EANS-News: aleo solar AG / 2010 annual report: aleo solar AG on target for further growth

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annual report

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today published its
2010 annual report, which confirms the preliminary figures announced
earlier. Revenue increased by 47.2% to EUR 553.5 million (2009: EUR
376.1 million). EBIT soared to EUR 43.0 million (2009: EUR 16.0
million), generating a very solid EBIT margin of 7.8% (2009: 4.3%).
Earnings per share rose to EUR 2.41 (2009: EUR 0.78). aleo solar AG´s
plants operated at full capacity in 2010, with production of solar
modules almost doubling to 267 megawatts from 139 megawatts in the
previous year. The Company is currently setting the stage for further
growth with its expansion of production capacity from 250 megawatts
to 390 megawatts by the end of 2011, which it began in 2010.

While the first six months of 2010 were dominated by pull-forward
effects and high revenue in Germany due to the amendment of the
German Renewable Energy Act, aleo solar AG generated over half of its
revenue in the second half of the year outside Germany. In 2010 as a
whole, the Company´s international operations accounted for 35.8%
(2009: 22.7%) of revenue, mostly in Italy, France and Greece. "This
shows just how successfully we were able to implement our
internationalisation strategy," says York zu Putlitz, CEO and CFO of
aleo solar AG. "A systematic expansion of our international business
is on the agenda for 2011. We intend to step up our activities
outside Europe in the future." aleo solar AG already has sales
contacts worldwide; modules were delivered to solar markets in the
United States as well as to other countries such as Australia, Israel
and Mexico.

The Company continues to view its proximity to specialist dealers and
fitters and its premium brand as its strengths. The outstanding
quality of aleo modules was reaffirmed with the "very good" rating in
a test conducted by Öko-Test magazine in April 2010. In the process
of optimising its production processes, aleo solar AG increasingly
benefits from the technological expertise of its majority
shareholder, Robert Bosch GmbH.

Due to the in some cases radical cuts in feed-in tariffs, aleo solar
AG assumes that the photovoltaic markets will be even more
competitive in the current year than in 2010. aleo solar AG is
nevertheless striving for further growth and anticipates revenue of
at least EUR 560 million in 2011 together with a comparatively solid
EBIT margin.

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