Spector Photo Group NV reported audited group earnings results for the year 2011. For the year, the company reported revenue of EUR 197,405,000 against EUR 223,347,000 for the same period last year. Loss from operating activities before non-recurring items was EUR 1,679,000 or EUR 0.10 per share against profit from operating activities before non-recurring items of EUR 4,635,000 or EUR 0.09 per share for the same period last year. Loss from operating activities was EUR 3,411,000 against profit from operating activities of EUR 3,134,000 for the same period last year. Loss before taxes before non-recurring financial items was EUR 5,236,000 against EUR 313,000 for the same period last year. Loss before taxes was EUR 3,224,000 or EUR 0.09 per share against EUR 313,000 or EUR 0.01 per share for the same period last year. Loss from continuing activities was EUR 2,123,000 or EUR 0.06 per share against profit from continuing activities of EUR 99,000 or EUR 0.00 per share for the same period last year. Loss for the period attributable to equity holders of parent company was EUR 2,123,000 or EUR 0.06 per share against profit for the period attributable to equity holders of parent company of EUR 99,000 or EUR 0.00 per share for the same period last year. Cash outflow from operating activities was EUR 1,530,000 against cash inflow from operating activities of EUR 607,000 for the same period last year. Acquisition of property, plant and equipment was EUR 763,000 against EUR 1,980,000 for the same period last year. Acquisition of intangible assets was EUR 423,000 against EUR 2,095,000 for the same period last year. REBITDA was EUR 2,841,000 or EUR 0.08 per share against EUR 10,027,000 or EUR 0.28 per share for the same period last year. EBITDA was EUR 2,554,000 or EUR 0.07 per share against EUR 9,542,000 or EUR 0.27 per share for the same period last year.