Moelven’s sales in the 1Q 2019 amounted to NOK 2695.8 million ($306 million), which is a slight decline compared to the same period last year (NOK 2717.6 million ($309 million), as the company said in the press release received by Lesprom Network.
Operating income from the 1Q 2019 is an increase of NOK 51.8 million ($5.9 million) compared to 2018. Operating income for the year’s three first months was NOK 140.9 million ($16 million).
“We can look back on a healthy operating profit for the year’s three first months. We live in time with the world economy, and it has been characterised by prosperity and population growth. For us this has meant high demand for sustainable wood products, and it is mainly our Timber division that has benefited from this through it’s large export share of sawn timber and components for industrial purposes,” says CEO Morten Kristiansen of Moelven Industrier ASA.
Although the 1Q provided Moelven with a good result, the CEO is more uncertain with regard to developments for the rest of the year. This is due to a more unpredictable global economy, and a slightly slower domestic market in certain segments.
As a wood products company, Moelven delivers sawn goods, planed construction material and interior products, glulam, modular buildings and building solutions.
