aleo solar AG increases revenue by 76.9% in H1 2008 to EUR 159.4 million - earnings per share more than doubled to EUR 0.60

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companies

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
increased its revenue by 76.9% in the first half of 2008 to EUR 159.4
million (H1 2007: EUR 90.1 million). The proportion of international
revenue amounted to 59.0%. EBIT increased by 90.0% to EUR 11.4
million (H1 2007: EUR 6.0 million), lifting the EBIT margin by 0.4
percentage points to 7.1% (H1 2007: 6.7%). Earnings per share more
than doubled to EUR 0.60 (H1 2007: EUR 0.27). Production output rose
to 60.7 megawatts, an increase of 58.9%.

Business in Germany continued to develop positively, with revenue
growing 10.3% to EUR 65.4 million (H1 2007: EUR 59.3 million).
International growth in the first half was extremely dynamic: 59.0%
of revenue was generated abroad in the first six months of 2008.
However, the Management Board expects that business in Spain will
cool off temporarily. At the same time, aleo's business in Italy,
Greece, Belgium and France is growing, while initial solar modules
are also being supplied to countries such as Bulgaria and the Czech
Republic. aleo solar AG's Management Board is reiterating its
forecast that international revenue will account for around 40% of
the Company's total revenue for full-year 2008. In addition, the
passing of the new Erneuerbare-Energien-Gesetz (EEG - German
Renewable Energy Act) has led to clarity in Germany, and thus to
planning security being achieved at an early stage as from 2009.

The Annual General Meeting of aleo solar AG was held on 24 June 2008
at the Park Hotel in Bremen, Germany. 99.2% of the votes represented
opted to use the net retained profits to expand the Company's
capacity in Prenzlau, Santa Maria de Palautordera (Spain) and Gaomi
(China). "Our strategy is paying off.", said Jakobus Smit, CEO of
aleo solar AG, "The shareholders in attendance approved the
establishment of more production capacity for more modules in more
countries." Total production capacity of 180 megawatts will be
available by the end of 2008 (end of 2007: 100 megawatts).

The Company is reiterating its forecast for the year of revenue of at
least EUR 330 million and a continued solid EBIT margin.

end of announcement euro adhoc
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Franz Nieper / Jasmin Michaelis

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
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