Profit of over NOK 200 million for Moelven

With an operating profit of NOK 204 million for 2004 Moelven Industrier ASA posted its best results since 2010. The group and its owners can consequently be very happy with a boost in their profits of
NOK 248 million compared to 2013. Group activities increased by as much as 10.2% in 2014 and the group's total annual turnover amounted to NOK 8,828 million, i.e. an increase in income of NOK 819 million compared to the previous year.

The group's operating profit and operating income for the final quarter were also up on the figures posted for the same period last year and respectively ended up at NOK 48 million (NOK 36 million for the final quarter of 2013) and NOK 2,151 million (NOK 2,097). Acting CEO Morten Kristiansen is delighted with this improvement in the group's results. "All in all this improvement is the result of achieving a better balance between the prices for raw materials and finished goods, much higher levels of activity in the markets in which we operate, better currency conditions and internal improvement measures," says Mr. Kristiansen. Mr. Kristiansen says that all three of Moelven's divisions experienced satisfactory growth in their activities in 2014

. "As regards the operating profits posted by our individual divisions, they all experienced considerable improvements compared to the previous year. This is extremely satisfactory. Unfortunately our Building Systems Division saw a decline in its profits in relation to its budget, but it reached the end of 2014 with very healthy order reserves. Furthermore, this division's companies in Norway and Sweden will be commencing and completing a number of major projects - including the world's tallest wooden house located in Bergen. We therefore believe that we will see considerable improvements in this division's profits during the forthcoming year," says Mr. Kristiansen.