Moelven improved its 1Q 2017 operating profit by NOK 71 million ($8.2 million), compared to the same period last year. The year's 1Q was the best since 2008, as the company said in the press release received by Lesprom Network.
1Q 2017 operating profit increased to NOK 101 million ($11.6 million), compared to NOK 30 million ($3.5 million) in the same period last year. Operating revenues increased by 2.8% to NOK 2,678 million ($308.7 million).
CEO Morten Kristiansen of Moelven Industrier ASA says that it is a combination of significant improvements in underlying operations at several of Moelven's businesses, as well as good demand for the Group's products and services that are the cause of the good results.
Kristiansen is also of the opinion that it's worth mentioning the drive for robotised module production at Moelven Byggmodul AB in Säffle, Sweden.
“The effort - which a short time ago resulted in the company being named ‘Lean Builder of the year’ at Bygge-galan 2017 in Stockholm for its work on smart production and robotisation – has led to an 80% increase in production capacity,” Kristiansen says.
Robotisation, along with the installation of other production equipment, workstations and various systems, has brought almost 50 new jobs to Säffle.
Moelven is a Scandinavian industrial group that produces building materials and systems for the construction industry.
