Mercer International Inc. reports second quarter and first half 2020 results

Mercer International Inc. (Nasdaq: MERC) today reported second quarter 2020 Operating EBITDA decreased to $40.5 million from $70.0 million in the second quarter of 2019 and from $57.0 million in the first quarter of 2020.

In the second quarter of 2020, net loss was $8.4 million (or $0.13 per share) compared to net income of $10.3 million (or $0.16 per share) in the second quarter of 2019 and a net loss of $3.4 million (or $0.05 per share) in the first quarter of 2020.

In the first half of 2020, Operating EBITDA decreased by 50% to $97.5 million from $193.8 million in the same period of 2019. In the first half of 2020, net loss was $11.8 million compared to net income of $61.9 million in the same period of 2019.

Mr. David Gandossi, the Chief Executive Officer, stated: “While the world continues to be impacted by the COVID‐19 pandemic, I am proud to say that our people have remained resilient and we implemented measures and procedures to meet the challenges of operating our business safely and efficiently. We are constantly monitoring our operations and guidance from governmental and health organizations to ensure that we continue to take appropriate and necessary actions to protect our people.

All of our mills ran well this quarter. Pulp production was down slightly in the quarter primarily due to a previously announced short‐term planned curtailment.
details at: https://secureservercdn.net/198.71.233.96/4p3.786.myftpupload.com/wp-content/uploads/2020/07/Q2-Press-Release-For-Globe-Newswire.pdf

Related Posts

Drytac announces global availability of Paper Fleece Smooth

Drytac, the leading international manufacturer of self-adhesive materials for the large-format print and signage markets, is delighted to announce the global availability of Paper Fleece Smooth. The product has proved hugely successful since initially launching in the UK earlier this year and will be made available to customers in other regions worldwide from October 24th 2024. This printable non-woven paper fleece wallcovering is PVC-free, making it an effective, environmentally friendly solution for interior décor work in settings such as homes, retail stores, hotels and offices. Its photorealistic print quality produces sharp, detailed graphics with quick drying times and is ideal for creating stunning, vivid designs.

Metsä Fibre’s Kemi bioproduct mill in Finland successfully lifts up the world’s first autonomous logyard cranes supplied by ANDRITZ

The world’s first autonomously operated logyard cranes have been successfully lifted up at Metsä Fibre’s bioproduct mill in Kemi, Finland. Supplied by international technology group ANDRITZ, the delivery includes two 2 x 25-ton cranes on a 540 m long runway with a storage capacity of approximately 120,000 m3. The cranes will handle approximately 7.6 million m3 wood/year shipped on trucks and trains as well as handling log storage and wood feeding to the pulping process. The cranes feature the latest in Artificial Intelligence, thus optimizing log handling, minimizing wood losses and securing environmentally friendly and cost-effective operation when compared to traditional log-handling solutions. The fully autonomous logyard cranes featuring Artificial Intelligence are part of the comprehensive ANDRITZ portfolio of sustainable solutions and products that help customers reaching their goals with regard to environmental protection and sustainability

Feldmuehle Uetersen to be sold to holding company

The continued existence of Germany's specialty paper manufacturer Feldmuehle Uetersen, which has been in insolvency proceedings since January this year, is assured. With effect from 1 June, the company will be taken over by a holding company, according to Andreas Jung, spokesman of insolvency administrator Dr. Tjark Thies. The company reports that the buyer is a holding company that has not yet been active in the paper industry. Paper production is said to continue unchanged. Feldmuehle Uetersen can produce up to 250,000 tpy of white, coated label paper, packaging paper, and graphic paper.
Back To Top
×Close search
Search