EANS-News: aleo solar AG / aleo solar AG announces 2012 half-year result and lowers revenue guidance

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6-month report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 166.4 million in the
first six months of 2012. This means that aleo solar's revenue
decreased by 28.3% compared to the first six months of 2011 (EUR
232.0 million). Earnings before interest and taxes (EBIT) came in at
EUR -23.5 million (EUR 3.4 million), and the EBIT margin was -14.1
percent (1.5 percent). Earnings per share amounted to EUR -1.87 (EUR
0.13); production volume rose to 197.7 megawatts (161.6 MW).

"In Germany, the second quarter of the year was dominated by the
uncertainty about the terms of the amendment to the Renewable Energy
Act," said York zu Putlitz, CEO and CFO of aleo solar AG. "The major
cuts in feed-in tariffs with retroactive effect to 1 April 2012 had a
corresponding impact on demand." International business, on the other
hand, picked up compared to the first quarter - most notably in Italy
and Greece. As a result, foreign business accounted for 58.3 percent
of sales in the first six months of 2012 (49.9 percent).

aleo solar AG expects a surge in business in Germany for the rest of
the year. Germany is a country in which attractive returns can still
be achieved. Internationally, however, demand will be restrained due
to the radical cuts in feed-in tariffs. In Italy, for example, the
general conditions for investments in photovoltaic installations will
deteriorate from the end of August, when the Conto Energia V will
enter into force. The stagnating volume of aleo solar's European core
markets and the likely continuation of the price erosion in the wake
of the reductions in feed-in tariffs will continue to put heavy
pressure on revenue and earnings. aleo solar AG therefore once again
adjusts its revenue guidance: When the interim report for January to
March 2012 was published, the original revenue forecast had been
reduced from EUR 440 million to EUR 410 million. Now aleo solar AG is
predicting revenue of at least EUR 370 million in the 2012 financial
year but expects to record a substantial net loss.

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
Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-690
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: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English