Moelven-omslag.GB 23-03-07 13:54 Side 1 Annual Report 2006 Quality rooms MOELVEN ANNUALMOELVEN REPORT 2006 www.moelven.com Moelven-omslag.GB 26-03-07 15:46 Side 2 Moelven-rapport.GB 22-03-07 18:07 Side 1 1 Mission – Vision – Values Comments by the CEO MOELVEN'S BRAND PLATFORM The past year has been an excellent year for Moelven. Sales activity increased and profits reached record heights. Among the external factors that helped make the year such a success were the high demand for many of our products in all the Scandinavian countries and a stable supply of Mission: Supplying quality rooms raw materials for the sawmills in most regions. Many years of consolidation without any larger Vision: The natural choice for people building and living Scandinavian style acquisitions or liquidations has been positive for the company, and has allowed the company to implement many minor, but in sum, critical changes that contribute to improving the Group’s Values: competitiveness. All the employees have contributed to last year’s positive and uplifing results, • Sustainable as each of the Group’s 39 business units posted a profit. Moelven respects people and the environment. The company’s business is based on renewable resources. Sustainability and long- term planning have become the company’s competitive advantages. Environmental responsibilities are a priority area. • Reliable Moelven is a reliable business partner. We deliver quality goods at the agreed upon time. A strong focus is put on openness and difficult to think of Moelven as anything else than a honesty - being able to admit mistakes and shortcomings is a solid basis for positive change and credibility. Scandinavian group with activities spanning several countries. After five years withFINANCIAL a Finnish majority CALENDAR shareholder, 2006 • Seek opportunities was a year which gave Moelven new owners and a fresh start Moelven seeks solutions. The Group has the skills and resources to be the industrial leader when it comes to product development as a company no longer20 April being 2007 part of a separate group. The and innovation. Moelven has always been a company that has stayed at the cutting edge of technological developments and takes past few years withGeneral a non-Scandinavian Meeting – Annual owner Accounts operating 2006 in advantage of the opportunities offered by changing times and trends. the same field has Firstgiven Quarter the company Report a 2007 chance to address a wide range of issues12 about July 2007 operational and management poli- cies and principles. SecondResolving Quarter these Reportissues has 2007 been a healthy exercise for Moelven. While the outcome has involved some beneficial changes,16 there October has also 2007 been resurgent confidence CONTENT MAIN FIGURES FOR FIVE YEARS in many earlier policiesThird and Quarter traditions Report that 2007 we believe will remain as competitive22 January advantages 2008 also in the years to come. The Group Amounts in NOK mill. 2006 2005 2004 2003 2002 Moelven now hasFourth long-term Quarter owners Report/ who are not operating in the same field, but in related industries, either as suppliers Comments by the CEO ....................................................................................................................... 1 Preliminary annual result 2007 Events 2006 ......................................................................................................................................................... 2 THE GROUP of timber or as producers of energy. The new owners have April 2008 The Moelven Group ............................................................................................................................... 3 Operating revenues 6 692,4 6 004,9 5 773,2 4 864,1 4 618,4 expressed a commitment to allow Moelven to develop as an General Meeting – Annual Accounts 2007 Organisational Cart ................................................................................................................................ 7 Operating profit 373,2 158,6 70,3 100,6 139,4 independent company in order to maintain strong relations Location ................................................................................................................................................................... 8 No. of employees 3 210 3 159 3 191 2 853 3 120 with customers, and that this strategy is the best basis for Main Figures for Five Years ........................................................................................................ 9 solid, long-term business relationships and a profitable return Group Executive Board .................................................................................................................. 10 TIMBER on investments. HEAD OFFICE Group Shared Services .................................................................................................................... 11 Operating revenues 2 583,6 2 355,4 2 619,3 2 398,1 2 360,1 This means that Moelven will continue to operate producti- Moelven Industrier ASA Annual Report ............................................................................................................................................ 12 Operating profit 161,4 55,2 33,0 92,3 93,6 on facilities in several Scandinavian countries and that this Org. nr. NO 914 348 803 MVA Wood Supplies ............................................................................................................................................. 20 cross-border trend will sooner increase than decrease. Also, P.O. Box 134, NO-2391 Moelv WOOD since Moelven has exceeded the minimum critical size, growth Theme Tel. + 47 62 34 70 00 Operating revenues 2 530,0 2 268,7 2 064,1 1 363,0 1 273,8 for the sake of growth is no longer an objective. The company Quality rooms .............................................................................................................................................. 22 Fax. +47 62 34 71 88 Operating profit 118,3 62,2 29,6 -0,6 40,6 Investments in training and new equipment in 2006 increased will continue, however,www.moelven.com to take advantage of opportunities Businesses compared to earlier years. An investment programme that is increasing its size [email protected] this will contribute to higher ear- Timber .................................................................................................................................................................... 30 BUILDING SYSTEMS scheduled to be completed by the end of 2008 is well under nings. Hugin Online: www.huginonline.no/MOE Wood ....................................................................................................................................................................... 34 Operating revenues 1 937,5 1 770,1 1 630,0 1 726,2 1 607,3 way and will help solidify Moelven’s position as a leading The three Scandinavian countries will continue to be the Building Systems ..................................................................................................................................... 38 Operating profit 121,8 75,9 44,9 38,5 36,6 player in Scandinavia in our field. company’s primary markets, but not be limited to these. But it Responsibility In 2007 Moelven will celebrate 25 years as a major is naïve to think thatPRODUCTION profitability increases with the distance Responsibility ............................................................................................................................................... 44 Norwegian-Swedish industrial group, going back to the acqui- to the customers. Consequently, we will continue to build our Community Relations ....................................................................................................................... 46 sition of Töreboda Limträ in 1982. In the course of these years, international reachPhotos: on the Olebasis Walter of solid Jacobsen, competitiveness Tommy Normann, at Human Resources .................................................................................................................................. 48 activities outside of Norway have increased, and production is home. Jo Michael, Egil Bjerke, Ketil Jacobsen, Environmental Commitment ................................................................................................. 51 now equally distributed between Sweden and Norway. The Åke E:son Lindman, Odd Midtmoen, Getty Images, Financial Accountability ............................................................................................................... 54 total sales is divided as follows: 40% in Norway, 30% in Scanpix and Jensen & Skodvin Arkitektkontor AS Sweden, 10% in Denmark and the remaining 20% primarily in Coverphoto: Ole Walter Jacobsen Historical Events ....................................................................................................................................... 56 Western Europe. The fact that there are geographical borders Layout and production: Anisdahl, Sand & Partnere Annual Financial Statement is something we in Moelven have chosen to “ignore”. The Hans Rindal Accounts and notes ............................................................................................................................ 58 activity level has nonetheless become so extensive that it is President and CEO Translation: Lillehammer Oversetting AS C ECOL DI AB R E O L N 2 4 4 1 4 3 P ri er nted matt Moelven Annual Report 2006 Moelven Annual Report 2006 Moelven-rapport.GB 22-03-07