Moelven Industrier ASA has a preliminary annual result of NOK 638.9 million ($74.3 million) for 2018. This will be the second best annual result in Moelven’s 119 year long history, and is an increase of NOK 218.5 million ($25.4 million) from 2017. Revenue in 2018 was NOK 11,020.8 million, compared to NOK 10,768.4 in 2017, as the company said in the press release received by Lesprom Network.
The 4Q 2018 also made the history books. Never before has Moelven been able to present a better result for the year’s final three months. Operating income was NOK 200.4 million ($23.3 million). This is an increase of NOK 75.7 million ($8.8 million) compared to the same period last year. Revenue in 4Q 2018 totalled NOK 2,753.5 million, compared to NOK 2,708.9 million in 2017.
CEO of Moelven Industrier ASA Morten Kristiansen said: “Demand remains high for sawn timber and industrial wood from the Timber division, and here the global economy and the interest in sustainable products is on our side. Exports are doing well at the moment, and this makes a strong contribution to the result. The Wood division, which includes building materials, façades, interior and outdoor products, has also improved results in 2018. Wood is experiencing good demand, although building activity in Scandinavia has fluctuated somewhat during the year. In the Building Systems division, which includes glulam, building modules and system interiors, the results vary somewhat more between companies. Here, different market fluctuations in Norway and Sweden are the reason the overall result is somewhat down compared to 2017.”
As a wood products company, Moelven delivers sawn goods, planed construction material and interior products, glulam, modular buildings and building solutions.
