Mercer International reports Q4, 2023 net loss of $87M

By Mercer International
The Financial Post
February 15, 2024
Category: Finance & Economics
Region: Canada, International

NEW YORK — Mercer International reported that Operating EBITDA in the fourth quarter of 2023 was $21.1 million compared to $96.1 million in the same quarter of 2022 and $37.5 million in the third quarter of 2023. In the fourth quarter of 2023, net loss was $87.2 million which included a non-cash impairment of $33.7 million, compared to net income of $20.0 million in the fourth quarter of 2022 and net loss of $26.0 million in the third quarter of 2023. …Mr. Juan Carlos Bueno, the Chief Executive Officer, stated: “In the fourth quarter, we saw improved pulp pricing for both NBSK and NBHK across all our markets as customers restocked inventories. We currently believe this pricing momentum will continue into 2024 with modest price increases expected in the first quarter. We continued to be negatively impacted by the overall weakness in the lumber market.

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