Twintec AG Reports Consolidated Earnings Results for the Year Ended December 31, 2011
Twintec AG reported consolidated earnings results for the year ended December 31, 2011. For the year, the company reported revenues of EUR 2,787,987 from EUR 2,696,000 reported a year ago. Loss from ordinary activities was EUR 12,339,280.82 from EUR 246,548.84 reported a year ago. Net loss was EUR 12,363,344.59 or EUR 2.52 per share from EUR 217,324.47 or EUR 0.05 per share reported a year ago. EBITDA in negative was EUR 7,229,000 from EBITDA of EUR 1,190,000 reported a year ago. EBIT in negative was EUR 9,652,000 from EBIT of EUR 4,000 reported a year ago. EBT in negative was EUR 10,128,000 from EUR 308,000 reported a year ago. Cash outflow from operating activities was EUR 1,567,082.76 from EUR 2,253,975.38 reported a year ago. Purchases of tangible assets were EUR 212,245.65 from EUR 1,016,740.07 reported a year ago.