Events and news of the MORA Group

Events and news of the MORA Group
Mora, winner of Intranet trophy ! ***
Financial situation of the MORA Group After the financial year 2001 during which the MORA Group in France generated a very positive cash-flow of K€ 3.400 and improved considerably its debt ratio (- K€ 3.400 compared to year 2000), it is still too early to publish definitive figures for the financial year 2002. Nonetheless, we can already indicate that cash-flow will remain very positive despite an even more difficult period owing to the decrease in our development and mould activity. Moreover the balancesheet has significantly improved ; the debt ratio was reduced by K€ 4.800 compared with last year. After a share capital increase subscribed entirely by individual shareholders and financial institutions, the bank pool demonstrated its confidence to the Group by conceding in October 2002 a long and medium term loan amounting for K€ 1.839. Currently, the development and mould activity has recovered a lot and our orders are 20% higher compared with last year. Injection activity remains the same. Owing to administration measures taken in 2002 with, on one hand, the integration of our production on 2 injection plants instead of 3, and on the other hand, the reduction of our debt ratio ( measures generating a cut in fixed costs amounting for about K€ 1.000 a year), the current activity should lead to a significant increase of the cash-flow, along with the continuation of the debt ratio decrease. 11/2002 Jean-Pierre LACROIX Managing Director	Média : Journal du Net 11/2002 Usine Nouvelle 11/2002 Journal Présence CCI Grenoble 11/2002 Journal du Net 09/ 2002 .
Jean Pierre LACROIX - Managing Director of the MORA Group

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