Oldenburg/Prenzlau, 12. January 2011, aleo solar AG [ISIN: DE000A0JM634] today announced that, based on preliminary calculations, it expects to have achieved revenue of EUR 553.6 million and a very solid EBIT margin in financial year 2010. The company had previously anticipated annual revenue of at least EUR 500 million. Revenue was up 47.2 percent in 2010 compared to the previous year (EUR 376.1 million).
Foreign business accounted for more than 35 percent of revenue in 2010. "Our internationalisation strategy is paying off," says York zu Putlitz, CEO of aleo solar AG. "In 2011, our sales network comprising some 1,000 specialist dealers and installers in Europe will continue to be the foundation for a strong business performance."
The 2010 annual report containing the final figures is expected to be published on 24 March 2011.
Source: aleo solar AG