aleo solar AG [ISIN: DE000A0JM634] today announced that, based on preliminary calculations, it expects to have achieved revenue of EUR 279.9 million in the financial year 2012. Revenue was down 39 percent in 2012 compared to the previous year (EUR 461.8 million). Foreign business accounted for around 58 percent of revenue in 2012.
aleo solar AG expects to have closed the financial year 2012 with a substantial net loss.
The loss is due mainly to the continued erosion of module prices and the one-off expenses triggered by the factory closings in Spain and China,” said York zu Putlitz, CEO and CFO of aleo solar AG. The company also recognised an impairment loss on assets.
aleo solar’s financing remains secured through a Group credit facility granted by Robert Bosch GmbH.
The 2012 annual report containing the final figures is expected to be published on 26 March 2013.
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.