EANS-News: aleo solar AG aleo solar AG benefits from a surge in demand in the
first quarter of 2012 in Germany and lowers revenue guidance
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3-month report
Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634) today
announced that it generated revenue of EUR 74.6 million in the first three
months of 2012. This means that aleo solar's revenue decreased by 14.6% compared
to the first quarter of 2011 (EUR 87.4 million). Earnings before interest and
taxes (EBIT) came in at EUR -8.2 million (EUR 2.0 million), and the EBIT margin
was -11.0 percent (2.3 percent). Earnings per share amounted to EUR -0.63 (EUR
0.06); production volume rose to 87.9 megawatts (75.0 MW).
"The surge in demand that occurred due to the discussion surrounding the EEG
amendment enabled us to increase revenue in Germany slightly," said York zu
Putlitz, CEO and CFO of aleo solar AG. "But our international business was
considerably weaker compared to the same quarter the previous year." As a
result, foreign business accounted for 57.2 percent of sales in the first
quarter of 2012 (65.0 percent). aleo solar AG expects business in Germany to be
moderate for the rest of the year. In Italy, the company's second-most important
market, a strong second quarter is anticipated before significant restrictions
for the photovoltaic industry are expected to become effective by mid-year.
Based on the close collaboration with its approximately 1,700 specialist dealers
and fitters, aleo solar AG intends to increase sales and production in 2012.
However, the reductions in feed-in tariffs in key markets like Italy and the
resulting price erosion for solar modules are likely to be much more radical
than expected up to now, with no increase in the market volume. aleo solar AG
therefore lowers its revenue guidance: Previously, the company was aiming for
revenue of EUR 440 million in 2012. Now aleo solar AG is predicting revenue of
at least EUR 410 million in the current financial year but still expects to
record a 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
Gewerbegebiet Nord, Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-69
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