KPLP Q1 2017 Business and Financial Highlights -- Revenue increased by 3.4% to $289.3 million in Q1 2017 compared to Q1 2016 -- Adjusted EBITDA was $33.8 million in Q1 2017 compared to $28.1 million in Q1 2016, up 20.3% -- Achieved Adjusted EBITDA from TAD products of $15.7 million -- Expanded distribution of White Cloudr to select U.S. retailers -- Declared a quarterly dividend of $0.18 per share to be paid on July 17, 2017 "We are pleased by our Adjusted EBITDA of $33.8 million for the first quarter of 2017, which was mainly driven by the higher contribution from TAD products, despite some headwinds from higher fibre prices," said Mario Gosselin, CEO of KP Tissue and KPLP. "The commercialization of our TAD products is entering its fifth year and we are extremely pleased by the overall performance. For the first quarter, Adjusted EBITDA related to TAD products reached $15.7 million, representing an annualized run rate in excess of our previously stated expectation of $60 million for the TAD project. We now have TAD fully integrated into our business and are proud of the results we have achieved. click Read More below for additional detail
Ahlstrom-Munksjö, a global leader in fiber-based materials, has renewed its EcoVadis Gold rating level for the company’s sustainability management and performance for the third consecutive year.
EcoVadis is one of the leading systems for evaluating suppliers’ environmental aspects, working conditions, social responsibility, and procurement practices.
The EcoVadis method is based on internationally adopted principles for sustainability reporting, such as the Global Reporting Initiative, United Nations Global Compact and ISO 26000, and is audited by independent sustainability experts.
With a corporate social responsibility engagement level assessed as advanced, Ahlstrom-Munksjö is in the top 1% of suppliers assessed, regardless of their industry.
“We use EcoVadis to meet our customers’ needs and support active cooperation with them to secure a more sustainable supply chain. Our third consecutive Gold rating is a result of excellent performance within environmental impact, labor practices, fair business practices and sustainable procurement. Our rating allows us to communicate an independent view on our excellent performance. I would also this year like to thank all our stakeholders, both internal and external, who have contributed to the achievement” says Heli Nykänen, Manager Group Sustainability and Capital Investments.