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Active Power’s reported a decline in profits for 2011 from the previous year, attributing the drop to a lower-than-expected performance by its uninterrupted power supply (UPS) business and lower margins in its solutions business.

The company’s interim president and CEO Jan Lindelow said, “Our decline in profitability was primarily due to these factors and expense related to restructuring actions.”

Active Power’s full-year 2011 revenue was about US$75.5m – up from about $65m in 2010. Its net loss for the year, however, increased from about $3.9m reported for 2010 to about $7m in 2011.

The full-year revenue was up 16%, and the company said this was its highest annual revenue to date. Sales numbers grew across all of its regions in 2011: Americas up 2%, EMEA up 47% and Asia up 76%.

The company’s UPS revenue for the year was down from 2010, and solutions and services revenue was up.

In 2011, Active Power received its largest order to date: a $10m flywheel UPS order from an unnamed client in Switzerland. Still, its UPS revenue for the year was $26.4m – a 20% decrease year over year.

The company’s continuous power and infrastructure solutions revenue totalled $40.5m. This product group generated 54% of the company’s total revenue in 2011.

Services  revenue for 2011 was $12.8m – a 38% increase from the prior year.

During the fourth quarter, Active Power closed its Japan operations and reduced the scale of its manufacturing operations in the UK.