aleo solar Annual General Meeting endorses Management Board's strategy29.06.2011 | Press
aleo solar AG today announced that its shareholders on Wednesday very clearly endorsed the Management Board's strategy at the Company's fifth Annual General Meeting (AGM). The actions of both the Management Board and the Supervisory Board were formally approved by a large majority of at least 99 percent.
All other proposed resolutions were also adopted by a large majority of at least 99 percent. It was resolved to retain aleo solar AG's accumulated profits 2010 within the company to broaden the basis for its further growth. In addition, PricewaterhouseCoopers Wirtschaftsprüfungsgesellschaft AG was again appointed as the Company's auditors for the financial year 2011.
"After a restrained first quarter in 2011 our revenue grew in April and May", informed York zu Putlitz, aleo solar AG's Chief Executive Officer, shareholders about the actual business performance. "We continue to view the outstanding quality of our modules and our sales network of more than 1,500 specialist dealers and installers as the basis of our success", affirmed zu Putlitz. "Besides our European core markets we will increasingly serve non-European markets such as the USA, Australia and Israel. The AGM endorsed our course impressively."
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.
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