Fatal accident casts gloom over half-year results

13 August was one of the darkest days of Moelven’s history. That day an employee lost his life in a fall accident at Moelven Edanesågen AB in Sweden. “We are unable to celebrate a good half-year result as we have just had a fatal accident,” says CEO Morten Kristiansen of Moelven Industrier ASA.

Read the quarterly report for Q2 2020 here

Annual Report

2019 was characterised by major fluctuations for Moelven, and for the first time in five years there was a decline in the Group’s operating revenues and operating profit. Operating revenues were NOK 10,297.5 million in 2019, with an operating profit of NOK 335.4 million. The prospects for 2020 are very uncertain due to the coronavirus outbreak, which is having an impact on both Moelven and the world as a whole.

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