Moelven Industrier ASA achieved operating income of NOK 89.1 million ($11 million) in the 1Q 2018. Sales amounted to NOK 2717.6 million, which is an increase compared to the same period last year (NOK 2677.5 million), as the company said in the press release received by Lesprom Network.
At the same time last year operating income was somewhat higher (NOK 101.4 million). The decrease of NOK 12 million ($1.5 million) in 2018 is largely due to the snowy and cold winter in Scandinavia.
“Moelven is dependent on renewable natural resources, and we see that the winter cold and snow has led to somewhat lower activity in the building products trade. Some building projects have been forced to wait for the spring,” CEO Morten Kristiansen of Moelven Industrier ASA explains.
The high season for building products is about to start, and the outlook for the rest of the year is good. This means that the Moelven group is aiming for a result on par with last year.
Moelven’s divisions experience different impacts from economic fluctuations. The company operates in different markets, and this provides a good basis for further improvements.
As a wood products company, Moelven delivers sawn goods, planed construction material and interior products, glulam, modular buildings and building solutions.
