SNP Schneider-Neureither & Partner AG reported preliminary group earnings results for the fourth quarter and fiscal year 2011. For the quarter, the company reported sales of EUR 7.6 million against EUR 6.8 million a year ago. Compared to a very strong fourth quarter of 2010 this represents an increase of 11.8%. EBIT amounted to EUR 1.7 million against EUR 1.9 million a year ago. In the fiscal year 2011, the company generated group sales of EUR 26.7 million against EUR 22.1 million a year ago. EBIT was EUR 4.6 million against EUR 4.6 million a year ago. The pressure on the year's result was also due in part to the investments for the international expansion drive during the reporting period and one-time effects connected with changes in the Board. The company already received orders which customers delayed in 2011 and sure that in the year 2012 both South Africa and America will also make considerable contributions to sales and operating profit. That's why the company remains confident that in the fiscal year 2012, it can attain more than 20% growth in sales and expand profitability margin.