Tognum, at the end of the first quarter, has confirmed its forecast for the full-year 2012. The company continues to expect a single-digit percentage growth in revenues and an adjusted return on sales of over ten per cent. “As a result of an order backlog that remains strong at over two billion euros, we are confident that we will achieve our targets for the 2012 financial year,” said Joachim Coers, CEO of Tognum AG. The order intake in the first three months of 2012 was solid at €771.5 million (Q1 2011: €817.9 million). Revenues were up 3.6% compared with the same quarter last year to €685.3 million (Q1 2011: €661.4 million). The adjusted EBIT was down 5.8% to €67.7 million (Q1 2011: €71.9 million). The decline results primarily from a scheduled increase in R&D expenditure.