aleo solar expects surge in sales from Germany

Module manufacturer, aleo solar said it experienced weaker demand and continued price erosion in the first-half of the year due to changes in the German FiT and continued price erosion. Revenue reached €232 million, a decline of 28.3%, compared to the prior year period.

On a regional basis, aleo solar reported foreign business accounted for 58.3% of sales in the first six months of 2012, compared to 49.9% in the previous year period. However, management warned that demand in many markets would decline as a result of FiT cuts, citing stagnating core European markets, which would put heavy pressure on revenue and earnings.

The company recorded an EBIT loss of €23.5 million, compared to a positive EBIT of €3.4 million in the same period a year ago.

Production

In the first six onths of the year, aleo solar’s module production output reached 197.7MW, compared to nameplate capacity at its plant in Prenzlau, Germany, of 280MW.

Guidance lowered

With restored certainty over the German FiT, management expects a surge in sales from its domestic market, yet continued industry market conditions are expected to result in lower full-year sales of approximately €370 million, compared to previous guidance of €410 million. The company will end the year on a significant loss, though management did nott allude to the figure.

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!
Next Generation Solar PV Finance

Publications

  • Photovoltaics International 24th Edition

    Signs earlier in the year of the global industry entering a growth phase have now been confirmed beyond any doubt. Almost all the big-name suppliers have now announced some form of manufacturing capacity expansion, a trend that analysts agree will only gather pace as long as the levels of demand predicted over the next few years turn out to be correct.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media