Announcement • Jul 01
Mercer International Inc. Announces Maintenance Mill Shutdown At Mercer Rosenthal in September Mercer International Inc. announced that its German pulp mill, Mercer Rosenthal, will extend its maintenance shutdown, originally scheduled for two weeks, to cover the entire month of September 2026. New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-US$5.5m). Earnings have declined by 60% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€42.7m market cap, or US$48.6m). Announcement • Apr 22
Mercer International Inc., Annual General Meeting, Jun 01, 2026 Mercer International Inc., Annual General Meeting, Jun 01, 2026. Location: at suite 1120, 700 west pender street, british columbia, vancouver United States Announcement • Feb 13
Mercer International Inc. Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2025 Mercer International Inc. reported unaudited consolidated impairment charges for the fourth quarter ended December 31, 2025. For the quarter, the company reported impairments of long-lived assets of $215,682,000. Announcement • Jan 23
Mercer International Inc. to Report Q3, 2026 Results on Oct 29, 2026 Mercer International Inc. announced that they will report Q3, 2026 results on Oct 29, 2026 Announcement • Oct 21
Mercer International Inc. to Report Q2, 2026 Results on Jul 30, 2026 Mercer International Inc. announced that they will report Q2, 2026 results on Jul 30, 2026 Announcement • May 31
Mercer International Inc. Elects Markwart von Pentz as Director Mercer International Inc. at its 2025 Annual Meeting of Shareholders held on May 30, 2025, elected Markwart von Pentz as Director. Announcement • May 02
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on July 3, 2025 Mercer International Inc. announced a quarterly dividend of $0.075 per share which will be paid on July 3, 2025 to all shareholders of record on June 26, 2025. Future dividends will be subject to Board approval and may be adjusted as business and industry conditions warrant. Announcement • Apr 29
Svante Technologies Inc. and Mercer International Inc. Advance Carbon Capture Project At Alberta Pulp Mill Svante Technologies Inc. announced that its joint carbon capture and storage project with Mercer International Inc. (Mercer) has advanced to the Front-end Engineering and Design Phase 2 (FEL-2). Also known as Pre-FEED, this phase involves engineering, cost estimation, and risk analysis to evaluate the project's commercial viability. Mercer is a global producer of sustainably sourced forest products, including pulp, lumber, mass timber, biomass-based green energy, and bioextractives. The carbon capture project targets biogenic CO2 emissions from Mercer's Peace River pulp mill, where the biomass (fibre) is sourced from sustainably managed forests. Advancing to the Pre-FEED stage will support further development of the integrated design, cost estimates, and risk assessments--key steps toward a final investment decision and potential implementation. This milestone reflects the growing momentum for carbon capture solutions within Canada's pulp and paper sector. Svante's second-generation carbon capture technology is engineered for commercial-scale deployment in industrial environments such as pulp mills-- settings where integration must be cost-effective, modular, and resilient to operational variability. As decarbonization efforts intensify across heavy industry, this project offers a timely opportunity to demonstrate how advanced capture systems can be applied within existing infrastructure. At the core of Svante's solution is its structured sorbent filter system, which uses solid materials coated with metal-organic frameworks (MOFs)--nanomaterials specifically designed to capture CO2 molecules selectively to selectively capture CO2 molecules. These filters represent a meaningful evolution over earlier carbon capture systems, offering reduced energy requirements and broader industrial applicability. Svante's technology also provides: Robust Particulate Handling: Structured adsorbent filters are highly resistant to particulate fouling, ensuring consistent performance in challenging pulp mill environments. Environmentally Responsible Design: Materials are free from toxic emissions and degradation byproducts. The company's sorbent-based filters are designed to be recyclable, minimizing environmental impact. Rapid Response to Operational Fluctuations: Svante's rapid capture process adapts quickly to intermittent operations, eliminating the need for onsite liquid solvent storage and makeup. Compact and Modular Design: Minimizes capture plant vertical footprint and vertical visual impact, offering significant benefits for site integration. Additional Project Highlights: Leveraging Clean Power Production from the Mercer Peace River Mill: The project's energy requirements will be met by low-carbon electricity generated onsite, with recovered waste heat further increasing the net CO2 emissions avoided. Sustainably Sourced Fibre: The mill sources its fibre from sustainably managed forests certified to SFI. Permanent and Safe CO2 Storage Within Alberta's Abundant Sequestration Resource: Alberta has proven, abundant geologic reservoirs--formations capable of securely storing CO2--supported by a government-enabled regulatory framework that includes robust permitting processes and liability management tools. Announcement • Apr 19
Mercer International Inc., Annual General Meeting, May 30, 2025 Mercer International Inc., Annual General Meeting, May 30, 2025. Location: hybrid format, suite 1120, 700 west pender street, british columbia, vancouver United States Announcement • Feb 21
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on April 2, 2025 Mercer International Inc. announced a quarterly dividend of $0.075 per share will be paid on April 2, 2025 to all shareholders of record on March 26, 2025. Announcement • Jan 22
Mercer International Inc. to Report Q3, 2025 Results on Nov 06, 2025 Mercer International Inc. announced that they will report Q3, 2025 results on Nov 06, 2025 Declared Dividend • Nov 11
Third quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 18th December 2024 Payment date: 26th December 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.26 loss per share (vs US$0.39 loss in 3Q 2023) Third quarter 2024 results: US$0.26 loss per share (improved from US$0.39 loss in 3Q 2023). Revenue: US$502.1m (up 6.7% from 3Q 2023). Net loss: US$17.6m (loss narrowed 32% from 3Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on December 26, 2024 Mercer International Inc. announced quarterly dividend of $0.075 per share will be paid on December 26, 2024 to all shareholders of record on December 18, 2024. Announcement • Oct 18
Mercer International Inc. to Report Q2, 2025 Results on Jul 31, 2025 Mercer International Inc. announced that they will report Q2, 2025 results on Jul 31, 2025 Upcoming Dividend • Sep 18
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 03 October 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.5%). New Risk • Sep 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 18% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Recent Insider Transactions • Sep 06
Insider recently bought €101k worth of stock On the 3rd of September, Wolfgang Beck bought around 19k shares on-market at roughly €5.45 per share. This transaction increased Wolfgang's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buy Or Sell Opportunity • Sep 05
Now 20% overvalued Over the last 90 days, the stock has fallen 39% to €4.96. The fair value is estimated to be €4.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Aug 14
Second quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 25th September 2024 Payment date: 3rd October 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. New Risk • Jul 11
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. Upcoming Dividend • Jun 19
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 03 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.3%). Declared Dividend • May 20
First quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 26th June 2024 Payment date: 3rd July 2024 Dividend yield will be 3.1%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Announcement • May 11
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on July 3, 2024 Mercer International Inc. announced quarterly dividend of $0.075 per share will be paid on July 3, 2024 to all shareholders of record on June 26, 2024. Future dividends will be subject to Board approval and may be adjusted as business and industry conditions warrant. Reported Earnings • May 10
First quarter 2024 earnings released: US$0.25 loss per share (vs US$0.46 loss in 1Q 2023) First quarter 2024 results: US$0.25 loss per share (improved from US$0.46 loss in 1Q 2023). Revenue: US$553.4m (up 5.9% from 1Q 2023). Net loss: US$16.7m (loss narrowed 45% from 1Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €9.50. The fair value is estimated to be €7.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €9.30. The fair value is estimated to be €7.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Mar 19
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 04 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (3.5%). Announcement • Feb 27
Mercer International Inc. Announces Management Changes Mercer International Inc. announced that Jimmy Lee is stepping down as Executive Chairman and director of the Company for personal health reasons. He has been appointed Chairman Emeritus. As a result, the Company has revised its governance structure to provide for an independent Chairman. William McCartney, who previously served as lead director, has been appointed Interim Chairman by the Company's board of directors. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 26th March 2024 Payment date: 4th April 2024 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 16
Full year 2023 earnings released: US$3.65 loss per share (vs US$3.74 profit in FY 2022) Full year 2023 results: US$3.65 loss per share (down from US$3.74 profit in FY 2022). Revenue: US$1.99b (down 13% from FY 2022). Net loss: US$242.1m (down 198% from profit in FY 2022). Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Feb 16
Mercer International Inc. Declares Quarterly Dividend, Payable on April 4, 2024 Mercer International Inc. announced that a quarterly dividend of $0.075 per share will be paid on April 4, 2024 to all shareholders of record on March 27, 2024. Future dividends will be subject to Board approval and may be adjusted as business and industry conditions warrant. Upcoming Dividend • Dec 12
Upcoming dividend of US$0.075 per share at 3.4% yield Eligible shareholders must have bought the stock before 19 December 2023. Payment date: 28 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.1%). Announcement • Nov 25
Mercer International Inc. to Report Q3, 2024 Results on Oct 31, 2024 Mercer International Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Announcement • Nov 03
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on December 28, 2023 Mercer International Inc. announced a quarterly cash dividend of $0.075 per share will be paid on December 28, 2023 to all shareholders of record on December 20, 2023. Reported Earnings • Nov 03
Third quarter 2023 earnings released: US$0.39 loss per share (vs US$1.01 profit in 3Q 2022) Third quarter 2023 results: US$0.39 loss per share (down from US$1.01 profit in 3Q 2022). Revenue: US$470.8m (down 12% from 3Q 2022). Net loss: US$26.0m (down 139% from profit in 3Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Oct 22
Mercer International Inc. to Report Q2, 2024 Results on Aug 08, 2024 Mercer International Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Sep 19
Upcoming dividend of US$0.075 per share at 3.5% yield Eligible shareholders must have bought the stock before 26 September 2023. Payment date: 04 October 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.4%). New Risk • Aug 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 04
Second quarter 2023 earnings released: US$1.48 loss per share (vs US$1.08 profit in 2Q 2022) Second quarter 2023 results: US$1.48 loss per share (down from US$1.08 profit in 2Q 2022). Revenue: US$529.9m (down 7.4% from 2Q 2022). Net loss: US$98.3m (down 238% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Mercer International Inc., Annual General Meeting, May 31, 2024 Mercer International Inc., Annual General Meeting, May 31, 2024. Upcoming Dividend • Jun 20
Upcoming dividend of US$0.075 per share at 3.3% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%). Board Change • Jun 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Tom Corrick was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 03
Mercer International Inc. to Report Q1, 2024 Results on May 09, 2024 Mercer International Inc. announced that they will report Q1, 2024 results on May 09, 2024 Announcement • Jun 02
Mercer International Inc. Announces Board Appointments Mercer International Inc. announced at the AGM held on May 31, 2023 that the company approved election of Torbjörn Lööf and Thomas Kevin Corrick as board of directors. Announcement • May 06
Mercer International Inc. to Report Q4, 2023 Results on Feb 15, 2024 Mercer International Inc. announced that they will report Q4, 2023 results on Feb 15, 2024 Reported Earnings • May 06
First quarter 2023 earnings released: US$0.46 loss per share (vs US$1.35 profit in 1Q 2022) First quarter 2023 results: US$0.46 loss per share (down from US$1.35 profit in 1Q 2022). Revenue: US$522.7m (down 12% from 1Q 2022). Net loss: US$30.6m (down 134% from profit in 1Q 2022). Revenue is forecast to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 05
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on July 6, 2023 Mercer International Inc. announced a quarterly dividend of $0.075 per share will be paid on July 6, 2023 to all shareholders of record on June 28, 2023. Announcement • Feb 17
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on April 5, 2023 Mercer International Inc. announced quarterly cash dividend of $0.075 per share will be paid on April 5, 2023 to all shareholders of record on March 29, 2023. Announcement • Jan 18
Mercer International Inc. Announces Downtime At Its Celgar Mill Mercer International Inc. reports that, due to a lack of appropriate fiber availability, its Celgar mill in British Columbia, Canada, is planning to takeapproximately three weeks of downtime. This curtailment is expected to commence in March 2023. Upcoming Dividend • Dec 13
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 29 December 2022. Payout ratio is a comfortable 6.4% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.1%). Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$1.01 (vs US$1.05 in 3Q 2021) Third quarter 2022 results: EPS: US$1.01 (down from US$1.05 in 3Q 2021). Revenue: US$532.8m (up 13% from 3Q 2021). Net income: US$66.7m (down 3.4% from 3Q 2021). Profit margin: 13% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on December 29, 2022 Mercer International Inc. announced quarterly dividend of $0.075 per share will be paid on December 29, 2022 to all shareholders of record on December 21, 2022. Future dividends will be subject to Board approval and may be adjusted as business and industry conditions warrant. Announcement • Oct 14
Mercer International Inc., Annual General Meeting, May 31, 2023 Mercer International Inc., Annual General Meeting, May 31, 2023. Agenda: To discuss Quarterly Reports and Annual Reports; and to discuss about SEC Filings. Announcement • Oct 02
Mercer International Inc. (NasdaqGS:MERC) completed the acquisition of HIT Holzindustrie Torgau GmbH & Co. KG from Deutsche Bank Aktiengesellschaft (XTRA:DBK) and funds advised by Orchard Global Asset Management LLP. Mercer International Inc. (NasdaqGS:MERC) has entered into an agreement to acquire HIT Holzindustrie Torgau GmbH & Co. KG from Deutsche Bank Aktiengesellschaft (XTRA:DBK) and funds advised by Orchard Global Asset Management LLP for €270 million on July 22, 2022. The aggregate purchase price is €270 million, inclusive of forecasted net working capital of approximately €43 million. The Transaction is structured on a “cash free and debt free” basis. Mercer intend to satisfy payment of the purchase price using our existing cash on hand and/or our revolving credit facilities. Mercer mandate with our current German bank agent for our existing €200 million Pan-German revolving credit facility to replace it with a new five-year facility with increased total availability of €300 million. For fiscal year 20211, HIT net revenues of €227 million, and net Income of €31 million and Adjusted EBITDA of €68 million. The transaction is immediately accretive, advancing our long-term strategy of growing our timber processing and wood production business and creating meaningful synergies. Transaction is subject to customary closing conditions, including receipt of requisite regulatory anti-trust approvals. The Transaction is expected to close in the third or early fourth quarter of 2022.
Sangra Moller LLP acted as legal advisor for Mercer. Heiko Gotsche, Stefan Süß, Susan Kempe-Müller, Jana Dammann de Chapto, Christian Jahn, Ludwig Zesch and Christoph Baus of Latham & Watkins Schön Nolte acted as Legal advisor to Deutsche Bank and Orchard Global Asset Management. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Mercer International Inc. (NasdaqGS:MERC).
Mercer International Inc. (NasdaqGS:MERC) completed the acquisition of HIT Holzindustrie Torgau GmbH & Co. KG from Deutsche Bank Aktiengesellschaft (XTRA:DBK) and funds advised by Orchard Global Asset Management LLP on September 30, 2022. Announcement • Jul 29
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on October 5, 2022 Mercer International Inc. announced quarterly dividend of $0.075 per share will be paid on October 5, 2022 to all shareholders of record on September 28, 2022. Announcement • Jul 23
Mercer International Inc. (NasdaqGS:MERC) has entered into an agreement to acquire HIT Holzindustrie Torgau GmbH & Co. KG for €270 million. Mercer International Inc. (NasdaqGS:MERC) has entered into an agreement to acquire HIT Holzindustrie Torgau GmbH & Co. KG for €270 million on July 22, 2022. The aggregate purchase price is €270 million, inclusive of forecasted net working capital of approximately €43 million. The Transaction is structured on a “cash free and debt free” basis. Mercer intend to satisfy payment of the purchase price using our existing cash on hand and/or our revolving credit facilities. Mercer mandate with our current German bank agent for our existing €200 million Pan-German revolving credit facility to replace it with a new five-year facility with increased total availability of €300 million. For fiscal year 20211, HIT net revenues of €227 million, and net Income of €31 million and Adjusted EBITDA of €68 million. The transaction is immediately accretive, advancing our long-term strategy of growing our timber processing and wood production business and creating meaningful synergies. Transaction is subject to customary closing conditions, including receipt of requisite regulatory anti-trust approvals. The Transaction is expected to close in the third or early fourth quarter of 2022.
Sangra Moller LLP acted as legal advisor for Mercer. Announcement • Jul 21
Mercer International Inc. to Report Q1, 2023 Results on May 04, 2023 Mercer International Inc. announced that they will report Q1, 2023 results on May 04, 2023 Announcement • Jul 06
Mercer International Inc. Provides Update on Fire At Mercer Stendal Pulp Mill Mercer International Inc. provided the following update to its press release of July 1, 2022 regarding a fire which occurred in the wood chip storage area at Stendal pulp mill. Currently, the fire has been primarily extinguished but as is customary in such cases, the site will be monitored for hot spots for several more days. The fire did not damage the mill operations and the damage appears to have been confined to the wood chip storage bunkers and associated conveying systems. The Company will, as permitted by site monitoring measures, conduct a more formal detailed assessment of damage and required repairs and develop a restart plan. Until such assessment and plan, there can be no assurance as to when the mill will recommence operations. The Company maintains property and business interruption insurance for the Stendal pulp mill and expect the property damage and business interruption will be covered by such insurance, subject to customary deductibles and limits. Announcement • Jul 02
Mercer International Inc. Commences Shutdown Procedures and Curtailing Pulp Production Due to Fire Occurrence at Iits Stendal, Germany Pulp Mill Mercer International Inc. has announced that a fire has occurred in the woodyard at its Stendal, Germany pulp mill on July 1, 2022. The company is currently assessing the damage which appears to be isolated to the woodchip storage area and conveyor equipment. Due to the initial and ongoing containment activities the company have commenced shutdown procedures and will be curtailing pulp production. Upcoming Dividend • Jun 21
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.5%). Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: US$1.35 (vs US$0.09 in 1Q 2021) First quarter 2022 results: EPS: US$1.35 (up from US$0.09 in 1Q 2021). Revenue: US$592.7m (up 44% from 1Q 2021). Net income: US$88.9m (up US$83.0m from 1Q 2021). Profit margin: 15% (up from 1.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.4% compared to a 7.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 19
Mercer International Inc., Annual General Meeting, May 31, 2022 Mercer International Inc., Annual General Meeting, May 31, 2022, at 10:00 Pacific Daylight. Location: Suite 1120, 700 West Pender Street Vancouver British Columbia Canada Agenda: To elect ten directors nominated by the board of directors to serve until the 2023 Annual Meeting of Shareholders; to approve, on a non-binding advisory basis, the compensation of the Company’s executive officers as disclosed in these materials; to ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2022; to approve the Mercer International Inc. Amended and Restated 2022 Stock Incentive Plan; and to transact such other business as may properly come before the meeting. Upcoming Dividend • Mar 22
Upcoming dividend of US$0.075 per share Eligible shareholders must have bought the stock before 29 March 2022. Payment date: 06 April 2022. Payout ratio is a comfortable 10% and the cash payout ratio is 80%. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (3.3%). Recent Insider Transactions • Mar 17
Insider recently bought €130k worth of stock On the 8th of March, Peter Kellogg bought around 11k shares on-market at roughly €11.78 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.6m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.59 (up from US$0.26 loss in FY 2020). Revenue: US$1.80b (up 27% from FY 2020). Net income: US$171.0m (up US$188.2m from FY 2020). Profit margin: 9.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 2.8% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 18
Mercer International Inc. Announces Quarterly Dividend, Payable on April 6, 2022 Mercer International Inc. announced quarterly dividend of $0.075 per share will be paid on April 6, 2022 to all shareholders of record on March 30, 2022. Future dividends will be subject to Board approval and may be adjusted as business and industry conditions warrant. Upcoming Dividend • Dec 14
Upcoming dividend of US$0.065 per share Eligible shareholders must have bought the stock before 21 December 2021. Payment date: 30 December 2021. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (2.7%). Recent Insider Transactions • Nov 10
Insider recently bought €1.5m worth of stock On the 5th of November, Peter Kellogg bought around 163k shares on-market at roughly €9.03 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$1.05 (vs US$0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$469.7m (up 41% from 3Q 2020). Net income: US$69.1m (up US$61.6m from 3Q 2020). Profit margin: 15% (up from 2.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 21
Upcoming dividend of US$0.065 per share Eligible shareholders must have bought the stock before 28 September 2021. Payment date: 06 October 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.9%). Board Change • Jul 31
High number of new directors Independent Director Alice Laberge was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.32 (vs US$0.13 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$401.8m (up 18% from 2Q 2020). Net income: US$21.4m (up US$29.8m from 2Q 2020). Profit margin: 5.3% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 22
Upcoming dividend of US$0.065 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 07 July 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.8%). Recent Insider Transactions • May 19
Insider recently sold €90k worth of stock On the 13th of May, Eric Heine sold around 7k shares on-market at roughly €12.81 per share. In the last 3 months, there was an even bigger sale from another insider worth €126k. Insiders have been net sellers, collectively disposing of €203k more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$0.09 (vs US$0.052 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$412.7m (up 18% from 1Q 2020). Net income: US$5.93m (up US$9.33m from 1Q 2020). Profit margin: 1.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Mercer International Inc. Announces Quarterly Cash Dividend, Payable on July 7, 2021 On April 29, 2021, Mercer International Inc. announced quarterly cash dividend of $0.065 per share to be paid on July 7, 2021 to all shareholders of record on June 30, 2021. Upcoming Dividend • Mar 23
Upcoming dividend of US$0.065 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 07 April 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.7%). Recent Insider Transactions • Mar 20
Insider recently sold €126k worth of stock On the 17th of March, Wolfram Ridder sold around 10k shares on-market at roughly €12.62 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €114k more than they bought in the last 12 months. Announcement • Mar 06
Mercer International Inc. to Report Fiscal Year 2021 Results on Feb 17, 2022 Mercer International Inc. announced that they will report fiscal year 2021 results on Feb 17, 2022 Is New 90 Day High Low • Feb 26
New 90-day high: €11.60 The company is up 72% from its price of €6.75 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.09 per share. Reported Earnings • Feb 18
Full year 2020 earnings released: US$0.26 loss per share (vs US$0.15 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$1.42b (down 12% from FY 2019). Net loss: US$17.2m (loss widened 79% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 14% while theForestry industry in Germany is not expected to grow. Announcement • Feb 18
Mercer International Inc. Announces Appointments to Board of Directors Mercer International Inc. announced that Alice Laberge and Janine North, ICD.D, have been appointed to its board of directors effective February 17, 2021. Ms. Laberge most recently retired from the board of the Royal Bank of Canada in January 2021, on which she served for over 15 years. She is a member of the boards of directors of Nutrien Ltd. and Russel Metals Inc. Ms. North currently serves as a director for Conifex Timber Inc. and Imperial Metals Corporation. She is also a director of the BC Ferry Services Corp. and the Fraser Basin Council. She retired from the Northern Development Initiative Trust in 2016 after serving 11 years as the founding Chief Executive Officer. Is New 90 Day High Low • Feb 09
New 90-day high: €10.30 The company is up 66% from its price of €6.20 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.10 per share. Announcement • Jan 20
Mercer International Inc. to Report Q4, 2020 Results on Feb 16, 2021 Mercer International Inc. announced that they will report Q4, 2020 results After-Market on Feb 16, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: €9.05 The company is up 68% from its price of €5.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.25 per share.