Mercer International Reports Fourth Quarter and Year End 2022 Results

By Mercer International Inc.
The Market Screener
February 16, 2023
Category: Finance & Economics
Region: Canada, International

NEW YORK — Mercer International reported fourth quarter 2022 Operating EBITDA of $96.1 million a decrease from $164.9 million in the fourth quarter of 2021 and $140.9 million in the third quarter of 2022. In the fourth quarter of 2022, net income was $20.0 million  compared to $74.5 million in the fourth quarter of 2021 and net income of $66.7 million in the third quarter of 2022. In 2022, Operating EBITDA increased by 12% to a record $536.5 million from $478.8 million in 2021. In 2022, net income was a record $247.0 million from $171.0 million in 2021. Mr. Juan Carlos Bueno, the CEO stated: “Our solid fourth quarter operating results reflect strong pulp sales, which were however more than offset by lower sales prices, higher planned maintenance and fiber costs and the negative impact of the weaker US dollar compared to our third quarter operating results.

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