EANS-News: aleo solar AG / aleo solar AG generates annual revenue of EUR 462 million in 2011

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Company Information

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG [ISIN: DE000A0JM634]
today announced that, based on preliminary calculations, it expects
to have achieved revenue of EUR 462 million in financial year 2011.
The company had previously anticipated annual revenue of EUR 440
million. Revenue was down 17 percent in 2011 compared to the previous
year (EUR 554 million). Foreign business accounted for around 48
percent of revenue in 2011.

As previously announced, aleo solar AG expects to have closed
financial year 2011 with negative earnings of EUR 25 to 30 million.
In addition to rapidly declining module prices, this is essentially
due to the extraordinary settlement of delivery contracts with a cell
supplier dating back from 2005 to 2008. "The prices that were fixed
for the agreement running until 2019 are more in line with the
market", said York zu Putlitz, CEO of aleo solar AG.

Effective 31 December 2011, the company´s previous Chief Sales
Officer, Norbert Schlesiger, resigned from his post on the Management
Board of aleo solar AG in agreement with the Supervisory Board. The
Supervisory Board thanks Mr Schlesiger for many years of successful
service to the company. There are no plans at this point to appoint
someone else to this position. Instead, the related tasks will be
assumed by the current Management Board members.

The 2011 annual report containing the final figures is expected to be
published on 22 March 2012.

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

end of announcement euro adhoc
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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