EANS-News: aleo solar Corporate News: aleo solar AG´s business picks up strongly in Q2

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

companies

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
generated revenue of EUR 118.1 million in the first six months of
2009 (H1/2008: EUR 159.4 million). The positive EBIT of EUR 2.6
million in the second quarter shows that the company has reached a
turning point. At EUR -2.2 million (EUR 11.4 million), EBIT in the
first six months reflected non-recurring inventory remeasurement
losses of around EUR 5 million. Without these one-time losses, aleo
solar would have been profitable again, thus underscoring its
flexible cost structures. Earnings per share were EUR -0.27 (EUR
0.60). Production output totalled 38.6 megawatts (60.7 megawatts).

"Deliveries picked up significantly in the course of the first six
months," said Uwe Bögershausen, member of the Management Board and
CFO of aleo solar AG. "Although the first quarter fell behind the
figures for the previous year, in the second quarter we were able to
significantly exceed the previous quarter (25.6 megawatts), at 31.5
megawatts. We are gaining market share in a highly competitive but
intact market. Our strengths in sales and marketing are paying off in
this buyer´s market."

aleo solar AG is aiming for organic growth and is convinced that it
will reach its planned sales targets. However, it is very difficult
at the moment to predict the revenue that this volume target will
achieve at the end of 2009 on account of the continuing price
erosion. The company can manage gross profit well because cell prices
- the most important cost factor - are also falling. 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 in the
second half of the year, the company is anticipating a relatively
solid EBIT margin. aleo solar AG is aiming for further organic growth
in 2010. However, it will only set concrete goals in the course of
the second half of 2009.

The aleo solar Group will continue its focus on internationalisation.
The company will generate around half of its revenue outside Germany
by the end of next year. It has established a subsidiary, aleo solar
North America Inc., to accelerate its business in North America and
to significantly expand sales activities there.

Subsequent to the reporting period, aleo solar AG´s Management Board
announced that certain core shareholders, who together hold almost
40% of the company´s share capital, had signed agreements with Robert
Bosch GmbH regarding the sale of their shares. The selling
shareholders comprise a group of investors around Marius Eriksen, the
company´s initiator and co-founder, as well as a related company of
HANNOVER Finanz, a financial investor that has been invested in aleo
solar since 2005. Bosch intends to submit a suitable voluntary public
takeover offer to the shareholders of aleo solar AG with the aim of
acquiring the latter's remaining shares in connection with its
acquisition of close to 40 percent of the shares of aleo solar AG.
This transaction is subject to the formal conditions of approval by
the antitrust authorities and that the minimum acquisition threshold,
expected to be 75% (which will be defined in the voluntary public
takeover offer), is reached.

end of announcement euro adhoc
--------------------------------------------------------------------------------

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
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade