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Robert Bosch withdraws from photovoltaics business and plans to sell its stake in aleo solar AG
York zu Putlitz, CEO and CFO at aleo solar AG: "Bosch is withdrawing from the crystalline photovoltaics business since it has been unable to achieve competitiveness here. Robert Bosch therefore plans to sell its holding in aleo solar AG. Irrespective of the search for a buyer, aleo solar AG has already taken action: We have closed our factory in Spain, commenced the liquidation of our joint venture in China and have disposed of our shares in Bosch CISTech. We are now examining further activities for improving our earnings. Our strengths lie in our sales operations and our products: Our new high-efficiency modules offer our customers an attractive option. And our dealer network of 2,100 installer firms gives us good access to the market. That said, we expect another difficult year in 2013: The general political environment has deteriorated in several of our core markets and we continue to suffer from overcapacities and pricing pressure." aleo solar will therefore wait until later in the year before making a more detailed forecast.
Publication of the results for the 2012 financial year from aleo solar AG has been postponed until 28 March 2013.
For further details of the sale planned by Robert Bosch GmbH, please visit the websites: www.bosch-presse.de, www.bosch.com
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