In 2004 the sales of the company saw an increase of 99,54 %. From 11.273 thousand euros in 31/12/03 to 22.440 thousand euros this year. The net profit before VAT rose to 3.878 thousand euros in 31/12/2004, from 510 thousand euros in 31/12/2003, making an increase of 660,22 %.

The gross profit margin increased the current year from 41,05% in 31/12/2003, to 48,48%, in 31/12/2004, whereas the administrative expenses were reduced from 38,78% of turnover in 31/12/2003, to 29,66 % of those in 31/12/2004. The depreciation of fixed assets during the current fiscal year was increased by 60,21% since the depreciation expenses of 2004 came to 3.552 thousand euros to the 2.217 thousand euros of the previous year.

The EBIDTA profit (before VAT, interest and depreciation) increased by 191,69 % since, from 2,591 thousand ? of the previous 12 months, they reached 7,558 thousand euros in 31/12/2004, bringing us the above satisfactory net and before VAT result.

The company's management has decided to recommend to the Shareholder's Annual Meeting which is planned for the third week of April, a dividend of 0,11 euros per share, distributing 1.909.600 euros to their 17.360.000 shareholders, till 31 May 2005.-