March 5, 2010

Oldenburg, Germany: Aleo Solar Announces 2009 Financial Results

Aleo solar AG has 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).

Jakobus Smit, CEO of aleo solar AG, said: "Our excellent market position as a premium manufacturer with its own sales organization proved its merit in the past year. Quality modules and a strong brand remain our guarantors of success even in difficult times."

The European sales network of aleo solar AG now comprises some 1,000 specialist dealers and installers.

Further details about: Aleo Solar AG