euro adhoc: aleo solar AG / Earnings Forecast / aleo solar AG to increase production capacity from 100 to 180 MWp and build a new logistics centre Revenue forecast for 2007 raised to at least EUR 185

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20.06.2007

aleo solar AG is significantly expanding its production capacities
due to ongoing high demand for solar modules. To date, total capacity
has consisted of 90 MWp from the company´s Prenzlau location and 10
MWp from its Spanish facility near Barcelona. With the planned 80 MWp
expansion in Prenzlau, aleo solar AG will have a total of 180 MWp
available. A new state-of-the-art logistics centre is also to be
built. For 2007, aleo solar AG is expecting revenue of at least EUR
185 million, along with an ongoing solid EBIT margin. The proportion
of international revenue is expected to amount to at least 25%. At
least EUR 240 million in revenue is expected for 2008.

Third production line and new logistics centre for EUR 27.5 million
planned

To implement the planned increase in production capacity, the current
warehouse in Prenzlau will be emptied and four new state-of-the art
production lines with 20MWp of capacity each will be set up in the
building. At the same time, a new logistics centre with an automatic
warehouse is planned in the immediate area of the present facility.
Logistics is very important to aleo solar AG because it supplies
specialist dealers and fitters directly. Construction of the
logistics centre is due to begin in the autumn of 2007 and
commissioning of the new production lines is planned for the early
summer of 2008. The Prenzlau location will be at its new full
capacity in the autumn of 2008 at the latest. Total investments
planned for the expansion of capacity and the new logistics centre
amount to EUR 27.5 million.

Significant improvement in supply of solar cells foreseeable

The supply of solar cells is clearly improving; existing producers
are expanding their production and new solar cell producers,
especially from Asia, are entering the market. The procurement market
is easing. From the very beginning, aleo solar AG´s strategy has been
to use the capital from its IPO to invest in long and medium term
contracts for solar cells, among other things, in order to lay the
foundation for future growth. Thus far, aleo solar AG has been able
to secure a total of around 240 MWp of solar cells for the period
from 2008 to 2010 because of these contracts. In addition, more
contracts for solar cell supplies for the expanded facilities are
currently being negotiated. The Management Board sees its strategic
orientation confirmed by current developments and believes that now
is an ideal time to take the next growth step.

Continuing market growth: nationally and internationally

The first quarter of 2007 already went extremely well for aleo solar
AG: revenue rose by 44.8% to EUR 37.2 million. Overall, national and
international business continues to show strong growth. Sales teams
in Spain and Italy were expanded for this reason, and new teams for
Greece and France will commence operations very shortly. The industry
predicts that the volume of the European solar module market in 2008
to 2010 will be at least EUR 10 billion. The current expansion of
production capacities and the new logistics centre will enable aleo
solar AG to secure a share of this.

aleo solar AG´s strategy of focusing on module manufacturing pays off

aleo solar AG sees itself as a "pure player": it is and will remain a
producer of solar modules and a systems supplier. This strategic
positioning allows aleo solar AG to play to its strengths: it uses
its production and process expertise and is able to expand its
production capacity quickly to leverage economies of scale and
learning curve effects. Overall, this creates a virtuous circle for
the company: organic growth, recognized high quality, a strong brand
and its own sales force ensure that aleo solar AG will be successful
in the future as well.

end of announcement euro adhoc 20.06.2007 07:15:24
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Franz Nieper or Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 441-21988-77
E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Technologie All Share, Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard
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