May 15, 2015. /Lesprom Network/. Supremex Inc. announced its results for the 1Q ended March 31, 2015. Revenue in the 1Q 2015 grew to $34.7 million from $33.9 million in the 1Q 2014, an increase of $0.8 million, or 2.3%. Revenues from the U.S. envelope market increased by 24.6%, while revenues from the Canadian envelope market decreased slightly by 0.8%, as the company said in the press release received by Lesprom Network.

In the 1Q 2015, EBITDA increased by 9.8%, to $8.1 million. Excluding non-cash gains on amendments to the pension and post-retirement benefits plans, adjusted EBITDA decreased by $0.3 million or 4.6% to $7 million. This results from the fast appreciation of the U.S. dollar against the Canadian currency, increasing the costs of raw materials. The Company’s growing revenues from the U.S. envelope market has mitigated the effect of its exposure to the U.S. dollar.

Net earnings in the 1Q 2015 increased by 12.9%, or $0.4 million to $3.8 million, or $0.13 per share, compared to net earnings of $0.12 per share last year.

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.