Moelven posts worst result in 127-year history

A historically weak construction market pushed Moelven to a NOK 1 billion operating loss in 2025, the worst result in the Norwegian timber group’s 127-year history.

Timber construction group Moelven has reported its worst financial performance in its 127-year history. Revenue grew from NOK 12.9 billion to NOK 14.4 billion in 2025, but the operating loss deepened sharply from NOK 199 million to NOK 1 billion.

The result was hit by structural charges including the closure of two sawmills and a legal dispute provision, totalling NOK 255 million. But the underlying performance also reflects a brutal market environment.

– Construction activity has been historically low and the market has been very unpredictable. Several projects have been postponed, making it difficult to utilise our production capacity. We have also faced high raw material costs and the general high cost level in society, says CEO Morten Kristiansen.

Despite the difficult year, Moelven sees signs of improvement. Order books at the group’s building module companies in Norway and Sweden have strengthened, and production at Byggmodul AB was ramped up again during autumn. All furloughed employees at Moelven Byggmodul AS had been recalled by the turn of the year.

– 2025 may have been the most challenging year in our modern history. But we have taken action for the future and launched several comprehensive improvement measures, says Kristiansen.