EANS-News: aleo solar AG aleo solar AG announces 2012 half-year result and
lowers revenue guidance
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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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