Report on the extent of research and development

Report on the Extent of Research and Development

The Group carried out research and development and engaged in product development in all of its divisions. For the 2015 fiscal year, the Group’s R&D costs totalled EUR 13.8 million (2014: EUR 13.8 million and 2013: EUR 11.9 million), corresponding to 12.8 per cent of consolidated net sales (14.2 per cent in 2014 and 11.9 per cent in 2013).