Tecnotree Oyj announced consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net sales of EUR 16.1 million against EUR 14.0 million a year ago. Adjusted LBIT was EUR 2.0 million against EUR 3.2 million a year ago. For the full year, the company reported net sales of EUR 62.3 million against EUR 60.7 million a year ago. Operating loss was EUR 11.1 million against EUR 8.1 million a year ago. Loss for the period was EUR 15.6 million against EUR 11.0 million a year ago. Adjusted operating loss was EUR 1.7 million against EUR 2.5 million a year ago. Total revenue was EUR 62.5 million against EUR 60.7 million a year ago. The company also estimates that net sales and the operating result in 2012 will be better than in 2011; the adjusted operating result is estimated to be positive; variations in the quarterly figures will be considerable.