Moelven posts a loss of NOK 64 million
A challenging European export market is the main reason for Moelven's operating loss of NOK 64 million in the first quarter.A weak economy and challenging market conditions in European export markets has dominated the first quarter and led to a decline in both revenue and operating profit compared with the same period last year.
Revenues in the first quarter were NOK 1,849 million (NOK 2,165 million in the same period last year) and an operating loss of NOK 64 million (18.7).
Low activityCEO Hans Rindal of Moelven Industrier ASA explains that the first quarter ordinarily is the