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MERCER INTERNATIONAL INC.

(MERC)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
13.78 USD   +1.03%
11/30Mercer International : 2022 RBC Capital Markets Forest Products Virtual Conference
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11/29Transcript : Mercer International Inc. Presents at Bank of America Securities Leveraged Finance/Credit Conference, Nov-29-2022 02:50 PM
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11/29Mercer International : BofA Securities 2022 Leveraged Finance Conference
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Mercer International Inc. Announces the Completion of the Acquisition of Holzindustrie Torgau ("HIT")

09/30/2022 | 09:15am EST

NEW YORK, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) ("Mercer", the "Company", "we", "our") today announced that it has completed its previously-announced acquisition of all of the shares of the parent company of HIT.

Mr. Juan Carlos Bueno, Chief Executive Officer, stated: "We are very excited about the acquisition of HIT and the expansion of our solid wood operations in Germany. I want to welcome all of the HIT employees to the Mercer team."

He continued: "We look forward to integrating HIT and furthering our goal to operate world class operations. Additionally, I am excited about the expansion of our product mix with the introduction of pallets and biofuels and look forward to working with HIT's strong customer base and enhancing its market position."

About Us

Mercer International Inc. is a global forest products company with operations in Germany, the USA and Canada with a consolidated annual production capacity of 2.3 million tonnes of pulp, 550 million board feet of lumber, and 140 thousand cubic meters of cross-laminated timber. To obtain further information on the company, please visit its website at www.mercerint.com.

The preceding includes forward looking statements which involve known and unknown risks and uncertainties which may cause our actual results in future periods to differ materially from forecasted results. Words such as "expects", "anticipates", "are optimistic that", "projects", "intends", "designed", "will", "believes", "estimates", "may", "could" and variations of such words and similar expressions are intended to identify such forwardlooking statements. Among those factors which could cause actual results to differ materially are the following: the highly cyclical nature of our business, raw material costs, our level of indebtedness, competition, foreign exchange and interest rate fluctuations, our use of derivatives, expenditures for capital projects, environmental regulation and compliance, disruptions to our production, market conditions and other risk factors listed from time to time in our SEC reports.

APPROVED BY:

Jimmy S.H. Lee
Executive Chairman of the Board
(604) 684-1099

Juan Carlos Bueno
President & Chief Executive Officer
(604) 684-1099

Contact
For more information, please contact:

Name:   David K. Ure
Title:Senior VP Finance, CFO & Secretary
Phone: (604) 684-1099
email:   david.ure@mercerint.com 


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Source: Mercer International Inc.

2022 GlobeNewswire, Inc., source Press Releases - Canada

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Financials (USD)
Sales 2022 2 262 M - -
Net income 2022 274 M - -
Net Debt 2022 1 073 M - -
P/E ratio 2022 3,42x
Yield 2022 2,18%
Capitalization 911 M 911 M -
EV / Sales 2022 0,88x
EV / Sales 2023 0,85x
Nbr of Employees 2 415
Free-Float 61,0%
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Technical analysis trends MERCER INTERNATIONAL INC.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 13,78 $
Average target price 17,90 $
Spread / Average Target 29,9%
EPS Revisions
Managers and Directors
Juan Carlos Bueno President & Chief Executive Officer
David K. Ure CFO, Secretary, CAO & Senior Vice President
Jimmy S. H. Lee Executive Chairman
Christoph Grewe-Franze Chief Information Officer
Adolf Koppensteiner Chief Operating Officer
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