The respective expected volatility has been based on an evaluation of the historical volatility of the Company’s share price as at the grant date. As at June 30, 2018 no options are exercisable and 372,000 options are outstanding. The weighted-average contractual life of the options at June 30, 2018 amounts to 9.0 years (June 30, 2017: 9.8 years).

The expenses recognized in the profit and loss statement in relation to the share-based payment arrangements amounted to kEUR 171 in the three months and kEUR 299 in the six months ended June 30, 2018. (three months and six months ended June 30, 2017: kEUR 122 and kEUR 122, respectively).

4. Inventories

						6/30/2018		12/31/2017
						(€ in thousands)
				Raw materials and merchandise		4,419		3,017
				Work in progress		8,697		6,522
				Total		13,116		9,539

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