Oldenburg-based Aleo’s top line was boosted by the annual rush to beat feed-in tariff changes in Germany, with its full-year revenues now expected to come in at €462m – 17% lower than 2010.
That is better than the €440m it forecast in November – but still substantially worse than the €515m it was predicting until then.
The company, which is majority owned by engineering giant Bosch, also announced its chief sales officer Norbert Schlesiger resigned from 31 December and says it has “no plans at this point” to replace him.
Aleo’s
