Good News for MORY announced by Alain Breau
Concerning MORY, which is the only company I know and about which I would like to talk, I have the pleasure to communicate two good news.
– The first one is that the MORY Group as a whole is clearly profitable from the beginning of 2008, which is probably not the case of many of our competitors, in this depressed economical environment. This is the result of the application of selling rates covering our costs and also of a fuel surcharge. It is due to the improvement of our quality and productivity.
– The second one is a 35 million Euro rise of our capital, to which all our shareholders especially the investment bankers BARKLAYS and BRIDGEPOINT subscribed. They now have 1/3 of the capital of the MORY Group; the majority of the capital is still controlled by the management.
Would financial institutions invest in a company, in which they see no future.
The conditions for MORY to continue as an independent and successful operator are met, even if it displeases envious competitors, especially those which existence is guaranteed by their share holders and not necessarily their efficiency.
Yours Faithfully
Alain Bréau
