Mercer International Inc
F:AEZ

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Mercer International Inc Logo
Mercer International Inc
F:AEZ
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Price: 0.3186 EUR -5.12% Market Closed
Market Cap: €21.3m

Mercer International Inc
Investor Relations

Mercer International makes and sells market pulp, a key raw material used to make paper, tissue, packaging, and other fiber-based products. It also produces lumber and generates renewable energy from wood-based operations. Its factories turn wood into pulp and related products that other manufacturers use further down the supply chain. Its main customers are paper and tissue makers, packaging companies, and industrial buyers that need pulp or lumber. Mercer earns money by selling these products into global commodity markets, so its results depend on supply, demand, and prices for wood fiber, pulp, and lumber. It also benefits from selling power and other byproducts created at its mills. What makes Mercer’s business different is that it sits between forestry and finished paper products. It controls a capital-heavy industrial process that starts with wood and ends with standardized raw materials, rather than branded consumer goods. That makes it a classic upstream materials business, with performance tied to operating its mills efficiently and matching production to market demand.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 7, 2026
AI Summary
Q2 2026

Liquidity focus: Mercer said it is actively evaluating strategic alternatives with advisors to strengthen liquidity and the balance sheet, and it added going-concern disclosure tied to debt classifications.

Weak quarter: Second-quarter operating EBITDA was negative $21 million, down from positive $8 million in Q1, as high German fiber costs and weak pulp markets weighed on results.

Asset actions: The company launched a restructuring plan for Torgau, extended Rosenthal maintenance, and reduced production at some German mills in response to uneconomic fiber supply.

Cost savings: Mercer said its One Goal 100 program has delivered about $30 million in 2025 and another $24 million in the first half of 2026, and it remains on track for $100 million by the end of 2026.

Market outlook: Management expects market weakness to persist through the rest of 2026, with German fiber costs remaining elevated and pulp pricing still under pressure in the near term.

Mass timber bright spot: The mass timber business posted higher revenue and production, with a $151 million backlog that management said is supported by steady inquiries, including hyperscaler-backed data center projects.

Key Financials
Operating EBITDA
-$21 million
Pulp segment EBITDA
-$13 million
Solid wood segment EBITDA
-$8 million
Softwood pulp realizations
$682 per ton
NBSK net price in China
$658 per ton
MBSK list price in Europe
$1,655 per ton
MBSK list price in North America
$1,577 per ton
Hardwood sales realizations
$607 per ton
Average net price for eucalyptus hardwood pulp in China
$602 per ton
North America hardwood list price
$1,495 per ton
Pulp production
456,000 tons
Pulp sales volumes
450,000 tons
Western SPF No. 2 and better benchmark price
$488 per thousand board feet
Lumber production
124 million board feet
Lumber sales volumes
100 million board feet
Electricity sales
206 gigawatt hours
Electricity price
$117 per MWh
Aggregate liquidity
$192 million
Cash
$79 million
Undrawn revolvers
$113 million
Capital investment
$12 million
Net loss
$76 million
Net loss per share
$1.13
Inventory impairment charge
$29 million
One Goal 100 results
$30 million in 2025 and $24 million in the first half of 2026
Mass timber backlog
$151 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Juan Carlos Bueno
CEO, President & Director
No Bio Available
Mr. Jimmy S. H. Lee B.Sc.
Chairman Emeritus
No Bio Available
Mr. Richard George Short CPA
CFO & Secretary
No Bio Available
Mr. Adolf Koppensteiner
Chief Operating Officer
No Bio Available
Mr. Guy Arguin
Chief Human Resources Officer
No Bio Available
Mr. Alistair Skey
Chief Information Officer
No Bio Available
Ms. Shahed Tootoonian
Vice President of Corporate Development
No Bio Available
Mr. Wolfram Ridder
Senior Vice President of Innovation & Government Relations
No Bio Available
Mr. Leonhard Nossol
Managing Director of Mercer Celgar
No Bio Available
Mr. Brian Merwin
Senior Vice President of Mass Timber
No Bio Available

Contacts

Address
BRITISH COLUMBIA
Vancouver
700 WEST PENDER ST SUITE 1120
Contacts
+12066744639
mercerint.com