Fortress Paper Ltd. reported 1Q 2017 operating EBITDA of $7.5 million, an increase of $6.4 million relative to the comparative prior year period and an increase of $1.1 million over the previous quarter. 1Q 2017 sales increased to $92.5 million, compared to $80 million in 1Q 2016, as the company said in the press release received by Lesprom Network.
Yvon Pelletier, CEO, commented: “Management is pleased to report one of the best consolidated quarterly operating EBITDA results since the restart of our Fortress Specialty Cellulose mill as a dissolving pulp mill. We are particularly pleased to have been able to achieve this result during one of our seasonally slower winter quarters. Contributing to this positive result were stabilized results in our Security Paper Products Segment as well as increased uptime and improved production at our dissolving pulp operation. Management continues to have a positive outlook for the 2017 fiscal year with material improvement in consolidated operating EBITDA.”
Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products.
