Increased demand for wood products: Moelven recorded a profit figure of NOK 163 million in the third quarter of 2020
Increased focus on renovations and maintenance continue to have a positive effect for Moelven, and the Group can report the highest Q3 revenue in 13 years.
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.
Moelven posted a NOK 70 million profit on operations during the first quarter
Moelven started the year on a positive note, and the coronavirus pandemic has not yet significantly impacted the group’s operations. However, the pandemic makes it almost impossible to predict the future.
Moelven’s earnings were NOK 335 million in 2019
Last year was characterised by significant fluctuations for Moelven. This is evident from the preliminary operating result for the group. Moelven had sales of NOK 10,297.5 million in 2019, and delivered a operating result of NOK 335.4 million.
Wallenstad appointed Marketing Director
Fredrik Wallenstad takes on the role as Marketing Director in Moelven Timber. He will be starting in his new position December 1.
Moelven sees opportunities in a more demanding market
Moelven Industrier ASA achieved operating revenues of NOK 43.6 million in the third quarter. This is a decrease of NOK 86.0 million compared to the same period of 2018.
Moelven earned more than NOK 300 million in the first six months
Moelven Industrier ASA has a strong first six months behind it, with operating income of NOK 309.1 million. “There is a lot to suggest that the remainder of the year may be more unpredictable,” says CEO Morten Kristiansen.
Good start to the year for Moelven
International demand for wood products is once again contributing to a strong quarterly result for Moelven. Operating income for the year’s three first months was NOK 140.9 million.
Moelven and SCA enter into pellet collaboration
Moelven has entered into a cooperation agreement with SCA to deliver pellets from Moelven’s new pellet factory.
Historic results from Moelven
In 2018 Moelven delivered its best fourth quarter of all time, and is on course for an annual result that is the second best in the group’s history.