US based pulp manufacturer, Mercer International, recently announced financial performance for the third quarter of 2014. The company’s revenue increased 12 percent y-o-y to USD 301.6 million as a result of increase in revenue from pulp and, energy and chemical divisions.
The revenue from pulp division increased 12 percent to USD 277 million due to higher sales volumes and higher pulp price realizations. Pulp production increased by approximately 2 percent to 375,742 ADMTs in the third quarter. Owing to strong demand in Europe, pulp sales volume increased by approximately 9 percent to 386,944 ADMTs.
"For the third quarter of 2014, our Operating EBITDA increased by approximately 106 percent to USD 67.6 million from USD 32.8 million in the comparative quarter of 2013, primarily as a result of lower per unit fiber costs, higher pulp pricing and the strengthening of the US dollar relative to the Canadian dollar and the Euro,” said Jimmy Lee, President, Mercer International.
Lee added, "In the current quarter, our mills performed very well, achieving near record pulp sales due to strong demand in Europe and China and record energy sales volumes. Energy production at our mills increased by approximately 6 percent compared to the same period in 2013.”
