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.
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.
Mjøstårnet brought home gold from The New York Design Awards 2018
The record breaking project Mjøstårnet has been awarded the Gold accolade in the New York Design Awards 2018.
Mjøstårnet awarded Norwegian Tech Award
The world’s tallest timber building has been awarded the Norwegian Tech Award 2018. Mjøstårnet was declared winner in the Building and Construction category.
Historic quarter for Moelven
Moelven delivered a solid result in the third quarter, which was marked by a world record and its biggest-ever investment.