Supremex announces 19% increase in 3Q revenue

10 November, 23:26
Supremex Inc. announced its results for the 3Q ended September 30, 2017, and declared an 8.3% increase to its quarterly dividend. Revenue for the three-month period ended September 30, 2017, increased by 18.9% or $6.9 million reaching $43.4 million compared with $36.5 million during the three-month period ended September 30, 2016, as the company said in the press release received by Lesprom Network.

EBITDA stood at $6.1 million for the 3Q 2017, compared with $5.5 million for the same period in 2016, an increase of $0.6 million, or 10.8%. EBITDA margin stood at 14.1%, compared to 15.1% during the 3Q year.

Net earnings stood at $3.2 million for the 3Q 2017, compared with $2.8 million for the equivalent same period in 2016.

Revenue for the nine-month period ended September 30, 2017, increased by 10.7%, or $12.5 million reaching to $129.7 million, compared with $117.2 million during the nine-month period ended September 30, 2016.

EBITDA stood at $18.4 million for the nine-month period ended September 30, 2017, compared with $19.6 million for the same period in 2016, a decrease of $1.2 million, or 5.9%. EBITDA margin stood at 14.2% compared to 16.7% during the first nine months of last year.

Net earnings amounted to $10.1 million for the nine-month period ended September 30, 2017, compared with $10.0 million for the equivalent period in 2016.

Supremex Inc. is a leading North American manufacturer and marketer of envelopes and a growing provider of packaging and specialty products.



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