Foreign business accounted for around 58 percent of revenue in 2012.
In a written statement the company said it 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.
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