Tecnotree Oyj reported unaudited consolidated financial results for the fourth quarter and full year to Dec. 2012. For the quarter, net sales were EUR 22.4 million against EUR 16.1 million for the same period of last year. Operating loss was EUR 3.7 million against EUR 3.5 million for the same period of last year. Loss before taxes was EUR 3.1 million against EUR 3.3 million for the same period of last year. Loss for the period allocated to equity holders of parent company was EUR 6.3 million against EUR 7.5 million for the same period of last year.Loss per diluted share was EUR 0.05 against EUR 0.09 million for the same period of last year.

For the year, net sales were EUR 73.4 million against EUR 62.3 million for the same period of last year. Operating loss was EUR 12.4 million against EUR 11.1 million for the same period of last year. Loss before taxes was EUR 13.7 million against EUR 9.9 million for the same period of last year. Loss for the period allocated to equity holders of parent company was EUR 17.0 million against EUR 15.6 million for the same period of last year. Loss per diluted share was EUR 0.16 against EUR 0.18 million for the same period of last year. Net cash flow used in operating activities was EUR 1.3 million against EUR 17.3 million for the same period of last year. Investments in intangible assets was EUR 0.2 million against EUR 0.3 million for the same period of last year. Investments in tangible assets was EUR 0.7 million against EUR 0.7 million for the same period of last year.

The company provided earnings guidance for the fiscal year 2013. The company estimates that its net sales and operating result will improve from the previous year.