Report on the extent of research and development

The Group made research and development efforts and engaged in product development in all of its divisions. In the 2011 fiscal year, the Group’s R&D costs totalled EUR 4.8 million (2010: EUR 3.0 million and 2009: EUR 2.6 million), corresponding to 3.9 per cent of net sales (2.3 per cent and 2.2 per cent).