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

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Prenzlau/Oldenburg (euro adhoc) - 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
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

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
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