IT Competence Group N.V. reported earnings results for the fiscal 2011. In the fiscal year 2011, the group generated total revenues of EUR 13.9 million against EUR 8.6 million in 2010. Operating loss (LBIT) for the period amounted to EUR 1.9 million against EBIT of EUR 0.3 million in 2010. The loss after tax amounts to EUR 2.1 million against EUR 0.2 million in 2010. This figure was negatively affected in particular by the restructuring costs in relation with the acquisition of net on AG in 2011. The company's management believes that it will generate revenues above EUR 16 million a with an positive consolidated net income in the year 2012.