Logismos, an Information Systems company based in Thessaloniki, announced the financial results for the fiscal year 2004 according to which the sales revenues (3.613.986,46 euros) are almost the same compared to the previous fiscal year (3.682.905,53 euros). The gross operating income (profit) is 3.237.037,72 euros showing an increase of 2,45% compared to the previous fiscal year which was 3.159.642,48 euros and is equal to 89,6% of the sales revenues. The earnings before interest, depreciation and taxes are 1.579.339,46 euros decreased by 2,5% compared to the previous fiscal year which were 1.619.185,16 euros.

Finally the profits before taxes are 408.657,00 euros showing a decrease compared to the previous fiscal year which were 676.226,58 euros. The profits before taxes have been influenced by the increased amount of depreciation, due to the higher investments made in implementation of the company's business plan.

Logismos' activities cover two main IT Sectors. The first sector is the Production of Application Software and the second sector is the IT System Integration. The core product of the company is the Enterprise Resource Planning System with the brand name momentum. Momentum erp has been installed to more than 200 enterprises with more than 2.300 users.

In addition to momentum erp, the company has developed the following software applications: momentum warehouse management system (Warehouse Maintenance System), momentum budget (Complete and Dynamic Budget System) momentum ergon (Project Management System) momentum e-order (Order Management System.