aleo solar AG tops EUR 200 million revenue mark05.12.2007 | Corporate News
As of today aleo solar AG can already report EUR 210 million revenue. Thus, the revenue target of EUR 200 million is exceeded. This revenue is accompanied by a solid EBIT margin.
Heiner Willers, a member of aleo solar AG?s Management Board, is confident: ?Business to date has been at a high level and is rallying strongly towards the end of the year as normal. Provided the weather doesn?t upset our plans we expect deliveries to continue at a high level in the period up to the end of the year.?
Germany remains the world leader in photovoltaic systems as far as annual newly installed output is concerned, although international demand also remains strong. ?In addition to Spain, Italy is also increasingly turning in a excellent performance?, said Willers, ?and we are certain to reach our goal of expanding our 2007 international revenue to 30% of the total.? This means that it a good thing that aleo solar AG will be expanding its production capacity in 2008 from 100 to 180 megawatts and will therefore be well equipped to handle growth in the coming years.
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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