Logismos announced the financial results for the third semester 2003 according to which sales revenues are 2.074.282,28 euros showing an increase of 11% compared to the last year correspondent semester which were 1.876.843,03 euros.

The earnings before interest, depreciation and taxes are 707.185,05 euros increased by 7% compared to the last year correspondent semester which were 660.964,55 euros.

Finally, the profits before taxes are 20.478,65 euros, while the last year's correspondent semester were 102.601,86 euros. The profits before taxes have been influenced by the amount of depreciation, which is higher due to implementation of the company's business plan.

Since the beginning of the fiscal year Logismos realized significant investments in development and production of software products as well as improvement of existing products according to market demands. In addition to the core product, which is the Momentum ERP (Enterprise Resource Planning) the company has developed the following software applications: Momentum WMS (Warehouse Maintenance System), Momentum Budget (Complete and Dynamic Budget System) Momentum Ergon (Project Management System) Momentum e-O rder (Order Management System).

In order to enlarge the customer base, Logismos has signed an agreement with Microsoft Hellas to create the first Microsoft Certified Business Solutions Center in Northern Greece for sale, installation and support of the application ERP Microsoft Business Solutions- Navision.