aleo solar reports strong revenue growth in second quarter

Oldenburg, Prenzlau, (PresseBox) - aleo solar AG today announced that its revenue in the second quarter of the current year increased by 185 percent compared to the first quarter to reach EUR 87.5 million. As a result, aleo solar AG has matched the revenue level of the previous year in the second quarter of 2009. "After a slow start, we have achieved a turnaround with revenue of EUR 118 million in the first six months," said Jakobus Smit, CEO of aleo solar AG. "Positioning ourselves as a premium manufacturer with a focus on specialist solar dealers, a strong sales force and a strong brand has paid off. We are now well-placed to cope with an even tougher competitive environment."

"Demand for our premium products remains high," added Sales Director Norbert Schlesiger. "The costs for fully installed photovoltaic power plants have fallen more rapidly than the degression of feed-in tariffs, which has led to very high profitability for operators."

The report containing the final figures for the second quarter 2009 is expected to be published on 13 August 2009.

aleo solar AG

aleo solar AG produces and sells solar modules using silicon cells. It also provides whole solar systems to the global photvoltaic 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 735 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 360.5 million in 2008.

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