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aleo solar AG

aleo solar AG boosts revenue in first nine months of 2008 by 61.6% to EUR 256.2 million

Prenzlau/Oldenburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
aleo solar AG (ISIN: DE000A0JM634)
is continuing its strong growth. The Company increased its revenue by
61.6% in the first nine months of 2008 to EUR 256.2 million 
(comparable period of 2007: EUR 158.6 million). The proportion of 
international revenue amounted to 53.2%. EBIT increased by 68.2% to 
EUR 18.0 million (EUR 10.7 million), while the EBIT margin remained 
stable at 7.0% (6.8%). Earnings per share almost doubled to EUR 0.94 
(EUR 0.49). Production output rose to 95.8 megawatts, an increase of 
53.0% compared with the prior year period.
Business in the German domestic market continued to develop 
positively, with revenue growing by 12.1% to EUR 119.9 million (EUR 
107.0 million). We increased our international revenue by 164.0% 
year-on-year to EUR 136.3 million.
In Spain, the new feed-in legislation will benefit decentralised 
roof-mounted installations in the coming year and aleo solar AG 
expects its market position to remain strong there. Italy will also 
continue its positive development. It, too, is a classic market for 
roof-mounted installations. We are steadily expanding our customer 
base thanks to our specialist dealer programme, aleo power network. 
With our own branch in Treviso and a nationwide sales platform, aleo 
solar AG is well positioned for this growth. The Management Board 
also expects more attractive tariffs for roof-mounted installations 
in France due to the changes to the feed-in legislation that are on 
the horizon. In addition, aleo's business in Greece, Belgium and the 
Czech Republic is growing. The continuation of tax incentives on the 
US market means that this will also be able to develop extremely 
positively. The Investment Tax Credit (ITC) for solar installations 
was extended by 8 years. The decisive factor will be the priority 
given by the new president to the expansion of renewable energies.
"Our strengths are the aleo modules´ premium quality and our own 
sales force for the small and medium-sized roof-mounted installations
business", said Uwe Bögershausen, member of the Management Board and 
CFO of aleo solar AG. Since feed-in tariffs are guaranteed by the 
governments concerned, photovoltaic installations are also becoming 
increasingly attractive for safety-conscious investors. Additional 
growth momentum is also coming from the  "Ensuring Job Safety by 
Strengthening Growth" measures resolved by the Federal German 
Cabinet. Further support is provided in Germany by KfW Bank's loan 
offerings.
The expansion of production capacity in Prenzlau to 180 megawatts is 
nearly completed, while the increase to 50 megawatts in Gaomi (China)
will be implemented more rapidly. Including the capacity at the Santa
María de Palautordera (Spain) location, this means that the aleo 
solar Group's total production capacity will amount to 250 megawatts 
in the coming year.
For 2008, aleo solar's Management Board is expecting strong year-end 
business and revenue of at least EUR 330 million, along with an 
ongoing sound EBIT margin. The Company is reiterating its forecast of
EUR 380 million in revenue for 2009.
end of announcement                               euro adhoc

Further inquiry note:

Franz Nieper
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-770
E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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