Head of Moelven sees room for improvement
Moelven has returned an operating profit of NOK 17 million for 2012. This is roughly the same as last year and is close to a break-even result. CEO Hans Rindal sees plenty of room for improvement.Operating revenues came to NOK 8,122 (8,060) million for the year as a whole. The profit for the year after interest and tax was minus NOK 47 (minus 86) million. Difficult times in EuropeThese unsatisfactory figures in 2012 are primarily the result of the challenging market conditions for the Group's sawmill division and considerable losses linked to a number of major projects in Moelven