EANS-News: aleo solar AG / aleo solar AG increases revenue in the first nine months of 2010 to EUR 412 million and raises revenue forecast

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quarterly report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 412.1 million in the
first nine months of 2010. This means that aleo solar's revenue
increased by 86.6% compared with the first nine months of 2009 (EUR
220.8 million). Earnings before interest and taxes (EBIT) amounted to
EUR 40.3 million (previous year: EUR 0.3 million) and the earnings
per share were EUR 2.29 (previous year: EUR -0.15). Total production
volume amounted to 187.4 megawatts (previous year: 78.4 MW).

"While the first six months of the year were dominated by
pull-forward effects caused by the amendment of the
Erneuerbare-Energien-Gesetz (German Renewable Energy Act - EEG) and
correspondingly high revenue in our domestic market, in the third
quarter over half of our revenue was generated outside Germany", said
York zu Putlitz, Chief Executive Officer and Chief Financial Officer
of aleo solar AG. "In view of the positive development of business in
our European core markets, we are raising our 2010 revenue forecast
to at least EUR 500 million, with a very solid EBIT margin." aleo
solar AG had already raised its forecast for the current year once in
July, when the Company announced that it anticipated revenue of at
least EUR 480 million for the year as a whole instead of the EUR 420
million predicted previously.

Outside Germany, aleo solar AG recorded strong business in the first
nine months of 2010, especially in the Mediterranean countries.
Revenue in Italy almost doubled to EUR 61.4 million, while revenue in
France increased more than tenfold to EUR 25.7 million. In Greece,
revenue nearly tripled to EUR 14.4 million. During the first nine
months of 2010, 28.8% of revenue was generated outside Germany and
around 30% of revenue for the year as a whole is expected to be
generated abroad.

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

Further inquiry note:

York zu Putlitz

CEO/CFO

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
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade