Clere AG announced financial results for the financial year from July 1, 2016 to December 31, 2016. For the year, the company reported consolidated net income totaling EUR 4.0 million; the positive result was mainly achieved by clarifying various tax-related aspects and the associated reversal of provisions in the Group. Earnings before interest and taxes (EBIT) amounted to negative EUR 3.0 million, compared to negative EUR 6.7 million for the previous year. This was mainly due to the short fiscal year 2016 and other operating expenses. The EBIT mainly consisted of outlays for legal and advisory services, as well as expenses for the company's restructuring, the change in business location to Berlin and the establishment of a new team. Because of the reversal of tax provisions, net profit was EUR 4.0 million as compared to EUR 32.8 million a year ago. Earnings per share thus amounted to EUR 0.67 as compared to EUR 5.56 a year ago.