aleo solar AG confirms preliminary figures for 2007 and publishes annual report

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Prenzlau/Oldenburg (euro adhoc) - With today's publication of its
2007 annual report, aleo solar AG has confirmed the preliminary
figures already announced. Revenue rose by 86% to EUR 242.1 million
(2006: EUR 130.4 million). In total, 34.5% of revenue was generated
abroad (previous year: 15.5%). EBIT amounted to EUR 15.7 million
(previous year: EUR 9.6 million). The EBIT margin remained solid at
6.5%. Earnings per share totalled EUR 0.75 (2006: EUR 0.43). In 2007,
total production capacity was 100 megawatts. Since production
facilities ran at full capacity for most of the year, the production
of solar modules almost doubled from 47 megawatts in 2006 to 88
megawatts in 2007. The number of employees in the Group rose to 555
at year-end (previous year: 316).

It was an exciting year for Jakobus Smit, Chairman of the Management
Board: "Solar sells: we kept our promise of economic success with a
healthy increase in revenue and a solid EBIT margin."

The foundations for future growth were laid in 2007: Production
capacity at the Company´s Prenzlau location is being expanded,
meaning that the Group will have a total of 180 megawatts by the end
of 2008. As a result, 1,000,000 solar modules could be produced per
year going forward. "To give a comparison, we will be able to produce
as many solar modules in just one year in future as we produced in
total between 2002 and 2007", said Smit. This capacity expansion is
backed up by corresponding solar cell supply contracts: aleo solar AG
announced in March 2008 that it had signed a contract with Q-Cells AG
that guarantees at least 1,270 megawatt solar cells until the end of
2019. This supply contract is the most extensive in the Company´s
history to date.

The German market will continue its strong growth in 2008. aleo solar
AG is ideally positioned in the domestic market with its own
production facilities and increasingly comprehensive sales network.
In addition, it is active on the Southern European markets, in
particular Spain, Italy and Greece. A number of market players put
the European market volume at a minimum of EUR 20 billion by the end
of 2010. To this must be added the emerging solar markets in Asia, in
particular in South Korea, Japan and China. In February 2008, aleo
solar AG signed a joint venture agreement with listed company Sunvim
Group Co. Ltd. to establish a solar module production facility in
Gaomi, Shandong province, China. CEO Smit sees further growth
potential here: "We are repeatedly finding that we can position
ourselves as a strong strategic partner because we have two extremely
compelling arguments: our `made in Germany´ proposition and our
strong `aleo´ brand. For us, Asia is the market of the long-term
future. Industry experts are unanimous in expecting a market volume
of at least EUR 8 billion by 2012 in South Korea, Japan and China.
aleo solar AG will secure its share of this thanks to the joint
venture."

aleo solar AG is expecting solar markets to continue to grow in 2008.
Uwe Bögershausen, aleo solar AG´s CFO, said: "We are reiterating our
forecast for financial year 2008 and are expecting consolidated
revenue of at least EUR 330 million. Around 40% of this figure will
be generated abroad. What is more, the EBIT margin associated with
these sales will remain solid." For 2009, aleo solar AG is expecting
another increase in revenue to at least EUR 380 million.

end of announcement euro adhoc
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Franz Nieper / Yvonne Meyer

Investor Relations, Legal & Compliance

Tel.: +49 (0)441-21988-77

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
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