EANS-News: aleo solar AG / aleo solar AG benefits from a surge in demand in the first quarter of 2012 in Germany and lowers revenue guidance

Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.

3-month report

Prenzlau/Oldenburg (euro adhoc) – aleo solar AG (ISIN: DE000A0JM634)
today announced that it generated revenue of EUR 74.6 million in the
first three months of 2012. This means that aleo solar’s revenue
decreased by 14.6% compared to the first quarter of 2011 (EUR 87.4
million). Earnings before interest and taxes (EBIT) came in at EUR
-8.2 million (EUR 2.0 million), and the EBIT margin was -11.0 percent
(2.3 percent). Earnings per share amounted to EUR -0.63 (EUR 0.06);
production volume rose to 87.9 megawatts (75.0 MW).

„The surge in demand that occurred due to the discussion surrounding
the EEG amendment enabled us to increase revenue in Germany
slightly,“ said York zu Putlitz, CEO and CFO of aleo solar AG. „But
our international business was considerably weaker compared to the
same quarter the previous year.“ As a result, foreign business
accounted for 57.2 percent of sales in the first quarter of 2012
(65.0 percent). aleo solar AG expects business in Germany to be
moderate for the rest of the year. In Italy, the company’s
second-most important market, a strong second quarter is anticipated
before significant restrictions for the photovoltaic industry are
expected to become effective by mid-year.

Based on the close collaboration with its approximately 1,700
specialist dealers and fitters, aleo solar AG intends to increase
sales and production in 2012. However, the reductions in feed-in
tariffs in key markets like Italy and the resulting price erosion for
solar modules are likely to be much more radical than expected up to
now, with no increase in the market volume. aleo solar AG therefore
lowers its revenue guidance: Previously, the company was aiming for
revenue of EUR 440 million in 2012. Now aleo solar AG is predicting
revenue of at least EUR 410 million in the current financial year but
still expects to record a net loss.

Further inquiry note:
Hermann Iding
Corporate Communications
Tel.: +49 (0)441-21988-390
E-Mail: Invest@aleo-solar.de

end of announcement euro adhoc

company: aleo solar AG
Gewerbegebiet Nord, Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-69
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English

Quelle: http://www.presseportal.de/pm/56282/2252017/eans-news-aleo-solar-ag-aleo-solar-ag-benefits-from-a-surge-in-demand-in-the-first-quarter-of-2012/api