Moelven improved 3Q revenue

Market: Lumber / Panels
Posted November 19, 2018
Moelven Industrier ASA achieved operating revenues of NOK 129.6 million ($15.3 million) in the 3Q 2018. This is an increase of NOK 91.4 million ($10.7 million) compared to the same period last year, as the company says in the press release received by Lesprom Network.

Revenue in 3Q 2018 totalled NOK 2,494 million ($293 million), compared to NOK 2,440.6 million ($287 million) in the 3Q 2017.

Moelven is affected by the activity in the global economy. A growing international focus and higher prices for wood products for industrial use are yielding good results for our Timber division. Construction in Scandinavia has cooled slightly, resulting in slightly reduced demand for the products from the Wood division. The Glulam, Modular Building and System Interiors business areas have experienced slightly different economic trends in Norway and Sweden, and are delivering varying results,” says Morten Kristiansen, CEO of Moelven Industrier.

As a wood products company, Moelven delivers sawn goods, planed construction material and interior products, glulam, modular buildings and building solutions.


Tags: Moelven

Topics: Finance

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