This increase is mainly attributable to an increase of 28.6% in the volume of units sold in the U.S. envelope market and also fuelled by slightly higher average selling prices both on the Canadian and the U.S. envelope markets, which largely compensated for a decrease of 3.1% in the volume of units sold in Canada.
4Q 2014 Adjusted EBITDA grew by $0.5 million or 6.7% to $7.2 million. Again, this results mainly from increased sales in the U.S. envelope market combined with higher average selling prices.
Net earnings in the 4Q 2014 amounted to $2.7 million or $0.09 per share, equivalent to the corresponding period of last year.
Revenue for the year ended December 31, 2014 year increased to $131.9 million compared to $129.0 million in the same period of last year, an increase of $2.9 million or 2.3%.
Annual Adjusted EBITDA stood at $26.6 million compared to $25.1 million in 2013, representing an increase of $1.5 million or 5.9%.
“In 2014, our disciplined approach led to revenue growth, stronger earnings from operations and overall debt reduction,” said Stewart Emerson, President and CEO of Supremex. “We are entering 2015 with a more flexible financial position and significant traction in the U.S. market. We will continue to focus on our product mix, specialty products and value-added services and leverage our manufacturing efficiencies to deliver shareholder value.”
Supremex Inc. is Canada’s largest manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and speciality products.
