The distribution of a Dividend, € 0,20 per share from the profits of the year 2003, was approved today by the Annual Ordinary General Meeting of the shareholders of Kleemann Hellas, which was held in the company's installations in the Industrial Area of Kilkis. Investors entitled to the dividend are the company's shares occupants in the closing of the Athens Stock Exchange trading session of 21st June 2004.

During the General Meeting, the Management of Kleemann analyzed the company's prospects, as they are settled afterwards also by the addition in the range of its products of the Earthquake Elevator. It was also reported the strategy of Kleemann Hellas Group, according to which will be ensured not only the maintenance of its leading position in the Greek and international market, but also its dynamic extension in new markets.
 

The Management of the Company, based on Company's course up to today, estimates that the turnover of the parent company for the year 2004, is expected to move among the levels of € 63 millions. (Increased by 12,2% approximately, compared to 2003 in which was settled at € 56,1millions)

Further, the company's Gross Profit Margin will continue to move in the same as last year's high levels and it will be settled as a percentage approximately at 30% of the sales.

In the meantime, Profits Before Taxes - concerning the Parent Company - for the fiscal year 2004 are expected to be settled at the levels of € 7,8 millions, presenting an increase by 13% roughly in relation to 2003 (€ 6,9 millions) and will be derived from the operational profitability.

The consolidated sales are forecasted to be amounted to € 72,5 millions, in 2004, presenting a rise by 11% roughly, compared to 2003 (€ 65,4 millions), that will be derived not only from the increase in sales of the parent Company, but also from the increase in sales of the Group's subsidiaries.

Moreover, Profits Before Taxes are expected to follow the upward trend of sales in consolidated base, amounting to € 8,33 millions, showing an increase by 17,0% roughly, compared to 2003 (€ 7,1 millions).

It is remarkable to mention that Kleemann Hellas has been proved reliable concerning the policy that it has engraved. The company will complete in the current year productive investments of a total sum € 3-4 millions, from which a sum concerns: the extension of the company's building installations in the Industrial Area of Kilkis, the completion of the distribution center in Athens, international investments, the purchase of the mechanical equipment, and other investments concerning IT.