aleo solar AG [ISIN: DE000A0JM634] today announced revenue of EUR 376.1 million (previous year: EUR 360.5 million) and EBIT of 16.0 million (previous year: EUR 23.8 million) for financial year 2009, according to preliminary calculations. Despite the difficult market environment, the EBIT margin was a solid 4.3 percent (previous year: 6.6 percent). Earnings per share are expected to come in at EUR 0.78 (previous year: EUR 1.20).
aleo solar AG today announced the signing of a supply contract with the Mexican installation company Grupo Desmex S.A. in January, further expanding its leading position in the Mexican photovoltaic market. The frame contract covers solar modules with a rated output of 5,000 KW, which are to be supplied by the end of the year.
aleo solar AG today announced that according to preliminary calculations, the company generated revenue of EUR 375 million in 2009. After a slow first six months, business picked up considerably from July, leading to a EUR 15 million year-on-year increase in revenue.
aleo solar AG today announced that it has delivered modules for two solar farms in the Czech Republic. Installed on greenfield sites, the power plants have a maximum rated output of around one megawatt each. Grid connection is planned for December.
aleo solar AG today announced growing demand for its modules for commercial rooftop solar power facilities in Belgium. In October, two solar power plants rated at 350 KW and more than 500 KW respectively went online in Flanders. Many more orders are already in the pipeline for the year 2010.
aleo solar AG today announced that it is enjoying particularly high levels of follow-on orders. The trend is seen in private solar rooftop installations, agricultural and industry facilities as well as greenfield sites: most follow-on projects and expansions are again using aleo solar modules.
aleo solar AG today announced an expansion to its international business in Europe: its market share in Greece is now 16 percent. Of the nearly 38 megawatts of photovoltaic power that have now been connected to the country's national grid (according to its operator, Hellenic Transmission System Operation) aleo solar has supplied more than 6 megawatts since 2007.
aleo solar AG (ISIN: DE000A0JM634) generated revenue of EUR 220.8 million in the first nine months of 2009 (January to September 2008: EUR 256.2 million). The positive EBIT of EUR 0.3 million confirms the trend reversal that the company achieved in the second quarter.
aleo solar AG today announced that it will supply solar modules for several solar power facilities in Israel. This year, the sun-soaked Mediterranean country will see the installation of aleo modules with a rated output of more than 200 kilowatts.
aleo solar AG today announced that it will be offering a free photovoltaics training program to support installers in the USA and Canada. This innovative program enables installers with various levels of experience to receive free training by reimbursing tuition costs.
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 approximately 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.
aleo solar AG
Dr. Hermann Iding
26122 Oldenburg Germany
T +49 (0) 441 219 88 - 0
F +49 (0) 441 219 88 - 120
HOSCHKE & CONSORTEN
Heimhuder Str. 56
20148 Hamburg Germany
T +49 (0) 40 36 90 50 - 55
F +49 (0) 40 36 90 50 - 10