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Moelven posts a loss of NOK 64 million
A challenging European export market is the main reason for Moelven's operating loss of NOK 64 million in the first quarter.
Head of Moelven sees room for improvement
The companies in the Building Systems division returned good results, and this yields a profit from operations for the Group as a whole. In Ängsnäs Glänta, a residential area in the south of Stockholm, has Åke Sundvall Byggnads AB built a wood modul based two apartment buildings of three floors supplied by Moelven ByggModul AS. Photo: Jan Lillehamre.
Moelven has returned an operating profit of NOK 17 million for 2012. This is roughly the same as last year and is close to a break-even result. CEO Hans Rindal sees plenty of room for improvement.
The President and CEO sees long-term challenges for export industry: Moelven lost 14 million in the third quarter
President and CEO Hans Rindal knows that circumstances can change quickly, but as he sees it, we are likely to be well into 2013 before Moelven's markets improve.
A challenging market for industrial timber and a weak euro meant that Moelven ended the third quarter with an operating loss of NOK 14 million. Moelven's President and CEO believes that the challenges facing export industry in a competitive market could last for a while.
Moelven earned NOK 45.5 million
Moelven reported operating revenues of NOK 2,186 million for the second quarter, which is thus on par with the same period last year. The operating profit was NOK 45.5 million, which is NOK 10 million less than the corresponding period last year
Positive results for Moelven
Moelven posted a NOK 19 million profit on the company's operations during the first quarter of the year, i.e. NOK 45 million more than for the same period last year.
Moelven launches 2011 annual report on the web
Today, Moelven publishes an internet version of its 2011 annual report. See video with President and CEO Hans Rindal and Moelven's divisional managing directors.
How Moelven intends to win customers on the internet
Norewgian "Viking ship" built with Glulam
Today's internet users don't hang around. Moelven wishes to provide better customer service online - with an information architecture to suit a modern, rather impatient user.
International award for turbine blades of laminated timber
On Thursday evening, Åge Holmestad of Moelven Limtre AS and Svein Dag Henriksen of Hydra Tidal AS received the innovation award Schweighofer Prize 2011 for their work on laminated timber turbine blades for a floating power station project at Gimsøystraumen in Nordland based on ocean and tidal currents.
Moelven news
Presscontact
Tom Erik Holmlund
Communication advisor
Moelven Industrier ASA
+47 91668668
tom-erik.holmlund@moelven.com
Presscontact
Kristin Vitsø Bjørnstad
Director of Communications and HR
Moelven Industrier ASA
+47 90713701
kristin.bjornstad@moelven.com
Facts about Moelven
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