Vtion Wireless Technology AG reported preliminary earnings results for the third quarter and nine months of 2012. For the quarter, the company reported EUR 21.54 million in sales revenues. The company reached earnings per share of EUR 0.12. Operating cash flow improved to EUR 1.82 million.

For the nine months period, the company reported sales revenue of EUR 58.73 million compared to EUR 55.87 million a year ago. The company reached earnings per share of EUR 0.30, compares to EUR 0.31 per share for the first nine months of 2011. Cash flow from operations was negative of EUR 1.91 million.

The company provided earnings guidance for the year 2012. For the full year 2012, the company expects revenue between EUR 80 million and EUR 100 million, with an EBIT margin of 10%. On the basis of the results of the first nine months of 2012, the company expects its full year results to be around the bottom end of the guidance, due to aforementioned macroeconomic headwinds and pricing pressure in the tablet PC business segment.