The 2011–12 EHF Women's Champions League knockout stage ran from 31 March to 13 May 2012. The top two placed teams from the main round advanced to the semifinals.
Semifinals
edit| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
CS Oltchim Rm. Vâlcea 
|
58–62 |  Győri Audi ETO KC
|
35–31 | 23–31 |
Larvik HK 
|
33–45 |  Budućnost Podgorica
|
20–22 | 13–23 |
First leg
edit| 31 March 2012 16:45 |
Larvik HK
|
20 – 22 | Budućnost Podgorica
|
Arena Larvik, Larvik Attendance: 2,800 Referees: Badura, Ondogrecula (SVK) |
| Koren Riegelhuth 8 | (12–12) | Bulatović, Popović 6 | ||
3× 2×
|
Report | 3× 6×
|
| 1 April 2012 18:00 |
CS Oltchim Rm. Vâlcea
|
35 – 31 | Győri Audi ETO KC
|
Sala Sporturilor Traian, Râmnicu Vâlcea Attendance: 3,140 Referees: Stolarovs, Licis (LAT) |
| Pușcașu 7 | (13–17) | Amorim 10 | ||
| 3× 4×
|
Report | 3× 2×
|
Second leg
edit| 7 April 2012 16:00 |
Győri Audi ETO KC
|
31 – 23 | CS Oltchim Rm. Vâlcea
|
Veszprém Aréna, Veszprém1 Attendance: 5,000 Referees: Dentz, Reibel (FRA) |
| Görbicz 12 | (19–12) | five players 3 | ||
| 3× 6×
|
Report | 3× 6×
|
| 8 April 2012 19:00 |
Budućnost Podgorica
|
23 – 13 | Larvik HK
|
Morača Sports Center, Podgorica Attendance: 4,500 Referees: Opava, Valek (CZE) |
| Popović 7 | (10–7) | Sulland 3 | ||
| 3× 2×
|
Report | 3× 1×
|
- Notes
- Note 1: Győri Audi ETO KC played their home match on Veszprém Aréna in Veszprém as it has a greater capacity than their own Magvassy Mihály Sportcsarnok from Győr.
Final
edit| Team 1 | Agg. | Team 2 | 1st leg | 2nd leg |
|---|---|---|---|---|
| Győri Audi ETO KC
|
54–54 | Budućnost Podgorica
|
29–27 | 25–27 |
First leg
edit| 5 May 2012 17:15 |
Győri Audi ETO KC
|
29 – 27 | Budućnost Podgorica
|
Veszprém Aréna, Veszprém1 Attendance: 5,000 Referees: Fleisch, Rieber (GER) |
| Görbicz 12 | (13–12) | Popović 14 | ||
| 3× 2×
|
Report | 3× 5× 1×
|
Second leg
edit| 13 May 2012 19:00 |
Budućnost Podgorica
|
27 – 25 | Győri Audi ETO KC
|
Morača Sports Center, Podgorica Attendance: 4,000 Referees: Gjeding, Hansen (DEN) |
| Bulatović 9 | (13–12) | Görbicz 9 | ||
| 3× 9×
|
Report | 3× 3×
|
- Notes
- Note 1: Győri Audi ETO KC played their home match on Veszprém Aréna in Veszprém as it has a greater capacity than their own Magvassy Mihály Sportcsarnok from Győr.