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aleo solar AG generates annual revenue of EUR 462 million in 2011

17 January 2012 - Press release
aleo solar AG [ISIN: DE000A0JM634] today announced that, based on preliminary calculations, it expects to have achieved revenue of EUR 462 million in financial year 2011. The company had previously anticipated annual revenue of EUR 440 million. Revenue was down 17 percent in 2011 compared to the previous year (EUR 554 million). Foreign business accounted for around 48 percent of revenue in 2011.

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Innovative force for Brandenburg

Founded in October 2001, aleo solar AG has very quickly become one of the largest manufacturers of solar modules in Europe. The success story of this company, and its marketing subsidiary aleo solar Deutschland GmbH, is reflected in the constant expansion of production capacities.

With the construction of a second facility, which was built beside the already existing production halls, aleo solar increases its capacity to 90MW. Thus, the company which had already in 2004 increased its production to 35MW, continues its course of expansion, and is well positioned for the rapidly growing photovoltaic market.

With the expansion of production capacities, the number of employees has also continued to increase. At the end of 2003, the company already had 107 staff; one year later there were 179. By the end of 2006, the number of employees at aleo solar AG and its marketing subsidiaries had increased to approx. 320.

In Spain, in September 2005, aleo solar España SL and the marketing subsidiary aleo solar España distribución were founded. From the end of 2006 in Santa María de Palautordera (70km north of Barcelona), aleo solar modules "hecho en España" should be emerging from the facility. The capacity of the spanish factory is 10 MW, so that aleo solar's total capacity is now 100 MW.

In the beginning of 2006, aleo solar AG acquired a 19% stake in the thin-film company Johanna Solar Technology (JST), thereby stepping up to the next generation of module production.

History

12.2001 S.M.D. Solar Manufaktur Deutschland GmbH & Co. KG is founded (renamed aleo solar AG in 2006)
2002 Production starts at the factory in Prenzlau Production capacity of 15 MW
01.2004 Production capacity is expanded to 30 MW
2005

New materials store is built in Prenzlau Production capacity is expanded to 90 MW

10.2005 aleo solar España SL is founded in Barcelona, Spain
04.2006 Participation in Johanna Solar Technology GmbH, Brandenburg a. d. Havel
05.2006 The best-selling aleo solar module S_16 receives the best mark (1.9) from Stiftung Warentest and is test winner
07.2006 aleo solar is launched successfully on the stock exchange (14.07.2006)
01.2007 aleo solar starts up as the only German module manufacturer with its own factory in Spain
06.2007 Introduction of the new high-performance module S_24
09.2007 UL certificate for the North American market
10.2007

The millionth aleo module is installed

01.2008 The Italian sales subsidiary aleo solar Italia S.r.l. is founded
02.2008 Founding of the joint venture avim solar with the Chinese Sunvim Group Co. Ltd.
06.2008
Introduction of the black high-performance modules S_73 and S_77
09.2008
avim solar production Co. Ltd. (joint venture with Sunvim Group Co. Ltd.) starts production in China
06.2009 Formation of the sales subsidiary aleo solar North America Inc.
 2009 Expansion of production capacity in Prenzlau to 180 MW;
Construction of a logistics center with high rack storage area
04.2010 aleo module S_18 awarded top marks by Öko-Test magazine with a “very good” rating
10.2010 Commencement of the annual production capacity expansion to 390 MW by the end of 2011
10.2011 Establishment of the sales subsidiary aleo solar UK Limited
10.2011 10 years of aleo solar: 5 million modules with a total nominal output of 1 GW produced