Ultrasonic AG reported preliminary consolidated earnings results for the year ended December 31, 2011. For the year, sales increased by 16.9% from EUR 102.1 million in 2010 to EUR 119.4 million. Gross profit rose by 14.6% from EUR 32.2 million to EUR 36.9 million. The total IPO costs were approximately EUR 1.2 million. Cash per share as at 31 December 2011 was EUR 7.31. Depending on the amount of costs assigned directly to equity, the management board expects group profit before income tax (EBT) to range from around EUR 32.4 million to EUR 33.2 million in Fiscal Year 2011 (2010: EUR 29.4 million), which represents a 10.2 -12.9% increase to the previous year. For 2012, the management board expected group sales to continue to grow at around 15% - 20%. With the expansion of the company's production capacities by around 20%, which will be completed early in fiscal year 2013, the company expected a new boost in group sales.