EANS-News: aleo solar AG / aleo solar AG boosts international revenue in the first nine months of 2011 and reduces revenue forecast

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

9-month report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 344.6 million in the
first nine months of 2011. This means that aleo solar's revenue
decreased by 16.4% compared with the first nine months of 2010 (EUR
412.1 million). Earnings before interest and taxes (EBIT) came in at
EUR 7.4 million (EUR 40.3 million), and the EBIT margin was 2.2
percent (9.8 percent). Earnings per share amounted to EUR 0.37 (EUR
2.29); production volume rose to 246.2 megawatts (204.8 MW).

"The strong drop in module prices has depressed both revenue and
earnings," said York zu Putlitz, CEO and CFO of aleo solar AG.
"Demand in Germany was considerably weaker than in 2010, which was a
record year. But we managed to generate growth in our international
markets: Revenue increased more than fourfold in Belgium, nearly
doubled in Greece and rose substantially in Italy and France."
Overall, international revenue rose from EUR 118.6 million in the
first three quarters of 2010 to EUR 183.5 million in the same period
in 2011. This substantial 54.7% increase underlines the success of
aleo solar´s internationalisation strategy. The share of revenue
generated abroad was 53.3 percent.

Demand in the third quarter in particular was far weaker than
expected. To avoid building up excessive inventories, aleo solar AG
has scaled down production and discontinued employing temporary
workers in early November. Because demand in the third quarter
remained restrained and prices continue to drop massively as a result
of global excess capacities in the PV sector, aleo solar AG is
revising its revenue forecast for 2011: Instead of annual revenue of
EUR 515 million as forecast in the half-yearly report, the company
now expects annual revenue to come in at EUR 440 million and earnings
for the full 2011 year to be negative.

Further inquiry note:
Hermann Iding
Corporate Communications
Tel.: +49 (0)441-21988-390
E-Mail: Invest@aleo-solar.de

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

company: aleo solar AG
Gewerbegebiet Nord, Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-69
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English