Total revenues for the 2Q 2015 decreased by approximately 6% to $266.9 million from $285.2 million in the same quarter in 2014, primarily due to lower pulp sales realizations.
In the 2Q 2015, operating income increased by approximately 52% to $33.5 million from $22 million in the same quarter of 2014, primarily due to the positive impact of a stronger U.S. dollar relative to the euro and Canadian dollar, partially offset by lower pulp sales realizations.
In the 2Q 2015, Operating EBITDA increased by approximately 19% to $50 million from $41.9 million in the same quarter of 2014, primarily as a result of a stronger U.S. dollar versus the euro and Canadian dollar which in large part contributed to an 11% reduction in costs and expenses, partially offset by lower pulp sales realizations.
Total revenues for the six months ended June 30, 2015 decreased by approximately 11% to $524.5 million from $590.9 million in the same period in 2014, primarily due to lower pulp sales realizations.
In the first half of 2015, operating income increased by approximately 26% to $77.5 million from $61.3 million in the same period of 2014.
In the first half of 2015, Operating EBITDA increased by approximately 10% to $111.4 million from $100.9 million in the same period of 2014.
Mercer International Inc. is a global pulp manufacturing company.
