aleo solar AG boosts revenue in first nine months of 2008 by 61.6% to EUR 256.2 million

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
is continuing its strong growth. The Company increased its revenue by
61.6% in the first nine months of 2008 to EUR 256.2 million
(comparable period of 2007: EUR 158.6 million). The proportion of
international revenue amounted to 53.2%. EBIT increased by 68.2% to
EUR 18.0 million (EUR 10.7 million), while the EBIT margin remained
stable at 7.0% (6.8%). Earnings per share almost doubled to EUR 0.94
(EUR 0.49). Production output rose to 95.8 megawatts, an increase of
53.0% compared with the prior year period.

Business in the German domestic market continued to develop
positively, with revenue growing by 12.1% to EUR 119.9 million (EUR
107.0 million). We increased our international revenue by 164.0%
year-on-year to EUR 136.3 million.

In Spain, the new feed-in legislation will benefit decentralised
roof-mounted installations in the coming year and aleo solar AG
expects its market position to remain strong there. Italy will also
continue its positive development. It, too, is a classic market for
roof-mounted installations. We are steadily expanding our customer
base thanks to our specialist dealer programme, aleo power network.
With our own branch in Treviso and a nationwide sales platform, aleo
solar AG is well positioned for this growth. The Management Board
also expects more attractive tariffs for roof-mounted installations
in France due to the changes to the feed-in legislation that are on
the horizon. In addition, aleo's business in Greece, Belgium and the
Czech Republic is growing. The continuation of tax incentives on the
US market means that this will also be able to develop extremely
positively. The Investment Tax Credit (ITC) for solar installations
was extended by 8 years. The decisive factor will be the priority
given by the new president to the expansion of renewable energies.

"Our strengths are the aleo modules´ premium quality and our own
sales force for the small and medium-sized roof-mounted installations
business", said Uwe Bögershausen, member of the Management Board and
CFO of aleo solar AG. Since feed-in tariffs are guaranteed by the
governments concerned, photovoltaic installations are also becoming
increasingly attractive for safety-conscious investors. Additional
growth momentum is also coming from the "Ensuring Job Safety by
Strengthening Growth" measures resolved by the Federal German
Cabinet. Further support is provided in Germany by KfW Bank's loan
offerings.

The expansion of production capacity in Prenzlau to 180 megawatts is
nearly completed, while the increase to 50 megawatts in Gaomi (China)
will be implemented more rapidly. Including the capacity at the Santa
María de Palautordera (Spain) location, this means that the aleo
solar Group's total production capacity will amount to 250 megawatts
in the coming year.

For 2008, aleo solar's Management Board is expecting strong year-end
business and revenue of at least EUR 330 million, along with an
ongoing sound EBIT margin. The Company is reiterating its forecast of
EUR 380 million in revenue for 2009.

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

Investor Relations, Legal & Compliance

Tel.: +49 (0)441-21988-770

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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