“The development in results is due to improved market conditions, a higher level of activity and internal developments. In addition to the continuous day-to-day improvement work, there is also a noticeable effect from the advanced progress of the commissioning stages of several major investments,” says CEO Hans Rindal of Moelven Industrier ASA.
Mr. Rindal is pleased about the improvement in results, particularly in relation to the 1Q last year.
“We have gone from genuinely difficult market conditions for sawn timber in a lot of countries, to more normal demand. There is still little activity in parts of Europe, but it has either stabilized or started to pick up. Combined with good demand in markets outside of Europe, this has provided a better market balance. This also has a positive influence on the prices for wood-based building products in the home markets in Scandinavia.”
Moelven’s products and services are sold in three main segments: the processing industry, retail and construction activities. Moelven is organised into three divisions in accordance with these customer groups: Timber, Wood and Building Systems
