aleo solar AG continues on profitable growth path in 2009

aleo solar AG [ISIN: DE000A0JM634] today announced revenue of EUR 376.1 million (previous year: EUR 360.5 million) and EBIT of 16.0 million (previous year: EUR 23.8 million) for financial year 2009, according to preliminary calculations. Despite the difficult market environment, the EBIT margin was a solid 4.3 percent (previous year: 6.6 percent). Earnings per share are expected to come in at EUR 0.78 (previous year: EUR 1.20).

Jakobus Smit, CEO of aleo solar AG, said: "Our excellent market position as a premium manufacturer with its own sales organization proved its merit in the past year. Quality modules and a strong brand remain our guarantors of success even in difficult times." The European sales network of aleo solar AG now comprises some 1,000 specialist dealers and installers. The 2009 annual report containing the final figures is expected to be published on 25 March 2010.

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 788 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 376.1 million in 2009 (according to preliminary calculations).

11.03.2010, aleo solar AG

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