EANS-News: aleo solar AG / aleo solar AG announces substantial decline in revenue and earnings in the first nine months of 2012

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9-month report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 222.4 million in the
first nine months of 2012. This means that aleo solar's revenue
decreased by 35.4 percent compared with the first nine months of 2011
(EUR 344.6 million). Earnings before interest and taxes (EBIT) came
in at EUR -51.5 million (EUR 7.4 million), and the EBIT margin was
-23.2 percent (2.2 percent).

Earnings per share amounted to EUR -4.88 (EUR 0.37); production
output rose to 258.2 megawatts (246.2 MW). aleo solar AG generated
58.7 percent of its revenue outside of Germany (53.3 percent).

"Our earnings are being depressed by weak markets, the continued
erosion of prices and one-time effects," said York zu Putlitz, CEO
and CFO of aleo solar AG. In response to the generally sombre
business environment, aleo solar AG recognised an impairment loss on
assets in the amount of EUR 12.9 million. This is compounded by a
valuation allowance of EUR 11.3 million due to the decision to
terminate the avim solar production Co. Ltd. joint venture.

For the remainder of the year, aleo solar AG expects demand to
continue its weak trend, both for its domestic business and on the
international markets. The general conditions for investment in
photovoltaic systems have deteriorated in almost all core markets,
with feed-in tariffs falling very drastically in some cases. As
already announced in October 2012, aleo solar AG expects consolidated
revenue to drop considerably to around EUR 280 million and its
consolidated loss to increase further for the 2012 financial year.

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