aleo solar AG wins new orders in Germany worth over EUR 20 million26.06.2007 | Corporate News
Intersolar trade fair closes with very strong demand aleo solar AG can report firm new orders and the expansion of existing orders in Germany for 2007:
aleo modules totalling EUR 20 million have been ordered by specialist dealers and fitters. Roof-mounted installations in particular will be built because these receive the highest subsidies in Germany. aleo solar can significantly expand its current customer base of 200 specialist dealers and fitters in Germany. aleo solar AG's total national order volume for 2007 is thus set to increase to approx. EUR 55 million.
Uwe Bögershausen, a member of aleo solar AG's Management Board, is confident: "Business is extremely satisfactory. Q1 was very good for us: we increased revenue by 44.8% to EUR 37.2 million. Module prices are stable and the continued high demand - including for the newly launched premium module S_24 - clearly shows us that our quality modules are highly valued on our home market".
Intersolar, Europe's largest solar technology trade fair, closed its doors in Freiburg at the weekend and Heiner Willers, a member of aleo solar AG's Management Board, is upbeat: "Intersolar has emerged as a key event in the solar industry, both nationally and internationally. Discussions with our fitters and specialist dealers have demonstrated that quality, excellent service and close cooperation through partnerships are valued and sought-after. aleo solar focuses on quality that comes at a price. Strong demand both in Germany and abroad confirms that this strategic approach is working".
Germany remains the world leader in photovoltaic systems as far as annual newly installed output is concerned, so the fact that aleo solar AG has expanded its production capacity at the Prenzlau location to 180 megawatts makes good strategic sense.
aleo solar AG produces and distributes premium solar modules and systems for the international photovoltaic market. Since 2009, the Bosch Group has owned a majority of the company (DE000A0JM634), which was originally founded in 2001 and has been listed on the stock exchange since 2006. The premium manufacturer currently has aapproximately 900 employees and is represented in the key photovoltaic markets all over the world. The aleo solar group has an annual production capacity of 280 megawatts at its plant in Prenzlau, Germany. The company generated a turnover of € 279.9 million in 2012.
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