Mercer International Inc. reports second quarter and first half 2021 results and announces quarterly cash dividend of $0.065

Selected Highlights 

• Record quarterly wood products segment results
• Second quarter Operating EBITDA* of $83.8 million and net income of $21.4 million
• Completed Capital Program to Increase Stendal Mill production by 80,000 ADMTs per year

NEW YORK, NY, July 29, 2021

Mercer International Inc. (Nasdaq: MERC) today reported second quarter 2021 Operating EBITDA increased to $83.8 million from $40.5 million in the second quarter of 2020 and from $82.0 million  in the first quarter of 2021.  

In the second quarter of 2021, net income was $21.4 million (or $0.32 per share) compared to a net loss of  $8.4 million (or $0.13 per share) in the second quarter of 2020 and net income of $5.9 million (or $0.09 per share) in  the first quarter of 2021.  

In the first half of 2021, Operating EBITDA increased by 70% to $165.8 million from $97.5 million in the same  period of 2020. In the first half of 2021, net income was $27.3 million (or $0.41 per share) compared to a net loss of  $11.8 million (or $0.18 per share) in the same period of 2020. 

Mr. David Gandossi, the Chief Executive Officer, stated: “In the second quarter, we successfully and safely  completed major capital programs to improve the performance of our Stendal and Peace River mills. At Stendal we  have added 80,000 tonnes of NBSK pulp capacity with the addition of two new batch digesters which are currently  being ramped up. At Peace River we rebuilt its recovery boiler and are ramping up its operations.  

You can view the remainder of the results in greater detail here.