Nanogate AG reported earnings results for fiscal year of 2011. For the year, the company reported, sales increase to EUR 33.2 million against EUR 15.4 million a year ago. Earnings also came in higher than the company expected. The adjusted consolidated EBITDA amounted to EUR 4.2 million. The margin of 12.7 % was significantly higher than the target of 10 %. Adjusted earnings before taxes stood at EUR 0.8 million. Before adjustments, consolidated EBITDA came in at EUR 3.5 million against EUR 5.1 million, consolidated EBIT totaled EUR 1.0 million against EUR 0.8 million and loss before taxes were EUR 0.3 million against earnings before tax of EUR 0.3 million a year ago. The Group profited from high cash flow of EUR 3.0 million from operating activities against negative cash flow of EUR 0.6 million a year ago. For 2012, sales are thus expected to grow by at least 10% as a result, with an increase in adjusted EBITDA of 30% or more. Cash flow from operating activities should also improve again. With this forecast performance and improved profitability the Group should be in a position to pay a dividend from the current year. The Group remains dedicated to its medium- term target of generating sales of EUR 50 million and an EBITDA margin of 20%.