First quarter's performance was quite satisfactory both in terms of growth and profitability. More precisely: Consolidated sales of the company amounted to 90,3 mio. Euros representing an increase of 10% over last year. Consolidated Operating Profits (EBITDA) amounted to 8,8 mio. Εuros representing an increase of 13% over last year. Consolιdated Net Profits Before Taxes reached the 7,3 mio. Εuros, showing an increase of 23% compared to the respective last year's period. Regarding the sales volume in Greece it increased by 5,8% vs. the same period a year ago. This led Papastratos market share to 15,7%, showing an increase of 0,6 vs. last year. Operating profit (EBITDA) in Greece increased by 7,1% in the first quarter 2003 vs. 2002. The sales of Papastratos Romania started showing a positive trend. The sales of the first quarter of 2003 increased by 40,5% vs. the respective period of 2002. Profitability of the first quarter is expected to be negatively influenced during the second quarter of 2003, by the weak dollar and the negative impact of Iraqi war to the company's exports.