“Strong results, but uncertain times ahead”
Moelven is posting its best ever second quarter results, but is gearing up for a more challenging future. "The next six months will be impacted by considerable uncertainty and variations in demand. Going forward we envisage that our everyday operations will be more like those that we experienced before the pandemic," says CEO Morten Kristiansen of Moelven Industrier ASA.
Thanks employees for Moelven's strongest result
"The way that our employees have tackled the strong demand has been crucial for us being able to deliver as well as we have done," says Morten Kristiansen, CEO of Moelven Industrier ASA.
Continued strong international demand
The strong international demand for wood products continues to drive revenue growth for the timber industry. “The global market can’t get enough of wood products now, and this continues to characterise demand. At the same time we are seeing more normal seasonal developments on the domestic market,” says CEO Morten Kristiansen of Moelven Industrier ASA.
Moelven’s new image is on the way
The Moelven Group will launch its new brand on the 18th of October. “It will help us to be prepared and equipped for the future”, says Morten Kristiansen, CEO of Moelven Industrier ASA.
"Unique opportunity to further develop the lumber industry"
International demand for wood articles has resulted in a revenue growth the industry has hardly seen before. "Our operating margin gives us unique opportunities to get the lumber industry ready for the great demand for climate-smart products going forward," says Morten Kristiansen, CEO of Moelven Industrier ASA.
Moelven with greatest investment of all time
Moelven will modernise and develop capacity at Moelven Edanesågen AB and Moelven Valåsen AB. Overall, the group will invest more than SEK 600 million in the two sawmills in the years to come.
Record start of the year for Moelven
Moelven has never seen a better first quarter than in 2021. In the course of the first three months of the year, Moelven saw sales of NOK 3,182 million and an operating profit of NOK 290 million.
Moelven reported one of its strongest results
The result in the year where everything was different was one of the strongest for Moelven of all time. The group reported an operating profit of NOK 662.2 million – an increase of almost NOK 330 million compared to the previous year.
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.