Moelven elevated revenues by effectively 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 working consequence was NOK 662.2 million ($78.9 million), which is nearly double the earlier yr (NOK 335.4 million ($40 million). 4Q 2020 working consequence was NOK 230.2 million ($27.4 million), which is one of the best quarterly consequence since 2007 and one of the best 4Q of all time.
“2020 will probably be recorded the historical past books as one of the vital tough and finest years in Moelven’s historical past. Not often have we identified much less about what would await us across the subsequent nook, however nice uncertainty quickly was big demand for wooden merchandise when the pandemic struck,” says CEO Morten Kristiansen of Moelven Industrier ASA.
As a wooden merchandise firm, Moelven delivers sawn items, planed development materials and inside merchandise, glulam, modular buildings and constructing options.