July 15, 2009

Oldenburg, Germany: Aleo Solar Reports Second Quarter Revenues

aleo solar AG today announced that its revenue in the second quarter of the current year increased by 185 percent compared to the first quarter to reach EUR 87.5 million. As a result, aleo solar AG has matched the revenue level of the previous year in the second quarter of 2009.

"After a slow start, we have achieved a turnaround with revenue of EUR 118 million in the first six months," said Jakobus Smit, CEO of aleo solar AG. "Positioning ourselves as a premium manufacturer with a focus on specialist solar dealers, a strong sales force and a strong brand has paid off. We are now well-placed to cope with an even tougher competitive environment."

"Demand for our premium products remains high," added Sales Director Norbert Schlesiger. "The costs for fully installed photovoltaic power plants have fallen more rapidly than the degression of feed-in tariffs, which has led to very high profitability for operators."

Further details about: aleo solar AG