2019 2018 Change, %
Net sales, MEUR 102.5 93.9 9.1%
EBIT excluding NRI, MEUR 17.7 19.0 -6.9%
EBIT excluding NRI, % 17.3 20.3
Non-recurring items (NRI) 699 507 38.0%
EBIT, MEUR 17.0 18.5 -8.1%
EBIT, % 16.6 19.7
Return on investment (ROI), % 28.5 36.4
Gearing, % -34.9 -35.6
Investments, MEUR 4.0 4.7 -14.8%
R&D costs, MEUR 10.7 8.8 21.1%
R&D costs, % of net sales 10.4 9.4
Earnings per share, EUR 0.87 1.03 -16.1%

Calculation of key figures