Tuesday 06. May 2008
Mercer International Inc. Reports Improved 2008 First Quarter Results Versus 2007 and Announces New Green Energy Project
Mercer International Inc. (NASDAQ:MERC) (NASDAQ:TSX:) (NASDAQ:MRI.U) today reported improved 2008 first quarter results. Revenues and Operating EBITDA in the first quarter of 2008 increased to euro 179.1 million (U.S.$268.8 million) and euro 32.8 million (U.S.$49.4 million) from euro 169.5 million (U.S.$222.1 million) and euro 28.3 million (U.S.$37.1 million), respectively, in the first quarter of 2007, primarily because of higher prices and sales volumes, along with lower wood costs partially offset by a weaker U.S. dollar. Operating EBITDA is defined on page 4 of this press release and reconciled to net income from continuing operations on page 6 of the financial tables in this press release.