DGAP-News

aleo solar AG records a sharp drop in revenue and negative earnings in financial year 2013

DGAP-News: aleo solar AG / Key word(s): Final Results
aleo solar AG records a sharp drop in revenue and negative earnings in
financial year 2013

23.04.2014 / 09:32

---------------------------------------------------------------------

aleo solar AG [ISIN: DE000A0JM634] today published its 2013 annual report.
The company posted revenue of EUR 124.9 million, down by 55.4% from the
previous year (EUR 279.9 million). The 2013 financial year closed with
earnings before interest and taxes (EBIT) of EUR -92.0 million (2012: EUR
-77.0 million). The EBIT margin dropped to -73.7 percent (2012: -27.5
percent) and earnings per share fell to EUR -7.46 (2012: EUR -6.48). The
preliminary figures announced earlier differ from the final annual
financial statements due to the request by Robert Bosch GmbH on 4 February
2014 to liquidate aleo solar AG.

The business of aleo solar AG in 2013 was dominated by sharply contracting
photovoltaic markets in Europe. The volume of new PV installations in
Germany fell by 57 percent year-on-year. Italy and France saw a similar
decline in new installations in 2013.

On 5 February 2014, aleo solar AG entered into an agreement to sell
material components of the aleo solar Group's operating business, including
the production site in Prenzlau and the aleo brand, to SCP Solar GmbH,
Hamburg. "We are hopeful that the sale will become effective soon," said
York zu Putlitz, CEO of aleo solar AG.

As resolved by the extraordinary annual meeting on 15 April 2014, aleo
solar AG will be liquidated. In order to ensure that liquidation proceeds
in a socially responsible manner, a reconciliation of interests for the
Prenzlau and Oldenburg sites was agreed with the works council.

Contact:
Corporate Communications:
aleo solar AG | Dr. Hermann Iding | Osterstraße 15 | 26122 Oldenburg |
Germany
T [phone] - 390 | F [phone] - 120
E [e-mail] | www.aleo-solar.com


End of Corporate News

---------------------------------------------------------------------

23.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language: English
Company: aleo solar AG
Marius-Eriksen Straße 1
17291 Prenzlau
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.aleo-solar.de
ISIN: DE000A0JM634
WKN: A0JM63
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


End of News DGAP News-Service
---------------------------------------------------------------------
264148 23.04.2014