14.05.2013
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DGAP-News: aleo solar AG reports drop in revenue in the first quarter of 2013
DGAP-News: aleo solar AG / Key word(s): Quarter Results
aleo solar AG reports drop in revenue in the first quarter of 2013
14.05.2013 / 07:50
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aleo solar AG (ISIN: DE000A0JM634) today announced that it generated
revenue of EUR 31.1 million in the first three months of 2013. This means
that aleo solar's revenue decreased by 58.3% compared to the first quarter
of 2012 (EUR 74.6 million). Earnings before interest and taxes (EBIT) came
in at EUR -16.3 million (EUR -8.2 million), and the EBIT margin was -52.4
percent (-11.0 percent). Earnings per share amounted to EUR -1.35 (EUR
-0.63).
Demand in many key European markets declined year-on-year and the erosion
of prices continues to depress both revenue and margins. The decline in
revenue was also due to extraordinary effects: in the previous year, the
political debate on the Renewable Energy Sources Act in Germany had
resulted in a surge of installed capacity to almost two gigawatts. Since
the beginning of the year, the company has offered financing for
photovoltaic installations in the United States with a total volume of USD
100 million. 'We therefore feel we have good opportunities to expand our
business in the US market,' said York zu Putlitz, CEO of aleo solar AG. 'We
want to maintain or increase our market share in our European core markets.
To do this, we continue to bank on the quality of our products and
services. There is growing demand for our services as an advisor and
systems provider in the photovoltaic business, which is growing ever more
complex.' Nevertheless, for the remainder of the year aleo solar AG expects
demand to remain subdued, both in Germany and on the international markets.
End of Corporate News
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14.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: aleo solar AG
Marius-Eriksen Straße 1
17291 Prenzlau
Germany
Phone: +49 (0)3984 8328-0
Fax: +49 (0)3984 8328-115
E-mail: [email protected]
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
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210873 14.05.2013
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