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Thursday, October 21, 2021

B. Hierarch: Profits of € 29.3 million from operating activities for Logicom

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Inevitably, the technology sector has been affected by the pandemic in different ways and at different levels, said the Vice President and CEO of Logicom Group Barnabas during his speech at the Annual General Meeting of the Group.

He noted that we have seen leaps and bounds in technologies related to, among others, the Cloud, teleworking, distance learning, digital infrastructure, cybersecurity, Big Data Analytics and others, thus accelerating even more the digital transformation.

The CEO stated that “Undoubtedly for the Logicom Group, the pandemic is one of the biggest challenges we were called to manage last year, as well as the year we are going through now. From a very early age, we complied with all appropriate measures to protect the health and safety of our staff, customers and associates, as well as our business and maintaining our growth potential. It is with great satisfaction that I find that we have managed to effectively protect our colleagues and avoid the transmission of COVID in our work environment “.

He stated that “The financial results of the Group for 2020, I believe that reflect and prove the proper management of the crisis and the very serious effects of the pandemic. I also believe that they highlight Logicom's ability to adapt quickly and effectively to new circumstances, to identify and manage changing priorities in real time and in the best possible way, to monitor and adjust its strategy accordingly. “

In these unprecedented commercial and economic conditions, the Group managed to maintain operating profit at € 29.3 million compared to € 30.6 million last year, he said in his speech.

Logicom, consolidating its leading position in technology, in the wider region of Europe and the Middle East, is and remains a strategic choice of customers and global technology giants, he said.

Indicatively, in the field of distribution,

• Strengthening our partnerships with Microsoft companies in Surface products in Greece, Cyprus and Saudi Arabia. HP for Retail Customer Service in Oman and Bahrain

• New Distribution partnerships with Oracle for the Saudi Arabian market and with Lenovo and Dell in a number of Gulf countries.

• Suppliers have also trusted the distribution of their products to new countries such as Morocco and Egypt, in which the group has built its presence

The projects undertaken by the Group

Mr. Irinarchou stated that “In the field of Services, we have undertaken the execution of complex and complex projects of strategic importance for the Public, semi-public and private sector in Cyprus and Greece.

We have signed the contract for Island 6 of SYZEFXIS II, which concerns the renewal and expansion of the infrastructure of the Greek State with Cisco solutions, covering a significant part of Attica and all the Cyclades, corresponding to 153,000 jobs.

Of particular importance is the successful conclusion of the competitions for the transformation of Nicosia and Paphos into smart cities. The advent of 5G and the consequent creation of e-services and interactive automated, citizen-friendly systems is one of the most powerful levers for the development of smart cities. It is an important milestone in the history of Nicosia and Paphos, and we are very proud that Logicom has been chosen to implement it.

We undertook and carried out various projects related to the security of critical infrastructure in the private and public sectors.

We have also undertaken and are carrying out projects for the digital transformation, strategy and business analytics of several organizations active in the financial sector.

We are pleased to note that the high level of service and knowledge of Logicom Group executives is confirmed by the many awards and distinctions that the Group has received from our partners, including Cisco, Microsoft, Hewlett Packard Enterprise, Veeam, Sophos, Lenovo, et al. It is worth mentioning that Logicom Solutions, last year, was awarded by Cisco with four honors, including the “Ecosystem Partner of the Yar” for the EMEAR South region, within the CISCO Partner Summit Digital 2020.

In the field of desalination, the Diocese remained closed for the whole of 2020. Following the instructions of the Department of Water Development, we started this year, from June 1, water production at half capacity of the unit, while from June 23 we will increase production to full capacity.

The desalination plant in Larnaca, following the instructions of the Department of Water Development, was operating during the longest period of 2020 at half capacity, while since May this year we have received instructions to increase production “.

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Source: www.philenews.com

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