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.