EANS-News: aleo solar AG´s business picks up strongly in Q3

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9-month report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG
(ISIN: DE000A0JM634) generated revenue of EUR 220.8 million in
the first nine months of 2009 (January to September 2008:
EUR 256.2 million). The positive EBIT of EUR 0.3 million confirms
the trend reversal that the company achieved in the second
quarter. EBIT includes impairment losses on inventories of
finished goods amounting to around EUR 10 million and thus
underscores aleo solar AG´s flexible cost structures. Earnings
per share were EUR -0.15 (EUR 0.94). Production output totalled
78.4 megawatts (95.8 megawatts). "Deliveries picked up significantly
in the course of the year," said Uwe Bögershausen, member of
the Management Board and CFO of aleo solar AG. "At just under 83
megawatts, deliveries of aleo modules are up 12% on the
prior-year figures. The trend reversal is proving to be sustainable
because our high order backlog stretches into the first quarter of
the coming year." aleo solar AG is convinced that it will reach
its planned sales targets. Although solar module prices have
probably bottomed out for this year, it is very difficult at the
moment to predict the revenue that this volume target will
achieve at the end of 2009. 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, the company is confident of
achieving a relatively solid EBIT margin. However, if general
market conditions remain strained or deteriorate further, aleo
solar AG will also be adversely affected by these developments. aleo
solar AG is aiming for further organic growth in 2010. The aleo
solar Group will continue its focus on internationalisation and will
generate around half of its revenue outside Germany in the medium
term.

The Company aleo solar AG produces and sells solar modules using
silicon cells. It also provides whole solar systems to the global
photovoltaic market. The company was founded in 2001 and has been
listed in the Frankfurt Stock Exchange´s Prime Standard since
2006 (DE000A0JM634). The aleo solar Group currently employs 748
staff. Its manufacturing facilities in Prenzlau (Germany) and
two more production sites in Spain and China have an annual
capacity of 250 megawatts. The company generated revenue of EUR
360.5 million in 2008.

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

Head of 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