Solar-Fabrik AG announced earnings results for the first quarter ended March 31, 2012. The company reached a revenue of EUR 19.1 million against EUR 36.9 million, of which EUR 1.5 million resulted from the sale of a solar park in the new installation business. The company reported first quarter 2012 EBIT of EUR 1.5 million against a LBIT of EUR 0.4 million and a net result of EUR 1.3 million against a net loss of EUR 0.9 million a year ago. The revenue decrease is predominantly price driven, whereas the price erosion is mostly provoked by the most recent changes of the German feed-in-tariff (FIT) regulation.