Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood construction / Wood Products / Europe / Global
May 5, 2020
Norwegian Moelven seeing little effect from pandemic
Moelven started the year on a positive note, and the coronavirus pandemic has not yet significantly impacted the group’s operations. However, the pandemic makes it almost impossible to predict the future. Moelven saw revenues of NOK 2,735.5 million in the first quarter, which is a marginal increase from the same period last year (2,695.8 million). The operating result in the first quarter was NOK 69.6 million compared to NOK 140.9 million last year. Profit before tax was NOK -30.5 million compared to NOK 100 ...
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