EANS-News: aleo solar AG / aleo solar AG reports strong business in first quarter 2010

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quarterly report/3-month report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 96.5 million in the
first three months of 2010. This was a 215% increase compared to the
same period last year (EUR 30.6 million). Earnings before interest
and taxes (EBIT) amounted to EUR 11.5 million and earnings per share
were EUR 0.64 (EUR -0.43).

"We expect the second quarter to be just as strong," said York zu
Putlitz, CEO and CFO of aleo solar AG. "Since the amendment to the
German Renewable Energy Sources Act calls for an additional stage of
degression as of 1 July 2010, we expect demand to remain high in
Germany due to the pull-forward effects triggered by this." The
international photovoltaic market is expected to pick up in the
second half of the year.

aleo solar's production volume in the first quarter of this year was
60.1 megawatts (MW) (prior-year quarter: 11.3 MW). Full capacity
production is possible because the company has optimised its
production processes and manufactures around the clock in several
shifts. "Premium modules manufactured using sophisticated technology
and our own sales force give us a decisive competitive edge," Putlitz
said. "With our sales network of more than 1,000 specialist dealers
and installers and our `aleo´ brand, which has made a name for itself
in the premium sector, we are well equipped to face the increased
competition expected in the photovoltaic market."

aleo solar AG therefore confirms its guidance for 2010: Revenue will
come to at least EUR 420 million, and aleo solar's aim is to achieve
a comparatively solid EBIT margin. The company intends to
progressively lift the proportion of revenue generated abroad. aleo
solar expects to remain on a growth path in 2011. However, the
company will only set itself concrete goals in the course of 2010, so
as to be able to take general developments into account.

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

Further inquiry note:

York zu Putlitz

CEO/CFO

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

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade