News archive

The President and CEO sees long-term challenges for export industry

A challenging market for industrial timber and a weak euro meant that Moelven ended the third quarter with an operating loss of NOK 14 million. Moelven's President and CEO believes that the challenges facing export industry in a competitive market could last for a while.

Moelven earned NOK 45.5 million

Moelven reported operating revenues of NOK 2,186 million for the second quarter, which is thus on par with the same period last year. The operating profit was NOK 45.5 million, which is NOK 10 million less than the corresponding period last year

Few changes to the Board and corporate assembly of Moelven

On 24 April, the corporate assembly of Moelven elected a new Board, with only a few, minor changes. Grethe Sønsteby was elected to replace Elisabeth Bjøre.

Positive results for Moelven

Moelven posted a NOK 19 million profit on the company's operations during the first quarter of the year, i.e. NOK 45 million more than for the same period last year.

Poor results for Moelven in 2011

The total operating profit for Moelven in 2011 ended at NOK 13 million (243). Difficult market conditions inteMain intro rnationally and losses on some individual projects were the main causes of the poor operating profit.

Poor results for Moelven in the third quarter

The combination of challenging international market conditions for Moelven's sawmills and losses linked to individual projects means that the Group returned a loss in the third quarter.

Moelven earned 56 million

In the second quarter, Moelven earned NOK 56 million from operations. That is NOK 85 million less than in the same period last year. After financial costs, profit for the quarter was NOK 28 million.

Moelven increases profit by NOK 150 million

Moelven earned NOK 242 million on operations in 2010, an increase in profit of NOK 151 million compared with last year.

Moelven acquires Vänerply

The Moelven Group has signed an agreement for the acquisition of Vänerply. The acquisition of Vänerply means that an important product for Moelven board materials will now also be produced in-house.

Moelven posts losses of 27 million

A combination of a normal low season and discrepancy between the cost of raw materials and sales prices for key products meant that Moelven lost NOK 27 million in Q1.