The planing mill Moelven Tom Heurlin in Ånimskog is being absorbed into Moelven Wood Sverige and becoming a production unit under Notnäs Moelven Wood AB.
The acquisition of DLH's Swedish operations will bring strong growth for Moelven Wood in Sweden. Specifically, it provides a local presence in Skåne and the southern parts of Sweden.
The Group's operating result for the third quarter dropped by 17.4 per cent to NOK 66 million, compared to NOK 80 million for the corresponding period in 2015.
Operating profit in the second quarter increased to NOK 175 million compared with 48 million for the same period in 2015. It is the group's best quarterly result since 2007.
Increased delivery volumes in the Group’s woodworking business and a positive trend in the Swedish part of the module and interior business gave Moelven an operating profit of NOK 30 million in the first quarter of this year.
In 2015 the Moelven Group improved its underlying operations by NOK 50 million and achieved an operating result of NOK 215 million.
Moelven earned NOK 80 million from operations in Q3 and improved the result by NOK 62 million compared to the same period the previous year.
Morten Kristiansen has been appointed the chief executive of Moelven Industrier ASA. Kristiansen has been the acting chief executive for a year, after the previous chief executive, Hans Rindal, stepped down last autumn.
This year, Moelven’s second quarter profits from its operations amounted to NOK 48 million. That is 35 million less than in the corresponding period last year. But before impairments and cost corrections, underlying operations showed an improved performance.
The NOK 22 million operating profit in Q1 is down NOK 32 million compared to Q1 2014.
With an operating profit of NOK 204 million for 2004 Moelven Industrier ASA posted its best results since 2010.
Moelven Industrier improves on its operating profit for Q3 by NOK 46 million compared to the same quarter last year. The earnings improvement is attributed to operational improvements and more favourable market conditions.
The Board of Directors of Moelven Industrier ASA today agreed with Hans Rindal that he is to step down as CEO. Rindal has been employed by Moelven Industrier ASA since 1995 and has held the position as CEO since 2006.
The operating profit of NOK 137 million posted by Moelven at the end of the first six months of the year shows that the group is performing better than it has for a long time.
Moelven posted a NOK 53.7 million profit on the company's operations during the first quarter of 2014, i.e. NOK 117.6 million more than for the same quarter last year.
Moelven posted a NOK 36 million profit on the company's operations during the final quarter of the year, i.e. NOK 69 million more than for the same quarter last year.
Moelven's operating result for the third quarter showed a loss of NOK 28 million, compared with a loss of NOK 14 million in the same period last year.
Moelven's revenue ended at NOK 11 million in the second quarter of the year. This is significantly better than in the first quarter of the year, but is weaker than the NOK 46 million made in the same quarter last year.
A challenging European export market is the main reason for Moelven's operating loss of NOK 64 million in the first quarter.
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.
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
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.
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.
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.
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.