 million and the earnings per share were EUR 1.68 (EUR 
-0.27).
"We benefitted from extraordinary demand, as was the case in the 
first quarter of the year," said York zu Putlitz, CEO and CFO of aleo
solar AG. "The amendment of the German Renewable Energy Act led to 
pull-forward effects." aleo solar AG also posted revenue growth 
outside Germany, with revenue on the international photovoltaic 
markets rising to EUR 49.4 million in the first six months of 2010 
(EUR 31.1 million). This puts the proportion of revenue generated 
abroad at 17.8%.
The production volume in the first half of this year was 132.8 
megawatts (38.6 MW). "Actual production thus exceeds our nominal 
annual capacity of 250 MW," underlines zu Putlitz. "Our three plants 
have responded flexibly to the growth in demand and optimised their 
manufacturing process." The plants also produce around the clock in 
several shifts.
Germany´s photovoltaic market is expected to become steadier as the 
year progresses. Strong demand is also being recorded in the other 
European core markets, which means that aleo solar AG will be able to
cater better to the international markets in the second half of the 
year.
aleo solar AG confirms its expectations for 2010: Revenue will come 
to at least EUR 480 million, and aleo solar's aim is to achieve a 
solid EBIT margin. The company intends to progressively lift the 
proportion of revenue generated abroad. aleo solar AG will only set 
itself concrete goals for 2011 in the course of 2010, so as to be 
able to take general developments into account.
end of announcement                               euro adhoc

Further inquiry note:

York zu Putlitz
CEO/CFO
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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Plus de actualités: aleo solar AG