Mercer International Inc. reported that operating EBITDA in the Q3 2023 was $37.5 million compared to $140.9 million in the same quarter of 2022 and improved from negative $68.7 million in the prior quarter of 2023.

UPM Q3 sales down 24%

Q3 2023 operating cash flow was Euro 641 million, supported by cash inflow from working capital and energy hedges. Net debt decreased to Euro 2,363 million and the net debt to EBITDA ratio was 1.27.