Solar-Fabrik AG reported group earnings results for the year 2011. For the period, the company reported revenue of EUR 176,899,000 against EUR 227,279,000 a year ago. EBITDA was EUR 4,624,000 against EUR 14,888,000 a year ago. EBIT was EUR 776,000 against EUR 11,349,000 a year ago. Net loss from continuing operations was EUR 360,000 against profit of EUR 8,428,000 a year ago. Net loss was EUR 4,150,000 against profit of EUR 7,667,000 a year ago. Loss per share was EUR 0.28 against earnings per share of EUR 0.64 a year ago. Net cash flow from operations was EUR 3,099,000 against EUR 13,047,000 a year ago. The total net result is heavily impacted by the decision to discontinue the Solar Cell Production, leading to one time charges mainly from write-offs from fixed assets and working capital, particularly prepayments for a wafer supply contract. Revenue decreased by 22.2% due to price erosion. Increased global competition and oversupply decreased the average sales price by 37.8%.