Logos Group reports first half growth
www.multilingual.com 18/07/2000


The LOGOS Group has published first half results for the year 2000. Sales amounted to 8 million euros, an increase of 22.5% over the 6.5 million euros for the same period in 1999, when growth registered around 12%. The gross operating margin remained steady at around 24%.

The Group attributes the growth to a variety of different factors, such as its expansion in the export marketplace, offering more services and an increased demand. The Group has consolidated its presence with the acquisition of new companies in Belgium, Spain, France, Holland and Norway.

LOGOS now has a wider range of services available to high growth sectors, such as e-business ventures. There has also been a significant increase in demand for the localization of Web sites, portals and e-commerce platforms and the new Internet-based Application Service Provider (ASP) business model.

The Group is now focusing on the consolidation of its ASP model. The system enables clients to access a complete and fully interactive Internet-based outsourcing platform for the development, reuse, maintenance and retrieval of "knowledge," including workflow, multilingual document, knowledge management, terminology and translation memory tools.

Forecasts for the year 2000 have set a target of 18 million euros just for multilingual information services. The total output during 1999 was approximately 12 million euros.