Chargeurs SA reported revenue results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total revenue of €116.7 million compared to €128.5 million a year ago period.

For the full year, the company reported total revenue of €524.7 million compared to €552.3 million a year ago period.

The company provided consolidated earnings guidance for 2012. The Group will report a net loss for the year, estimated at approximately €16 million. The €26 million unfavorable swing compared with 2011 reflects a €17 million decline in operating profit ­ breaking down as €9 million due to lower volumes, €5 million due to the negative price effect and €3 million corresponding to non-recurring items­, a €4 million loss from discontinued operations and the previously announced roughly €5 million reduction in deferred tax assets. Throughout 2012, the company gave priority to rapidly paying down debt. As a result, net debt at December 31, 2012 should amount to just €32.6 million against €80.6 million at end-2011, representing an improvement of more than 60%.