Moelven increased revenues by well over NOK 1.3 billion ($155 million) from 2019 to 2020, and ended with turnover of NOK 11.7 billion ($2.4 billion) in 2020. The operating result was NOK 662.2 million ($78.9 million), which is almost double the previous year (NOK 335.4 million ($40 million). 4Q 2020 operating result was NOK 230.2 million ($27.4 million), which is the best quarterly result since 2007 and the best 4Q of all time.
“2020 will be recorded the history books as one of the most difficult and best years in Moelven’s history. Rarely have we known less about what would await us around the next corner, but great uncertainty soon turned into huge demand for wood products when the pandemic struck,” says CEO Morten Kristiansen of Moelven Industrier ASA.
As a wood products company, Moelven delivers sawn goods, planed construction material and interior products, glulam, modular buildings and building solutions.
