Q-Cells SE reported unaudited preliminary earnings results for the fourth quarter and full year of 2011. The company's revenues increased in the fourth quarter of 2011 as compared to the previous quarter to EUR 353 million and third quarter 2011 of EUR 229 million. LBIT for the fourth quarter totalled approx. EUR 355 million. Net loss after interest and taxes totalled approx. EUR 393 million. Without taking additional effects into account, LBIT for the last quarter totalled approx. EUR 40 million slightly above the previous quarter's EUR 47 million. For the year, the company's sales revenues reached EUR 1,023 million, LBIT was EUR 720 million and net loss was approx. EUR 846 million. The company's production volume in 2011 amounted to 783 megawattpeak (MWp), of which 717 MWp were attributable to solar cell production (Malaysia's share: nearly 60%) and 66 MWp to production of thin-film modules by subsidiary Solibro GmbH. Additionally, the company processed crystalline modules with a volume of 390 MWp at external partners' facilities as well as in its own module processing facilities in Bitterfeld-Wolfen, Germany. These solar modules were both used in Q-Cells' own projects as well as for module sales. The company reported impairments on property, plant and equipment of approx. EUR 226 million and impairments for inventories totalled about EUR 53 million for the fourth quarter of 2011. The company expects further losses during the demanding 2012 financial year. The company expects to achieve a positive EBITDA in 2013.