Aug 05, 2013. /Lesprom Network/. For the 2Q 2013, Supremex Inc. generated revenue of $31.9 million compared with $31.8 million for the three-month period ended June 30, 2012, representing an increase of $0.1 million or 0.3%, as the company said in the press release received by Lesprom Network. 

EBITDA for the 2Q 2013 was $6.1 million compared with $5.1 million for the same period in 2012, representing an increase of $1 million or 19.7%. EBITDA margin was 19.1% compared with 16.1% in the 2Q 2012. The margin improvement is attributable to the various cost reduction measures put in place, including the conversion, for future service, of the defined benefit pension plans into defined contribution plans since July 1, 2012 for approximately $0.5 million.

Net earnings for the 2Q 2013 were $2.5 million or $0.09 per share compared with $1.2 million or $0.04 per share for the same period in 2012, representing an increase of $1.3 million.

For the first six months, Supremex generated revenues of $65.6 million compared with $67.4 million in 2012, representing a decrease of $1.8 million or 2.7%. The EBITDA for the first six months of 2013 was $15.9 million compared with $11.4 million for the same period in 2012, an increase of $4.5 million or 39.1%.

"I am quite pleased with our results in the second quarter. Not only are we seeing improved potential in the North East of the U.S., we are also gaining momentum in Canada with our envelopes for special purposes which bring attractive value added," said Gilles Cyr, President and CEO of Supremex.

"The volume in the Canadian market has continued to decline but at a slower pace than last year. What we are experiencing is that people that remain in the mail for marketing purposes are willing to spend more on colors as well as on new features in order to greatly enhance their response rate. Although this trend will not by itself offset the impact of the overall decline, this will clearly mitigate it. Supremex is well positioned with its talented people and its asset base to benefit from market trends for more complex envelopes" said Mr. Cyr.

Supremex Inc. is Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and related products. Supremex is the only national envelope manufacturer in Canada, with facilities across six provinces and employs approximately 525 people.