EANS-News: aleo solar AG / aleo solar AG lifts revenue in the first six months of 2010 to EUR 277 million

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quarterly report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 277.0 million in the
first six months of 2010. This means that aleo solar's revenue
increased by 134.5% compared with the first six months of 2009 (EUR
118.1 million). Earnings before interest and taxes (EBIT) amounted to
EUR 29.3 million and the earnings per share were EUR 1.68 (EUR
-0.27).

"We benefitted from extraordinary demand, as was the case in the
first quarter of the year," said York zu Putlitz, CEO and CFO of aleo
solar AG. "The amendment of the German Renewable Energy Act led to
pull-forward effects." aleo solar AG also posted revenue growth
outside Germany, with revenue on the international photovoltaic
markets rising to EUR 49.4 million in the first six months of 2010
(EUR 31.1 million). This puts the proportion of revenue generated
abroad at 17.8%.

The production volume in the first half of this year was 132.8
megawatts (38.6 MW). "Actual production thus exceeds our nominal
annual capacity of 250 MW," underlines zu Putlitz. "Our three plants
have responded flexibly to the growth in demand and optimised their
manufacturing process." The plants also produce around the clock in
several shifts.

Germany´s photovoltaic market is expected to become steadier as the
year progresses. Strong demand is also being recorded in the other
European core markets, which means that aleo solar AG will be able to
cater better to the international markets in the second half of the
year.

aleo solar AG confirms its expectations for 2010: Revenue will come
to at least EUR 480 million, and aleo solar's aim is to achieve a
solid EBIT margin. The company intends to progressively lift the
proportion of revenue generated abroad. aleo solar AG will only set
itself concrete goals for 2011 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
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