Funkwerk AG announced financial results for the year of 2011. The measures already implemented, but also significant advance payments for new projects placed a burden on earnings in the downsized Funkwerk group, which closed the 2011 financial year with an operating loss (without impairment and restructuring costs) of EUR 3.2 million against EUR 1.7 million a year ago. The LBIT of the continued segments totalled EUR 13.1 million against EUR 14.9 million a year ago, while net loss improved to EUR 18.9 million against EUR 22.7 million a year ago. The sales volume in the group reduced marginally by 2.4% to EUR 164.6 million against EUR 168.6 million a year ago. Fiscal 2012 will see measures rigorously continued and implemented in operations to further improve the group's competitive strength and maintain its earning power.