EANS-News: aleo solar Corporate News: aleo solar AG increases annual revenue in 2009 to EUR 375 million

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Company Information

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that
according to preliminary calculations, the company generated revenue
of EUR 375 million in 2009. After a slow first six months, business
picked up considerably from July, leading to a EUR 15 million
year-on-year increase in revenue. Heiner Willers, member of the
Management Board and COO of aleo solar AG, is very satisfied with
this result: "Though 2009 was a challenging year for the photovoltaic
industry, we performed extremely well," he said. "The loss of the
Spanish photovoltaic market and the negative effects of the financial
crisis led to an unprecedented decline in prices in the solar
industry. Nonetheless, we significantly increased the sales volume of
aleo modules and generated revenue that was 4 percent higher than the
year before - and we continue to grow." Jakobus Smit, CEO of aleo
solar AG, commented, "The key to this achievement is aleo solar AG´s
strategic orientation as a premium module manufacturer with a focus
on specialist dealers and installers in Europe. We delivered around
148 megawatts´ worth of aleo modules this year, 45 percent more than
the previous year." In Europe, the company´s customer base expanded
to over 1.000 specialist partners. Foreign sales account for around
25 percent of aleo solar AG´s revenue. The positive trend continues
for the aleo solar Group. "We already have frame contracts in place
for over 60 megawatts from German customers alone for 2010. The 9
percent reduction in the feed-in tariff in 2010 will not equate to a
decline in demand because the entire photovoltaic industry
understands that in a buyer´s market, investors' expectations
regarding return on investment must be met," summed up CFO Uwe
Bögershausen. The complete revenue and earnings figures for the 2009
financial year will be published on March 25, 2010.

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, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
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