ItN Nanovation AG reported consolidated earnings results for the year ended 2012. The consolidated operating performance in 2012 was EUR 3.4 million following a non-consolidated operating performance of EUR 3.6 million in the previous year. Consolidated sales fell compared to the non-consolidated sales of the previous year by EUR 0.6 million to EUR 2.2 million. This was mainly due to the delayed awarding of contracts in the area of water filtration technology. The consolidated loss improved by EUR 1.0 million to EUR 6.5 million.

For the financial year 2013 the company has set itself the target of achieving consolidated sales in the high single-digit millions. The company is not expected to achieve a sustained profit until 2014.