14.05.2009 – Press Release
aleo solar AG (ISIN: DE000A0JM634) has generated revenue of EUR 30.6 million (Q1 2008: EUR 69.0 million). The proportion of international revenue amounted to 35%. EBIT totalled EUR -4.8 million (EUR 5.0 million) and is affected by non-cash one-off items resulting from revaluation of inventories.

Earnings per share declined to EUR -0.43 (EUR 0.26). Production output was 11.3 megawatts (29.7 megawatts).

„Owing to the persistently gloomy macroeconomic climate, the unusually long and hard winter – particularly in Germany – and the expected collapse of the Spanish market, the number of new installations declined overall in the first quarter“, explains Uwe Bögershausen, member of the Management Board and CFO of aleo solar AG. As far as the rest of the year is concerned, Bögershausen is confident: the healthy level of new orders illustrates the consistently high level of interest in the premium solar modules from aleo and, in turn, the appeal of making substantial investments in photovoltaics. Sales operations in existing PV markets are boosted to guarantee maximum customer proximity at local level thanks to the aleo power network. Recent developments in strong growing markets like the USA have also spelt good news for aleo solar.

The Company is reiterating its forecast for the year of revenue of at least EUR 380 million.

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