EANS-News: aleo solar AG´s business picks up strongly in Q3

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
generated revenue of EUR 220.8 million in the first nine months of 2009
(January to September 2008: EUR 256.2 million). The positive EBIT of EUR 0.3
million confirms the trend reversal that the company achieved in the second
quarter. EBIT includes impairment losses on inventories of finished goods
amounting to around EUR 10 million and thus underscores aleo solar AG´s
flexible cost structures. Earnings per share were EUR -0.15 (EUR 0.94).
Production output totalled 78.4 megawatts (95.8 megawatts).
"Deliveries picked up significantly in the course of the year," said Uwe
Bögershausen, member of the Management Board and CFO of aleo solar AG. "At just
under 83 megawatts, deliveries of aleo modules are up 12% on the prior-year
figures. The trend reversal is proving to be sustainable because our high order
backlog stretches into the first quarter of the coming year."
aleo solar AG is convinced that it will reach its planned sales targets.
Although solar module prices have probably bottomed out for this year, it is
very difficult at the moment to predict the revenue that this volume target
will achieve at the end of 2009. Against the backdrop of the financial crisis,
concrete earnings forecasts continue to depend to a large extent on
macroeconomic developments. If, as some experts expect, conditions gradually
improve, the company is confident of achieving a relatively solid EBIT margin.
However, if general market conditions remain strained or deteriorate further,
aleo solar AG will also be adversely affected by these developments.
aleo solar AG is aiming for further organic growth in 2010. The aleo solar
Group will continue its focus on internationalisation and will generate around
half of its revenue outside Germany in the medium term.

The Company
aleo solar AG produces and sells solar modules using silicon cells. It also
provides whole solar systems to the global photovoltaic market. The company was
founded in 2001 and has been listed in the Frankfurt Stock Exchange´s Prime
Standard since 2006 (DE000A0JM634). The aleo solar Group currently employs 748
staff. Its manufacturing facilities in Prenzlau (Germany) and two more
production sites in Spain and China have an annual capacity of 250 megawatts.
The company generated revenue of EUR 360.5 million in 2008.

Further inquiry note:
Franz Nieper
Head of Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-770
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: aleo solar AG
Gewerbegebiet Nord, Krummer Weg 1
D-17291 Prenzlau
phone: +49(0)441 21988-770
FAX: +49 (0)441 21988-690
mail: [email protected]
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technologie All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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